Geneos Wealth Management Inc. Has $392,000 Stock Position in Mondelez International, Inc. $MDLZ

Geneos Wealth Management Inc. grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,771 shares of the company’s stock after buying an additional 741 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Mondelez International were worth $392,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDLZ. Brighton Jones LLC boosted its holdings in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares during the period. Bank Pictet & Cie Europe AG boosted its holdings in shares of Mondelez International by 1.1% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company’s stock worth $20,009,000 after buying an additional 3,706 shares during the period. Royal Bank of Canada boosted its holdings in shares of Mondelez International by 5.6% in the fourth quarter. Royal Bank of Canada now owns 4,592,102 shares of the company’s stock worth $274,288,000 after buying an additional 242,056 shares during the period. Shell Asset Management Co. boosted its holdings in shares of Mondelez International by 124.5% in the fourth quarter. Shell Asset Management Co. now owns 7,854 shares of the company’s stock worth $469,000 after buying an additional 4,355 shares during the period. Finally, Toronto Dominion Bank boosted its holdings in shares of Mondelez International by 3.1% in the fourth quarter. Toronto Dominion Bank now owns 758,826 shares of the company’s stock worth $45,325,000 after buying an additional 22,715 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on MDLZ shares. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and raised their target price for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. UBS Group reduced their price target on shares of Mondelez International from $72.00 to $69.00 and set a “neutral” rating for the company in a research report on Thursday, July 31st. Sanford C. Bernstein increased their price target on shares of Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Piper Sandler increased their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. began coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price target for the company. Fourteen research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell 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 $72.00.

Mondelez International Price Performance

Shares of MDLZ opened at $61.98 on Monday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $75.98. The firm has a market cap of $80.20 billion, a PE ratio of 22.70, a PEG ratio of 4.69 and a beta of 0.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The firm’s 50 day moving average price is $64.50 and its 200 day moving average price is $65.85.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter last year, the firm posted $0.86 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

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

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.