Great Lakes Advisors LLC Makes New Investment in Mondelez International, Inc. $MDLZ

Great Lakes Advisors LLC bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the second quarter, Holdings Channel reports. The firm bought 88,462 shares of the company’s stock, valued at approximately $5,117,000.

Other institutional investors and hedge funds have also modified their holdings of the company. J.Safra Asset Management Corp purchased a new stake in shares of Mondelez International during the 4th quarter worth about $25,000. Advocate Investing Services LLC acquired a new position in Mondelez International in the 4th quarter valued at $25,000. JPL Wealth Management LLC bought a new position in shares of Mondelez International in the third quarter worth about $32,000. Kemnay Advisory Services Inc. acquired a new position in shares of Mondelez International during the fourth quarter worth approximately $28,000. Finally, McIlrath & Eck LLC acquired a new position in Mondelez International during the 4th quarter valued at $30,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on MDLZ shares. Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 price objective on shares of Mondelez International in a research report on Wednesday, July 29th. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. UBS Group boosted their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Finally, Freedom Capital downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.30.

Mondelez International Stock Up 2.4%

NASDAQ:MDLZ opened at $64.16 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The stock has a 50-day moving average price of $61.18 and a two-hundred day moving average price of $60.04. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The stock has a market cap of $81.89 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.55 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.Mondelez International’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.52 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s dividend payout ratio is currently 73.53%.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.