4,596 Shares in Mondelez International, Inc. $MDLZ Purchased by Inspire Investing LLC

Inspire Investing LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,596 shares of the company’s stock, valued at approximately $312,000.

Several other institutional investors also recently added to or reduced their stakes in MDLZ. Abound Financial LLC purchased a new position in Mondelez International in the 1st quarter worth about $25,000. Goodman Advisory Group LLC bought a new position in Mondelez International during the 1st quarter worth about $26,000. Orion Capital Management LLC bought a new position in Mondelez International during the 4th quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Mondelez International by 376.1% during 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 in the last quarter. Finally, North Capital Inc. bought a new position in Mondelez International during the 1st quarter worth about $31,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock opened at $63.25 on Friday. The company’s fifty day moving average price is $64.09 and its 200 day moving average price is $65.77. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $75.49. The stock has a market capitalization of $81.84 billion, a P/E ratio of 23.17, a P/E/G ratio of 4.75 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.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (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 firm had revenue of $8.98 billion for the quarter, compared to analysts’ expectations of $8.82 billion. During the same quarter last year, the company earned $0.86 EPS. The firm’s revenue for the quarter 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, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share 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 paid a dividend of $0.50 per share. 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. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio is presently 68.86%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MDLZ shares. Jefferies Financial Group upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and increased their target price for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Sanford C. Bernstein raised their price target on shares of Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Wells Fargo & Company upgraded shares of Mondelez International from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $68.00 to $78.00 in a report on Friday, June 20th. Stifel Nicolaus raised their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. started coverage on shares of Mondelez International in a report on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price target on the stock. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $72.00.

Mondelez International Company 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.