Advisors Capital Management LLC Has $930,000 Stock Position in Mondelez International, Inc. $MDLZ

Advisors Capital Management LLC lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,712 shares of the company’s stock after selling 292 shares during the quarter. Advisors Capital Management LLC’s holdings in Mondelez International were worth $930,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MDLZ. Kingswood Wealth Advisors LLC grew its holdings in Mondelez International by 15.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company’s stock valued at $527,000 after purchasing an additional 1,013 shares during the period. Canopy Partners LLC grew its holdings in Mondelez International by 20.7% during the first quarter. Canopy Partners LLC now owns 16,800 shares of the company’s stock valued at $1,140,000 after purchasing an additional 2,876 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Mondelez International by 23.6% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company’s stock valued at $3,039,000 after purchasing an additional 8,544 shares during the period. TCW Group Inc. grew its holdings in Mondelez International by 1.1% during the first quarter. TCW Group Inc. now owns 98,444 shares of the company’s stock valued at $6,679,000 after purchasing an additional 1,075 shares during the period. Finally, Flagship Harbor Advisors LLC grew its holdings in Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company’s stock valued at $738,000 after purchasing an additional 4,002 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Piper Sandler boosted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price objective for the company. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Finally, Stifel Nicolaus upped their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Mondelez International Stock Down 0.1%

Mondelez International stock opened at $61.98 on Friday. The stock has a market capitalization of $80.20 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 4.69 and a beta of 0.44. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $75.98. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a 50 day moving average of $64.50 and a 200-day moving average of $65.82.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This is a positive change 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 is currently 68.86%.

Mondelez International Company Profile

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.