Czech National Bank Grows Position in Mondelez International, Inc. $MDLZ

Czech National Bank raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 316,498 shares of the company’s stock after purchasing an additional 19,396 shares during the quarter. Czech National Bank’s holdings in Mondelez International were worth $21,345,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Abound Financial LLC purchased a new stake in shares of Mondelez International during the 1st quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International during the 1st quarter valued at about $26,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after buying an additional 346 shares during the period. Finally, North Capital Inc. purchased a new stake in shares of Mondelez International during the 1st quarter valued at about $31,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on MDLZ. Piper Sandler raised their target price on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and raised their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. JPMorgan Chase & Co. began coverage on Mondelez International in a report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 target price on the stock. Sanford C. Bernstein raised their target price on Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Finally, Stifel Nicolaus lifted their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $72.00.

Mondelez International Price Performance

Shares of MDLZ opened at $62.70 on Wednesday. The firm has a market cap of $81.13 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 4.66 and a beta of 0.44. The stock has a 50 day moving average of $64.25 and a 200-day moving average of $65.81. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $75.94.

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

Mondelez International Increases Dividend

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

Mondelez International 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.