PFG Investments LLC Sells 1,074 Shares of Mondelez International, Inc. $MDLZ

PFG Investments LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.3% in the second quarter, Holdings Channel.com reports. The institutional investor owned 16,108 shares of the company’s stock after selling 1,074 shares during the period. PFG Investments LLC’s holdings in Mondelez International were worth $1,086,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in MDLZ. LBP AM SA purchased a new stake in Mondelez International in the second quarter worth approximately $13,876,000. Union Bancaire Privee UBP SA lifted its holdings in shares of Mondelez International by 64.3% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 7,227 shares of the company’s stock valued at $487,000 after buying an additional 2,827 shares during the period. Chicago Capital LLC boosted its stake in shares of Mondelez International by 30.9% in the 2nd quarter. Chicago Capital LLC now owns 7,228 shares of the company’s stock worth $487,000 after buying an additional 1,705 shares during the last quarter. Bluesphere Advisors LLC grew its holdings in shares of Mondelez International by 2.9% in the second quarter. Bluesphere Advisors LLC now owns 6,609 shares of the company’s stock worth $446,000 after acquiring an additional 186 shares during the period. Finally, XML Financial LLC increased its position in Mondelez International by 3.3% during the second quarter. XML Financial LLC now owns 15,865 shares of the company’s stock valued at $1,070,000 after acquiring an additional 504 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 2.2%

Shares of MDLZ stock opened at $61.78 on Friday. 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, Inc. has a one year low of $53.95 and a one year high of $72.70. The company’s fifty day moving average price is $62.93 and its 200-day moving average price is $65.56. The company has a market capitalization of $79.94 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 4.78 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Sell-side analysts expect 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 given a dividend of $0.50 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 73.26%.

Analysts Set New Price Targets

Several research analysts have issued reports on MDLZ shares. Barclays raised their target price on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Piper Sandler boosted their target price on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday. Dbs Bank upgraded shares of Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Finally, Sanford C. Bernstein upped their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $71.80.

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.