SCS Capital Management LLC Takes $285,000 Position in Mondelez International, Inc. $MDLZ

SCS Capital Management LLC bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,195 shares of the company’s stock, valued at approximately $285,000.

A number of other institutional investors have also modified their holdings of the business. Brighton Jones LLC increased its stake in Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after buying an additional 7,025 shares during the period. Bank Pictet & Cie Europe AG increased its stake in Mondelez International by 1.1% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company’s stock valued at $20,009,000 after buying an additional 3,706 shares during the period. ProShare Advisors LLC increased its stake in Mondelez International by 20.1% in the 4th quarter. ProShare Advisors LLC now owns 1,708,072 shares of the company’s stock valued at $102,023,000 after buying an additional 285,842 shares during the period. Raiffeisen Bank International AG acquired a new position in Mondelez International in the 4th quarter valued at $1,124,000. Finally, Rafferty Asset Management LLC increased its stake in Mondelez International by 27.3% in the 4th quarter. Rafferty Asset Management LLC now owns 332,454 shares of the company’s stock valued at $19,857,000 after buying an additional 71,345 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $61.98 on Friday. The firm has a market capitalization of $80.20 billion, a P/E ratio of 22.70, a PEG ratio of 4.69 and a beta of 0.44. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $75.98. The company’s fifty day moving average is $64.50 and its two-hundred day moving average is $65.82. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS 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 business had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period in the previous year, the firm earned $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. Analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm 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 $0.50 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is presently 68.86%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Jefferies Financial Group raised shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Sanford C. Bernstein boosted their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They set an “overweight” rating and a $75.00 target price on the stock. Barclays boosted their target price on shares of Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Wells Fargo & Company upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Fourteen equities research 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’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $72.00.

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.