Great Lakes Advisors LLC Purchases Shares of 84,235 Mondelez International, Inc. $MDLZ

Great Lakes Advisors LLC acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 84,235 shares of the company’s stock, valued at approximately $4,872,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Brighton Jones LLC increased its holdings in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after buying an additional 7,025 shares in the last quarter. United Bank boosted its stake in shares of Mondelez International by 13.2% during the 2nd quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after acquiring an additional 3,070 shares in the last quarter. Sei Investments Co. grew its position in shares of Mondelez International by 15.1% during the 2nd quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock valued at $36,924,000 after acquiring an additional 71,667 shares during the period. Osterweis Capital Management Inc. grew its position in shares of Mondelez International by 4,470.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock valued at $92,000 after acquiring an additional 1,341 shares during the period. Finally, Main Street Financial Solutions LLC increased its stake in shares of Mondelez International by 144.9% in the 2nd quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock valued at $532,000 after purchasing an additional 4,668 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. UBS Group upped their price target on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Freedom Capital cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Jefferies Financial Group reaffirmed a “buy” rating and set a $73.00 target price on shares of Mondelez International in a research note on Wednesday, July 29th. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Finally, TD Cowen lifted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $67.30.

Mondelez International Price Performance

Mondelez International stock opened at $64.16 on Thursday. The company has a fifty day simple moving average of $61.18 and a 200-day simple moving average of $60.04. The firm has a market capitalization of $81.89 billion, a price-to-earnings ratio of 23.59, a PEG ratio of 2.55 and a beta of 0.38. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $66.65.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The firm had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, equities analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.52 per share. The ex-dividend date is Wednesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s payout ratio is presently 73.53%.

Mondelez International Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.