Great Lakes Advisors LLC Grows Holdings in Mondelez International, Inc. $MDLZ

by · The Cerbat Gem

Great Lakes Advisors LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 26.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,413,908 shares of the company’s stock after buying an additional 293,307 shares during the quarter. Great Lakes Advisors LLC’s holdings in Mondelez International were worth $95,955,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Hemington Wealth Management boosted its stake in shares of Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after buying an additional 156 shares during the last quarter. Checchi Capital Advisers LLC raised its position in shares of Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock valued at $1,083,000 after acquiring an additional 160 shares in the last quarter. Sound Income Strategies LLC raised its position in shares of Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock valued at $115,000 after acquiring an additional 168 shares in the last quarter. Sage Private Wealth Group LLC raised its position in shares of Mondelez International by 3.7% during the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock valued at $334,000 after acquiring an additional 175 shares in the last quarter. Finally, Verus Financial Partners Inc. raised its position in shares of Mondelez International by 3.7% during the 1st quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company’s stock valued at $340,000 after acquiring an additional 179 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of several research reports. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Barclays upped their price target on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and upped their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Wells Fargo & Company raised Mondelez International from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Finally, UBS Group dropped their price target on Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

View Our Latest Analysis on Mondelez International

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $61.74 on Monday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. 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 business’s fifty day moving average price is $65.16 and its two-hundred day moving average price is $65.93. The firm has a market capitalization of $79.89 billion, a PE ratio of 22.62, a P/E/G ratio of 4.67 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its earnings results 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 return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the company earned $0.86 earnings per share. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is currently 68.86%.

About Mondelez International

(Free Report)

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.

Further Reading

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