Great Lakes Advisors LLC Takes $5.12 Million Position in Mondelez International, Inc. $MDLZ

Great Lakes Advisors LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 88,462 shares of the company’s stock, valued at approximately $5,117,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Whipplewood Advisors LLC grew its position in shares of Mondelez International by 35.5% during the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock valued at $37,000 after buying an additional 169 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in Mondelez International by 3.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock valued at $292,000 after acquiring an additional 173 shares in the last quarter. Granite Investment Partners LLC lifted its holdings in Mondelez International by 0.6% in the first quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock worth $1,688,000 after purchasing an additional 177 shares during the period. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Mondelez International by 2.1% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company’s stock worth $515,000 after acquiring an additional 179 shares during the period. Finally, Columbia Asset Management boosted its stake in Mondelez International by 1.3% during the 4th quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock valued at $746,000 after purchasing an additional 180 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 2.4%

Mondelez International stock opened at $64.16 on Thursday. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. The firm has a market capitalization of $81.89 billion, a price-to-earnings ratio of 23.59, a P/E/G ratio of 2.55 and a beta of 0.38. The company has a 50 day moving average price of $61.18 and a 200 day moving average price of $60.04.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The company had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Research analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a $0.52 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s dividend payout ratio is currently 73.53%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MDLZ. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Barclays increased their target price on shares of Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. TD Cowen raised their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Weiss Ratings upgraded shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $67.30.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e?commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.