Howe & Rusling Inc. Increases Stock Position in Mondelez International, Inc. $MDLZ

Howe & Rusling Inc. increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 110.4% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 193,224 shares of the company’s stock after buying an additional 101,393 shares during the quarter. Mondelez International makes up 1.1% of Howe & Rusling Inc.’s portfolio, making the stock its 25th largest holding. Howe & Rusling Inc.’s holdings in Mondelez International were worth $13,110,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in MDLZ. Price T Rowe Associates Inc. MD boosted its holdings in Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after buying an additional 13,755,181 shares in the last quarter. Nuveen LLC purchased a new stake in Mondelez International during the first quarter worth $866,843,000. Goldman Sachs Group Inc. boosted its holdings in Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after buying an additional 3,454,174 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Mondelez International during the first quarter worth $189,930,000. Finally, Natixis Advisors LLC boosted its holdings in Mondelez International by 148.6% during the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company’s stock worth $201,549,000 after buying an additional 1,775,570 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of several recent analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price objective on the stock. Wells Fargo & Company raised shares of Mondelez International from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $68.00 to $78.00 in a report on Friday, June 20th. Barclays increased their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Stifel Nicolaus increased their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, UBS Group decreased their price objective on shares of Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Fourteen investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $62.05 on Friday. The firm has a 50-day simple moving average of $64.64 and a 200-day simple moving average of $65.84. The stock has a market capitalization of $80.29 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 4.71 and a beta of 0.44. 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 $75.98.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to analysts’ expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 3.2%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 68.86%.

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.