OLD National Bancorp IN Boosts Holdings in Mondelez International, Inc. $MDLZ

OLD National Bancorp IN grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 35.5% during the second quarter, HoldingsChannel reports. The firm owned 18,258 shares of the company’s stock after purchasing an additional 4,788 shares during the quarter. OLD National Bancorp IN’s holdings in Mondelez International were worth $1,231,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities analysts have commented on MDLZ shares. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and raised their price objective for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Thursday, October 2nd. Morgan Stanley dropped their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday. Wells Fargo & Company decreased their target price on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Finally, Sanford C. Bernstein lifted their target price on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $71.75.

Mondelez International Stock Down 1.4%

Shares of Mondelez International stock opened at $61.78 on Tuesday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a market capitalization of $79.94 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 4.74 and a beta of 0.45. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $72.70. The company has a 50-day simple moving average of $62.62 and a two-hundred day simple moving average of $65.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion for 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 revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, 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. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is 73.26%.

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.