Public Employees Retirement System of Ohio Trims Stake in Mondelez International, Inc. $MDLZ

Public Employees Retirement System of Ohio lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 528,445 shares of the company’s stock after selling 25,508 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Mondelez International were worth $35,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of MDLZ. Abound Financial LLC purchased a new position in shares of Mondelez International during the first quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International in the first quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in 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 worth $30,000 after purchasing an additional 346 shares during the period. North Capital Inc. purchased a new stake in Mondelez International in the first quarter worth about $31,000. Finally, Saudi Central Bank purchased a new stake in Mondelez International in the first quarter worth about $36,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MDLZ shares. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price objective on the stock. Wells Fargo & Company upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Piper Sandler upped their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Finally, Barclays upped their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating 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 stock has an average rating of “Moderate Buy” and a consensus target price of $72.00.

Mondelez International Trading Up 0.9%

NASDAQ:MDLZ opened at $64.39 on Thursday. The company’s 50 day moving average price is $63.82 and its 200-day moving average price is $65.69. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $75.11. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The stock has a market cap of $83.32 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 4.83 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities research analysts forecast 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. 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 payout ratio is currently 68.86%.

About Mondelez International

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.