Canopy Partners LLC Has $1.23 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Canopy Partners LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,284 shares of the company’s stock after purchasing an additional 1,484 shares during the quarter. Canopy Partners LLC’s holdings in Mondelez International were worth $1,233,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Brighton Jones LLC raised its stake in Mondelez International by 92.4% during the 4th 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 period. Sivia Capital Partners LLC acquired a new position in Mondelez International during the 1st quarter worth approximately $212,000. OLD National Bancorp IN raised its stake in Mondelez International by 9.7% during the 1st quarter. OLD National Bancorp IN now owns 13,470 shares of the company’s stock worth $914,000 after buying an additional 1,196 shares during the period. Wedge Capital Management L L P NC acquired a new position in Mondelez International during the 1st quarter worth approximately $228,000. Finally, Capital Investment Advisors LLC raised its stake in Mondelez International by 4.5% during the 1st quarter. Capital Investment Advisors LLC now owns 14,717 shares of the company’s stock worth $999,000 after buying an additional 637 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on MDLZ. Morgan Stanley dropped their price target on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday. Sanford C. Bernstein upped their price target on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. JPMorgan Chase & Co. assumed coverage on Mondelez International in a research note on Wednesday, August 20th. They set an “overweight” rating and a $75.00 price target on the stock. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Finally, UBS Group lowered their price objective on 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, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average price target of $71.75.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $62.60 on Wednesday. The company 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. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $72.70. The business has a 50 day moving average price of $62.48 and a 200-day moving average price of $65.53. 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 (NASDAQ:MDLZ) last released its earnings results 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 company had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.Mondelez International’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm 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 a boost 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 of this dividend is Tuesday, September 30th. 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.