Prime Capital Investment Advisors LLC Has $1.61 Million Stock Position in Mondelez International, Inc. $MDLZ

Prime Capital Investment Advisors LLC decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 23.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 23,839 shares of the company’s stock after selling 7,316 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Mondelez International were worth $1,608,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in shares of Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after buying an additional 13,755,181 shares during the last quarter. Nuveen LLC bought a new position in shares of Mondelez International in the first quarter worth about $866,843,000. Invesco Ltd. increased its stake in shares of Mondelez International by 1.1% in the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock worth $851,327,000 after purchasing an additional 137,604 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock worth $640,964,000 after purchasing an additional 3,454,174 shares during the period. Finally, Bahl & Gaynor Inc. increased its stake in shares of Mondelez International by 1.5% in the first quarter. Bahl & Gaynor Inc. now owns 6,147,235 shares of the company’s stock worth $417,090,000 after purchasing an additional 89,362 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 1.5%

NASDAQ MDLZ 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 stock’s 50 day moving average is $62.41 and its two-hundred day moving average is $65.50. The company has a market capitalization of $79.78 billion, a price-to-earnings ratio of 22.59, a PEG ratio of 4.74 and a beta of 0.45. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $72.70.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. The company 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% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed 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. 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. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is presently 73.26%.

Analysts Set New Price Targets

MDLZ has been the topic of a number of recent analyst reports. Morgan Stanley dropped their price objective on Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a research note on Monday. UBS Group dropped their price objective on Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. initiated coverage on Mondelez International in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price objective on the stock. Barclays lifted their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and boosted their price target for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $71.55.

Mondelez International Company 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.