Grimes & Company Inc. Takes $224,000 Position in Mondelez International, Inc. $MDLZ

Grimes & Company Inc. purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 3,325 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors and hedge funds have also made changes to their positions in MDLZ. Abound Financial LLC acquired a new position in shares of Mondelez International in the first quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International in the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Mondelez International by 376.1% in the first 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 in the last quarter. North Capital Inc. acquired a new position in shares of Mondelez International in the first quarter valued at approximately $31,000. Finally, Saudi Central Bank acquired a new position in shares of Mondelez International in the first quarter valued at approximately $36,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 1.3%

Shares of Mondelez International stock opened at $62.60 on Wednesday. The company has a fifty day simple moving average of $62.48 and a 200-day simple moving average of $65.53. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $72.70. 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 cap of $81.00 billion, a price-to-earnings ratio of 22.93, a PEG ratio of 4.68 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 (EPS) for the quarter, beating 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 business had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter in the prior year, the business posted $0.86 EPS. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. 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 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued 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 dividend payout ratio (DPR) is currently 73.26%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MDLZ. Piper Sandler lifted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Mondelez International in a report on Saturday, September 27th. UBS Group dropped their price objective on shares of Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Evercore ISI lowered their price target on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Finally, JPMorgan Chase & Co. started coverage on shares of Mondelez International in a report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price target for the company. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.75.

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.