Mattern Capital Management LLC Boosts Holdings in Mondelez International, Inc. $MDLZ

Mattern Capital Management LLC increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 123,774 shares of the company’s stock after buying an additional 852 shares during the period. Mattern Capital Management LLC’s holdings in Mondelez International were worth $8,347,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cromwell Holdings LLC raised its position in shares of Mondelez International by 14.7% in the second quarter. Cromwell Holdings LLC now owns 4,231 shares of the company’s stock valued at $287,000 after purchasing an additional 542 shares during the period. Hilltop National Bank bought a new stake in shares of Mondelez International in the second quarter valued at approximately $124,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Mondelez International by 7.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 450,597 shares of the company’s stock valued at $30,388,000 after purchasing an additional 31,533 shares during the period. ASR Vermogensbeheer N.V. raised its position in shares of Mondelez International by 3.9% in the second quarter. ASR Vermogensbeheer N.V. now owns 129,776 shares of the company’s stock valued at $8,752,000 after purchasing an additional 4,834 shares during the period. Finally, Pure Financial Advisors LLC raised its position in shares of Mondelez International by 46.3% in the second quarter. Pure Financial Advisors LLC now owns 8,193 shares of the company’s stock valued at $553,000 after purchasing an additional 2,592 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on MDLZ. Stifel Nicolaus boosted their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Piper Sandler raised their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. 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 report on Wednesday, July 30th. UBS Group cut their price objective 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. Finally, Wells Fargo & Company cut their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Fourteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $71.80.

Mondelez International Trading Down 2.2%

Shares of Mondelez International stock opened at $61.78 on Friday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $72.70. The firm has a market cap of $79.94 billion, a PE ratio of 22.63, a PEG ratio of 4.78 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The company has a 50 day simple moving average of $62.93 and a two-hundred day simple moving average of $65.56.

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, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period in the previous year, the business posted $0.86 earnings per share. Mondelez International’s revenue for the quarter was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio is currently 73.26%.

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.