Vest Financial LLC Boosts Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Vest Financial LLC increased its stake in Mondelez International by 39.3% in Q2 2023, now holding 18,344 shares worth approximately $1.24 million.
• Several large investors have also increased their holdings, with Vanguard Personalized Indexing Management LLC boosting its stake by 24.1% during the same period.
• Analysts have given Mondelez International a consensus rating of Moderate Buy with an average target price of $70.89, reflecting positive sentiment towards the stock's performance.

Vest Financial LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 39.3% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,344 shares of the company's stock after buying an additional 5,172 shares during the period. Vest Financial LLC's holdings in Mondelez International were worth $1,237,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. MGO One Seven LLC increased its holdings in Mondelez International by 7.8% during the second quarter. MGO One Seven LLC now owns 22,688 shares of the company's stock worth $1,530,000 after buying an additional 1,648 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Mondelez International by 24.0% during the second quarter. Allspring Global Investments Holdings LLC now owns 1,723,105 shares of the company's stock worth $118,825,000 after buying an additional 333,578 shares during the last quarter. Clarendon Private LLC increased its holdings in Mondelez International by 22.8% during the second quarter. Clarendon Private LLC now owns 6,937 shares of the company's stock worth $468,000 after buying an additional 1,289 shares during the last quarter. CWM LLC increased its holdings in Mondelez International by 22.3% during the second quarter. CWM LLC now owns 141,247 shares of the company's stock worth $9,526,000 after buying an additional 25,787 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in Mondelez International by 24.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 219,583 shares of the company's stock worth $14,809,000 after buying an additional 42,579 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 target price for the company. Stifel Nicolaus lifted their target price on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Weiss Ratings reiterated a "hold (c)" rating on shares of Mondelez International in a research note on Tuesday. Sanford C. Bernstein lifted their target price on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.89.

Mondelez International Price Performance

MDLZ stock opened at $62.13 on Wednesday. The firm has a 50 day moving average of $62.23 and a 200-day moving average of $65.37. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $72.70. The firm has a market capitalization of $80.39 billion, a P/E ratio of 22.76, a price-to-earnings-growth ratio of 4.63 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $7.30 billion during the quarter. As a group, sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 30th. This is a boost from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International's dividend payout ratio (DPR) is presently 73.26%.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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