Bank Pictet & Cie Europe AG Raises Stake in Mondelez International, Inc. $MDLZ

Bank Pictet & Cie Europe AG increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% in the second quarter, Holdings Channel reports. The firm owned 332,396 shares of the company’s stock after acquiring an additional 3,353 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Mondelez International were worth $22,417,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MDLZ. Abound Financial LLC purchased a new position in shares of Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC purchased a new position in Mondelez International in the first quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after buying an additional 346 shares during the period. North Capital Inc. acquired a new stake in shares of Mondelez International in the first quarter valued at about $31,000. Finally, Saudi Central Bank acquired a new stake in shares of Mondelez International in the first quarter valued at about $36,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent research reports. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and upped their target price for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price target for the company. Piper Sandler boosted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Finally, UBS Group decreased their price objective on shares of Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.79.

Mondelez International Trading Down 2.8%

NASDAQ MDLZ opened at $62.56 on Friday. The company’s fifty day moving average price is $63.67 and its two-hundred day moving average price is $65.66. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $75.11. The company has a market capitalization of $80.95 billion, a price-to-earnings ratio of 22.92, a price-to-earnings-growth ratio of 4.87 and a beta of 0.44. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share 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. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. 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.