Strs Ohio Buys Shares of 413,328 Mondelez International, Inc. $MDLZ

Strs Ohio bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 1st quarter, Holdings Channel reports. The firm bought 413,328 shares of the company’s stock, valued at approximately $28,044,000.

Several other large investors have also modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its position in shares of Mondelez International by 90.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after buying an additional 13,755,181 shares during the period. Nuveen LLC purchased a new position in shares of Mondelez International during the first quarter valued at approximately $866,843,000. Invesco Ltd. boosted its position in shares of Mondelez International by 1.1% during the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock valued at $851,327,000 after buying an additional 137,604 shares during the period. Goldman Sachs Group Inc. boosted its holdings 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 valued at $640,964,000 after purchasing an additional 3,454,174 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Mondelez International by 0.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,925,129 shares of the company’s stock valued at $533,098,000 after purchasing an additional 46,658 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of research reports. Barclays boosted their price target on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Sanford C. Bernstein boosted their price target on Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a report on Friday, August 1st. 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 report on Thursday, July 17th. Finally, Stifel Nicolaus boosted their price target on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Fourteen equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $72.00.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $62.05 on Friday. The company has a market capitalization of $80.29 billion, a price-to-earnings ratio of 22.73, a price-to-earnings-growth ratio of 4.71 and a beta of 0.44. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $75.98. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The firm has a 50 day moving average of $64.64 and a 200 day moving average of $65.84.

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

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International’s payout ratio is presently 68.86%.

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.