Thrive Wealth Management LLC Purchases 398 Shares of Mondelez International, Inc. $MDLZ

by · The Cerbat Gem

Thrive Wealth Management LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 9.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,786 shares of the company’s stock after purchasing an additional 398 shares during the period. Thrive Wealth Management LLC’s holdings in Mondelez International were worth $323,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. Price T Rowe Associates Inc. MD lifted its stake 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 purchasing an additional 13,755,181 shares during the last quarter. Nuveen LLC purchased a new position in shares of Mondelez International in the first quarter worth about $866,843,000. Goldman Sachs Group Inc. increased its holdings in shares of Mondelez International by 57.6% in 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 during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Mondelez International in the first quarter worth about $189,930,000. Finally, Natixis Advisors LLC increased its holdings in shares of Mondelez International by 148.6% in 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 during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ opened at $62.83 on Thursday. 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 business’s 50 day moving average price is $64.17 and its 200-day moving average price is $65.78. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $75.50. The stock has a market cap of $81.30 billion, a P/E ratio of 23.01, a P/E/G ratio of 4.74 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $8.82 billion. During the same period in the previous year, the firm posted $0.86 EPS. The business’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. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is presently 68.86%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several analyst reports. Wells Fargo & Company upgraded Mondelez International from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Stifel Nicolaus lifted their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Sanford C. Bernstein lifted their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a report on Wednesday, July 30th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. Finally, UBS Group decreased their price objective on Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.00.

Read Our Latest Stock Analysis on MDLZ

Mondelez International Profile

(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.

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