Valeo Financial Advisors LLC Reduces Position in Mondelez International, Inc. $MDLZ

Valeo Financial Advisors LLC cut its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,306 shares of the company’s stock after selling 703 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Mondelez International were worth $2,853,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its position in shares of 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 valued at $1,968,811,000 after buying an additional 13,755,181 shares during the period. Nuveen LLC bought a new stake in shares of Mondelez International during the first quarter valued at about $866,843,000. Invesco Ltd. increased its position in shares of Mondelez International by 1.1% during the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock valued at $851,327,000 after buying an additional 137,604 shares during the period. Goldman Sachs Group Inc. increased its position in shares of Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after buying an additional 3,454,174 shares during the period. Finally, Bahl & Gaynor Inc. increased its position in shares of Mondelez International by 1.5% during the first quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock valued at $417,090,000 after buying an additional 89,362 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Down 1.4%

MDLZ stock opened at $61.78 on Tuesday. 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 company’s 50 day moving average is $62.62 and its 200 day moving average is $65.55. The stock has a market cap of $79.94 billion, a price-to-earnings ratio of 22.63, a price-to-earnings-growth ratio of 4.74 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 data on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, topping 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 company had revenue of $8.98 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same period in the prior year, the business earned $0.86 earnings per share. Mondelez International’s revenue for the quarter was up 7.7% compared to the same quarter last year. 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 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders 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 is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is 73.26%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MDLZ. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Stifel Nicolaus upped their price target on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Wells Fargo & Company decreased their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mondelez International in a research report on Saturday, September 27th. Finally, Evercore ISI decreased their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Fourteen 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.