Lakeside Advisors INC. Has $355,000 Holdings in Mondelez International, Inc. $MDLZ

Lakeside Advisors INC. lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.7% in the second quarter, Holdings Channel reports. The firm owned 5,263 shares of the company’s stock after selling 200 shares during the quarter. Lakeside Advisors INC.’s holdings in Mondelez International were worth $355,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MDLZ. Wells Fargo & Company decreased their target price on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research report on Thursday, September 25th. Piper Sandler lifted their target price on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Mondelez International in a research report on Saturday, September 27th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research report on Friday, August 1st. Finally, UBS Group decreased their target price on Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a research report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $71.75.

Mondelez International Stock Performance

Mondelez International stock opened at $62.60 on Wednesday. The business has a 50 day moving average of $62.48 and a 200-day moving average of $65.53. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $72.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The company has a market capitalization of $81.00 billion, a P/E ratio of 22.93, a P/E/G ratio of 4.68 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last released 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. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the firm posted $0.86 earnings per share. The firm’s revenue was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

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