Choreo LLC acquires 30,161 shares of Mondelez International, Inc. (NASDAQ:MDLZ)

VaselineSeptember 11, 2024

0 4 minutes read

Choreo LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 195.8% during the second quarter, Holdings Channel reports. The fund owned 45,568 shares of the company’s stock after purchasing an additional 30,161 shares during the quarter. Choreo LLC’s holdings in Mondelez International were worth $2,974,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the company. Quest Partners LLC boosted its stake in Mondelez International by 121.6% in the second quarter. Quest Partners LLC now owns 24,513 shares of the company’s stock valued at $1,604,000 after buying an additional 13,450 shares during the last quarter. DDFG Inc bought a new position in Mondelez International in the second quarter valued at about $267,000. Oak Thistle LLC boosted its stake in Mondelez International by 4.4% in the second quarter. Oak Thistle LLC now owns 9,855 shares of the company’s stock valued at $645,000 after buying an additional 415 shares in the last quarter. Morton Community Bank boosted its holdings in Mondelez International by 5.3% in the second quarter. Morton Community Bank now owns 45,036 shares of the company’s stock worth $2,947,000 after acquiring an additional 2,260 shares in the last quarter. Finally, Waddell & Associates LLC grew its stake in Mondelez International by 3.8% in the second quarter. Waddell & Associates LLC now owns 4,732 shares of the company’s stock worth $310,000 after purchasing an additional 172 shares during the last quarter. 78.32% of shares are currently owned by institutional investors.

Performance of Mondelez International Shares

Shares of NASDAQ MDLZ opened at $75.13 on Wednesday. Mondelez International, Inc. it has a 12-month low of $60.75 and a 12-month high of $77.20. The firm has a market cap of $100.78 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.50, and a debt-to-equity ratio of 0.58. The firm has a 50-day moving average of $69.23 and a 200-day moving average of $69.30.

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Mondelez International (NASDAQ:MDLZ – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. In the same quarter last year, the firm posted EPS of $0.76. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, research analysts anticipate that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International raises dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be given a $0.47 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30. This represents a dividend of $1.88 on an annualized basis and a yield of 2.50%. Mondelez International’s dividend yield is currently 59.68%.

The Wall Street analyst weighs in

MDLZ has been the subject of several analyst reports. DA Davidson decreased their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Stifel Nicolaus cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. Barclays reduced their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Finally, Piper Sandler cut their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.61, based on data from MarketBeat.

Read our latest analysis of Mondelez International

Mondelez International Profile

(Free Report)

Mondelez International, Inc., through its subsidiaries, manufactures, markets and sells snack foods and beverages in Latin America, North America, Asia, the Middle East, Africa and Europe. Offers baked cookies and snacks, including cookies, crackers, savory snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheeses and powdered food and beverage products.