Venture Visionary Partners LLC Lowers Stock Holdings in Mondelez International, Inc. $MDLZ

Venture Visionary Partners LLC cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,521 shares of the company’s stock after selling 576 shares during the quarter. Venture Visionary Partners LLC’s holdings in Mondelez International were worth $1,856,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MDLZ. Abound Financial LLC acquired a new position in shares of Mondelez International in the first quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new position in Mondelez International in the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its stake 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 acquiring an additional 346 shares in the last quarter. North Capital Inc. purchased a new stake in shares of Mondelez International during the first quarter worth $31,000. Finally, Saudi Central Bank acquired a new stake in shares of Mondelez International in the first quarter valued at $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of several analyst reports. Sanford C. Bernstein boosted their target price on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They set an “overweight” rating and a $75.00 target price on the stock. Piper Sandler lifted their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Stifel Nicolaus increased their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, Barclays raised their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $71.89.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $62.47 on Wednesday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $73.90. The stock has a market capitalization of $80.83 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 4.74 and a beta of 0.44. The company has a 50-day simple moving average of $63.24 and a 200-day simple moving average of $65.60. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

Mondelez International (NASDAQ:MDLZ) last announced its 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 for the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is presently 68.86%.

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.