Vaughan Nelson Investment Management L.P. Reduces Holdings in Mondelez International, Inc. $MDLZ

Vaughan Nelson Investment Management L.P. reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 53.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,291,866 shares of the company’s stock after selling 1,507,391 shares during the period. Vaughan Nelson Investment Management L.P. owned approximately 0.10% of Mondelez International worth $87,123,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Abound Financial LLC purchased a new position in Mondelez International during the 1st quarter worth $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Mondelez International in the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock worth $30,000 after acquiring an additional 346 shares during the period. North Capital Inc. acquired a new stake in shares of Mondelez International in the 1st quarter worth $31,000. Finally, Saudi Central Bank acquired a new stake in shares of Mondelez International in the 1st quarter worth $36,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MDLZ. Evercore ISI reduced their target price on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. JPMorgan Chase & Co. began coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 target price for the company. Barclays raised their target price on shares of Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Stifel Nicolaus raised their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Sanford C. Bernstein raised their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Fourteen 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. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $71.80.

Mondelez International Stock Performance

Shares of MDLZ opened at $62.67 on Friday. 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 has a market cap of $81.09 billion, a P/E ratio of 22.96, a PEG ratio of 4.67 and a beta of 0.45. The company has a 50-day moving average of $62.78 and a two-hundred day moving average of $65.55. 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 during the quarter, compared to analysts’ expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 EPS 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. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This is an increase 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%.

Mondelez International 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.