Highland Capital Management LLC Reduces Stock Holdings in Mondelez International, Inc. $MDLZ

Highland Capital Management LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 89,911 shares of the company’s stock after selling 3,486 shares during the period. Highland Capital Management LLC’s holdings in Mondelez International were worth $6,064,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Hemington Wealth Management grew its position in shares of Mondelez International by 11.4% during the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after acquiring an additional 156 shares during the last quarter. Checchi Capital Advisers LLC grew its position in shares of Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock worth $1,083,000 after acquiring an additional 160 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Mondelez International by 11.1% during the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock worth $115,000 after acquiring an additional 168 shares during the last quarter. Enterprise Bank & Trust Co grew its position in shares of Mondelez International by 0.7% during the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after acquiring an additional 170 shares during the last quarter. Finally, Sage Private Wealth Group LLC grew its position in shares of Mondelez International by 3.7% during the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock worth $334,000 after acquiring an additional 175 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of a number of research reports. Barclays raised their target price on shares of Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mondelez International in a report on Saturday, September 27th. JPMorgan Chase & Co. initiated coverage on Mondelez International in a report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price target for the company. UBS Group decreased their price target on Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a report on Thursday, July 31st. Finally, Stifel Nicolaus increased their price target on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Fourteen research 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. According to data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $71.80.

Mondelez International Trading Up 1.4%

NASDAQ:MDLZ opened at $62.67 on Friday. The company has a market capitalization of $81.09 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 4.74 and a beta of 0.45. The company has a quick ratio of 0.39, a current ratio of 0.64 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 $72.70. The stock has a fifty day simple moving average of $62.78 and a 200-day simple moving average of $65.56.

Mondelez International (NASDAQ:MDLZ) last released its quarterly 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 business had revenue of $8.98 billion during the quarter, compared to the consensus estimate 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 in the previous year, the company posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio (DPR) 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.