Mondelez International, Inc. $MDLZ Shares Bought by InTrack Investment Management Inc

InTrack Investment Management Inc boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 93.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 6,690 shares of the company’s stock after buying an additional 3,240 shares during the period. InTrack Investment Management Inc’s holdings in Mondelez International were worth $451,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MDLZ. Brighton Jones LLC boosted its stake in Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares during the last quarter. Wedge Capital Management L L P NC acquired a new position in shares of Mondelez International in the 1st quarter valued at $228,000. Farther Finance Advisors LLC lifted its stake in shares of Mondelez International by 32.2% in the 1st quarter. Farther Finance Advisors LLC now owns 15,926 shares of the company’s stock valued at $1,077,000 after purchasing an additional 3,879 shares during the last quarter. Pallas Capital Advisors LLC lifted its stake in shares of Mondelez International by 15.9% in the 1st quarter. Pallas Capital Advisors LLC now owns 10,567 shares of the company’s stock valued at $717,000 after purchasing an additional 1,452 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in shares of Mondelez International by 9.3% in the 1st quarter. Harbor Capital Advisors Inc. now owns 22,134 shares of the company’s stock valued at $1,502,000 after purchasing an additional 1,876 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $61.66 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $79.78 billion, a PE ratio of 22.59, a P/E/G ratio of 4.74 and a beta of 0.45. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $72.70. The business’s fifty day moving average price is $62.41 and its 200 day moving average price is $65.50.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is currently 73.26%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Evercore ISI decreased their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Sanford C. Bernstein upped their price target on Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. 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 note on Thursday, July 17th. Finally, JPMorgan Chase & Co. started coverage on Mondelez International in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price target on the stock. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $71.55.

Mondelez International Profile

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.