Sunbeam Capital Management LLC Buys Shares of 2,988 Mondelez International, Inc. $MDLZ

Sunbeam Capital Management LLC bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,988 shares of the company’s stock, valued at approximately $203,000.

Several other hedge funds have also recently added to or reduced their stakes 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 valued at $874,000 after acquiring an additional 7,025 shares in the last quarter. Vest Financial LLC raised its stake in Mondelez International by 73.5% during the 1st quarter. Vest Financial LLC now owns 13,172 shares of the company’s stock valued at $894,000 after acquiring an additional 5,581 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Mondelez International during the 1st quarter valued at $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 valued at $914,000 after acquiring an additional 1,196 shares in the last quarter. Finally, Wedge Capital Management L L P NC bought a new stake in Mondelez International during the 1st quarter valued at $228,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on MDLZ. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a research note on Thursday, October 2nd. Wells Fargo & Company dropped their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note on Thursday, September 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Mondelez International in a research note on Saturday, September 27th. Stifel Nicolaus boosted their price objective on Mondelez International from $73.00 to $76.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Finally, UBS Group dropped their price objective on Mondelez International from $72.00 to $69.00 and set a “neutral” rating on the stock in a research note on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.75.

Mondelez International Stock Down 1.4%

Shares of Mondelez International stock opened at $61.78 on Tuesday. The stock’s fifty day moving average is $62.62 and its 200-day moving average is $65.55. The firm has a market capitalization of $79.94 billion, a PE ratio of 22.63, a price-to-earnings-growth ratio of 4.74 and a beta of 0.45. 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, Inc. has a 12-month low of $53.95 and a 12-month high of $72.70.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $8.98 billion for 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 revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $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 year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost 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 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.