Mattern Capital Management LLC Has $8.35 Million Stock Position in Mondelez International, Inc. $MDLZ

Mattern Capital Management LLC raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 123,774 shares of the company’s stock after acquiring an additional 852 shares during the quarter. Mattern Capital Management LLC’s holdings in Mondelez International were worth $8,347,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Abound Financial LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. North Capital Inc. bought a new stake in shares of Mondelez International in the 1st quarter valued at $31,000. Finally, Saudi Central Bank bought a new stake in shares of Mondelez International in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $61.78 on Friday. The firm has a market capitalization of $79.94 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 4.78 and a beta of 0.45. The firm has a fifty day simple moving average of $62.93 and a two-hundred day simple moving average of $65.56. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $72.70.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Mondelez International’s quarterly revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.86 EPS. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a $0.50 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. Mondelez International’s dividend payout ratio is currently 73.26%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MDLZ shares. Piper Sandler upped their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and lifted their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Barclays lifted their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Thursday. Finally, UBS Group lowered their price objective on shares of Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a research note on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $71.80.

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.