5,351 Shares in Mondelez International, Inc. $MDLZ Purchased by Modern Wealth Management LLC

Key Points

• Modern Wealth Management LLC has purchased 5,351 shares of Mondelez International, valued at approximately $363,000, during the first quarter.
• Mondelez International recently announced an increase in its quarterly dividend to $0.50 per share, representing an annualized dividend of $2.00 with a yield of 3.2%.
• The company reported quarterly earnings of $0.73 per share, exceeding expectations and contributing to a revenue of $8.98 billion, up 7.7% year-over-year.

Modern Wealth Management LLC bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,351 shares of the company's stock, valued at approximately $363,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Jones Financial Companies Lllp increased its stake in shares of Mondelez International by 25.3% during the first quarter. Jones Financial Companies Lllp now owns 506,817 shares of the company's stock valued at $34,349,000 after purchasing an additional 102,290 shares in the last quarter. Vista Cima Wealth Management LLC bought a new position in shares of Mondelez International during the first quarter valued at approximately $267,000. Strs Ohio bought a new position in shares of Mondelez International during the first quarter valued at approximately $28,044,000. Intrua Financial LLC increased its stake in shares of Mondelez International by 13.4% during the first quarter. Intrua Financial LLC now owns 4,658 shares of the company's stock valued at $316,000 after purchasing an additional 552 shares in the last quarter. Finally, Jacobi Capital Management LLC increased its stake in shares of Mondelez International by 15.0% during the first quarter. Jacobi Capital Management LLC now owns 15,296 shares of the company's stock valued at $1,038,000 after purchasing an additional 1,996 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Down 0.1%

Shares of Mondelez International stock opened at $61.98 on Monday. The company's fifty day simple moving average is $64.50 and its 200-day simple moving average is $65.85. The stock has a market capitalization of $80.20 billion, a PE ratio of 22.70, a P/E/G ratio of 4.69 and a beta of 0.44. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $75.98. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

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 for the quarter, topping the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company's revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date 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 presently 68.86%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. 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 research report on Wednesday, July 30th. 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 research report on Wednesday, July 30th. UBS Group reduced their price target 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. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price target for the company. Fourteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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.

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