Pflug Koory LLC Lowers Stock Holdings in Mondelez International, Inc. $MDLZ

Pflug Koory LLC trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,581 shares of the company’s stock after selling 200 shares during the period. Pflug Koory LLC’s holdings in Mondelez International were worth $376,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MDLZ. Abound Financial LLC bought a new position in Mondelez International during the first quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International during the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mondelez International by 376.1% during 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 during the period. North Capital Inc. purchased a new stake in shares of Mondelez International during the first quarter valued at approximately $31,000. Finally, Saudi Central Bank purchased a new stake in shares of Mondelez International during the first quarter valued at approximately $36,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

MDLZ opened at $62.67 on Friday. The stock has a 50-day moving average price of $62.78 and a 200-day moving average price of $65.55. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The firm has a market cap of $81.09 billion, a PE ratio of 22.96, a P/E/G ratio of 4.67 and a beta of 0.45. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $72.70.

Mondelez International (NASDAQ:MDLZ) last posted 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 firm 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%.Mondelez International’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Sell-side 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. Shareholders of record on Tuesday, September 30th will be given a $0.50 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s payout ratio is presently 73.26%.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Sanford C. Bernstein raised their price target on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Barclays raised their price target on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Wells Fargo & Company dropped their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, September 25th. Berenberg Bank lowered Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Mondelez International in a research note on Saturday, September 27th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $71.80.

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.