Grimes & Company Inc. Purchases New Shares in Mondelez International, Inc. $MDLZ

Grimes & Company Inc. purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 2nd quarter, HoldingsChannel.com reports. The fund purchased 3,325 shares of the company’s stock, valued at approximately $224,000.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MDLZ shares. Barclays upped their price objective 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. Wells Fargo & Company cut their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Stifel Nicolaus upped their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Weiss Ratings restated a “hold (c+)” rating on shares of Mondelez International in a research report on Saturday, September 27th. Finally, Morgan Stanley cut their price objective on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research report on Monday. Fourteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $71.75.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $62.60 on Wednesday. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $72.70. The stock has a market cap of $81.00 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 4.68 and a beta of 0.45. The firm’s fifty day simple moving average is $62.48 and its 200-day simple moving average is $65.53.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion for the quarter, compared to analysts’ expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Analysts expect that Mondelez International, Inc. will post 2.9 earnings per share 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. 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. Mondelez International’s dividend payout ratio is currently 73.26%.

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.