Mondelez International, Inc. $MDLZ Shares Purchased by DAVENPORT & Co LLC

DAVENPORT & Co LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 198,344 shares of the company’s stock after purchasing an additional 385 shares during the quarter. DAVENPORT & Co LLC’s holdings in Mondelez International were worth $13,377,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Abound Financial LLC purchased a new stake in Mondelez International during the 1st quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new position in Mondelez International during the first quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in Mondelez International by 376.1% during 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 last quarter. North Capital Inc. acquired a new stake in shares of Mondelez International in the 1st quarter worth $31,000. Finally, Saudi Central Bank acquired a new position in shares of Mondelez International during the 1st quarter valued at about $36,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Morgan Stanley reduced their target price 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. Stifel Nicolaus raised their price target on shares of Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Evercore ISI cut their target price on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Finally, Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research note on Thursday, October 2nd. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.75.

Mondelez International Trading Down 1.4%

Shares of NASDAQ MDLZ opened at $61.78 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $79.94 billion, a PE ratio of 22.63, a PEG ratio of 4.74 and a beta of 0.45. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $72.70. The stock has a fifty day simple moving average of $62.62 and a 200-day simple moving average of $65.55.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $8.98 billion for 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%.Mondelez International’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders 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 is a positive change from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s 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.