Aprio Wealth Management LLC Acquires New Position in Mondelez International, Inc. $MDLZ

Key Points

• Aprio Wealth Management LLC acquired 4,186 shares of Mondelez International, Inc. valued at approximately $284,000 in the first quarter.
• Mondelez International recently reported a net margin of 9.84% and earnings per share of $0.73, exceeding analysts' expectations.
• The company declared an increase in its quarterly dividend to $0.50, representing a 3.3% dividend yield.

Aprio Wealth Management LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,186 shares of the company's stock, valued at approximately $284,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Abound Financial LLC purchased a new stake in shares of Mondelez International during the 1st quarter valued at $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International in the first quarter valued at $26,000. Orion Capital Management LLC acquired a new position in Mondelez International in the fourth quarter valued at $30,000. E Fund Management Hong Kong Co. Ltd. grew its position in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares during the period. Finally, North Capital Inc. acquired a new stake in Mondelez International during the first quarter worth about $31,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on MDLZ shares. Stifel Nicolaus lifted their price objective on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Piper Sandler raised their price target on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Finally, Barclays lifted their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Stock Up 1.0%

Shares of Mondelez International stock traded up $0.63 during trading hours on Tuesday, hitting $62.57. 5,748,491 shares of the company's stock traded hands, compared to its average volume of 8,795,024. The stock has a 50 day simple moving average of $65.05 and a 200-day simple moving average of $65.91. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a market cap of $80.96 billion, a PE ratio of 22.92, a PEG ratio of 4.67 and a beta of 0.44. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same quarter in the previous year, the firm earned $0.86 earnings per share. The business's 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. 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a $0.50 dividend. This is an increase from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's dividend payout ratio is presently 68.86%.

About Mondelez International

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.