First Affirmative Financial Network, an institutional investor, has recently acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ), as indicated in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). This purchase amounts to 3,048 shares of the company’s stock with an approximate value of $222,000.
Mondelez International, a leading global snack food and beverage company, announced its earnings results on Thursday, July 27th. During the quarter, the company reported earnings per share (EPS) of $0.76, surpassing the consensus estimate of $0.69 by $0.07. Additionally, Mondelez International generated revenue of $8.51 billion for the quarter, exceeding analysts’ predictions of $8.22 billion.
Moreover, Mondelez International exhibited a return on equity of 15.49% and a net margin of 12.13%. Comparing this performance to the same quarter last year, the company experienced a substantial revenue growth rate of 17.0%. In the previous year’s comparable period, Mondelez International earned an EPS of $0.67.
Equities research analysts are estimating that Mondelez International will post an EPS of 3.24 for the current fiscal year on average.
These recent developments provide insights into Mondelez International’s financial standing and performance in the market. First Affirmative Financial Network’s acquisition represents their confidence in Mondelez International’s potential for growth and profitability.
For more comprehensive analysis and updates regarding Mondelez International (NASDAQ:MDLZ), readers are encouraged to refer to our latest reports on this topic.
Institutional Investors and Hedge Funds Influence Mondelez International’s Market Standing
In recent months, several hedge funds and institutional investors have altered their positions in Mondelez International, a multinational food conglomerate. Addison Advisors LLC increased its stake in the company by 2.5% during the first quarter. As a result, they now own 5,376 shares of Mondelez stock worth approximately $375,000. MONECO Advisors LLC also raised its position in Mondelez International by 3.2% during the same period. They currently possess 4,275 shares valued at $298,000.
Furthermore, L2 Asset Management LLC capitalized on Mondelez’s potential by raising its holdings by 4.5% in the first quarter to an estimated 3,263 shares worth around $227,000. Another significant player in this shifting landscape is Hancock Whitney Corpincreasing its stake by 2.6%with ownership now totaling 5,553 shares valued at $388,000. Lastly, Tiemann Investment Advisors LLC expanded its holdings by 4.9% during the first quarter and now owns approximately 3,195 shares of Mondelez International with a value of $223,000.
The participation of institutional investors and hedge funds has noticeably influenced Mondelez’s market standingaround 76.16% of the company’s total stock is owned by these entities. Considering all these investments and changes in positions within Mondelez International stockholders’ community, it is vital to analyze how this influences the market price and outlook for the future.
On Friday of September seventeenth this year (2023), MDLZ stock opened at $71.94 per share. Additionally, there are other factors that investors consider when evaluating stocks for investment purposes; two important metrics include moving averages and market capitalization.
The company’s fifty-day moving average price is set at $72.25 while its two hundred-day moving average price stands slightly lower at $72.15. Mondelez International currently has a market capitalization of around $97.87 billionan impressive number that speaks to its significance in the industry.
In terms of valuation, investors should note that Mondelez International maintains a price-to-earnings ratio (P/E ratio) of 23.82, which reveals an interesting dynamic regarding growth prospects. Furthermore, the company’s PEG ratio is calculated as 2.43, indicating potential overvaluation when compared to expected earnings growth.
Mondelez International is no stranger to volatilitya common theme among companies operating in the current market landscape. While it achieved a fifty-two week low of $54.72, it also saw highs reaching $78.59 in the same perioda wide range that reflects fluctuations inherent to the industry.
Analyzing financial stability ratios can provide insights into how well a company manages its resources and handles debt obligationstwo essential factors for potential investors to consider. The debt-to-equity ratio for Mondelez International stands at 0.63, which suggests relatively balanced leverage between creditors and shareholders.
Additionally, Mondelez possesses liquidity measures such as quick and current ratios that help assess its ability to fulfill short-term obligations. With a quick ratio of 0.43 and a current ratio of 0.65, the company shows limited liquiditypossibly contributing to some investment concerns.
Another crucial piece of information for potential investors involves dividendsa consideration tied directly to shareholder returns and distributions of profits from companies’ earnings. Recently, Mondelez International declared a quarterly dividend scheduled for payment on Friday, October thirteenth.
Those shareholders who appeared on record by Friday, September twenty-ninth will receive a dividend worth $0.425 per sharean increase compared to the previous quarter’s payout of $0.39 per share calculated on an annualized basisa difference suggesting growing optimism towards future returns.Moving forward with this trend, Mondelez International’s dividend currently yields 2.36%attractive to those seeking income-based investment opportunities.
Various equities research analysts have shared their perspectives on Mondelez International’s stock performances and potential outlook in recent reports. Barclays, for instance, raised its price target for the company from $80.00 to $82.00 in a research report on Monday, July thirty-firstreaffirming an “overweight” rating.
Piper Sandler also shared an optimistic view by increasing the target price from $82.00 to $83.00 in its analysis dated Friday, July twenty-eighthkeeping the “overweight” rating intact. TD Cowen initiated coverage of Mondelez International offering an “outperform” rating accompanied by a price target of $82.00 per share.
Lastly, Morgan Stanley revised its target price upwards from $79.00 to $82.00 and maintained an “overweight” ratinga significant endorsement coming from a reputable institution.
The continued attention given to Mondelez International by financial analysts drives interest in the stock as five analysts hold a “hold” rating while eleven advise buying shares at the current time.The consensus among experts relating to Mondelez International is already quite favorable; according to Bloomberg