Great Lakes Advisors LLC Takes Position in Mondelez International, Inc. $MDLZ

Great Lakes Advisors LLC bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, Holdings Channel reports. The fund bought 1,285,283 shares of the company’s stock, valued at approximately $74,341,000.

Other institutional investors also recently modified their holdings of the company. Main Street Financial Solutions LLC purchased a new position in Mondelez International during the 2nd quarter valued at about $439,000. Meeder Advisory Services Inc. grew its holdings in Mondelez International by 5.8% in the second quarter. Meeder Advisory Services Inc. now owns 38,311 shares of the company’s stock worth $2,216,000 after purchasing an additional 2,090 shares during the period. Quent Capital LLC grew its holdings in Mondelez International by 28.7% in the second quarter. Quent Capital LLC now owns 8,163 shares of the company’s stock worth $472,000 after purchasing an additional 1,818 shares during the period. Paragon Financial Partners Inc. increased its stake in shares of Mondelez International by 5.2% during the second quarter. Paragon Financial Partners Inc. now owns 4,830 shares of the company’s stock valued at $301,000 after purchasing an additional 238 shares in the last quarter. Finally, Deutsche Bank AG increased its stake in shares of Mondelez International by 1.1% during the second quarter. Deutsche Bank AG now owns 13,016,006 shares of the company’s stock valued at $752,846,000 after purchasing an additional 140,351 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Freedom Capital lowered 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 price objective on shares of Mondelez International in a research report on Wednesday, July 29th. Weiss Ratings upgraded Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Finally, Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $67.30.

Mondelez International Trading Up 2.4%

NASDAQ:MDLZ opened at $64.16 on Thursday. The stock has a market cap 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. The company’s 50 day moving average price is $61.18 and its 200-day moving average price is $60.04. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65.

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

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be paid a $0.52 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Wednesday, September 30th. Mondelez International’s dividend payout ratio (DPR) 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.