Belmont Capital LLC Acquires New Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Belmont Capital LLC acquired 7,072 shares of Mondelez International, valued at approximately $480,000, marking a significant new investment in the company.
• Analysts have shown a favorable outlook for Mondelez, with fourteen analysts rating the stock as a Buy and an average target price of $72.00.
• The company announced a dividend increase, declaring a quarterly dividend of $0.50 per share, which represents a 3.2% yield based on the latest stock price.

Belmont Capital LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,072 shares of the company's stock, valued at approximately $480,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Hemington Wealth Management grew its stake in shares of Mondelez International by 11.4% in the first quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock valued at $103,000 after acquiring an additional 156 shares in the last quarter. Checchi Capital Advisers LLC grew its stake in shares of Mondelez International by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock valued at $1,083,000 after acquiring an additional 160 shares in the last quarter. Sound Income Strategies LLC grew its stake in shares of Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after acquiring an additional 168 shares in the last quarter. Sage Private Wealth Group LLC lifted its position in Mondelez International by 3.7% during the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock worth $334,000 after purchasing an additional 175 shares during the period. Finally, Verus Financial Partners Inc. lifted its position in Mondelez International by 3.7% during the first quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company's stock worth $340,000 after purchasing an additional 179 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Piper Sandler upped their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Stifel Nicolaus upped their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Finally, Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and upped their price objective for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Fourteen equities 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 stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Price Performance

Shares of MDLZ stock traded up $0.84 on Friday, reaching $61.74. The company had a trading volume of 6,149,476 shares, compared to its average volume of 6,654,479. The stock has a market capitalization of $79.89 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 4.61 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, Inc. has a one year low of $53.95 and a one year high of $76.06. The business's 50-day moving average is $65.16 and its 200 day moving average is $65.88.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $8.98 billion during 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 business's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS 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. Investors of record on Tuesday, September 30th will be issued a $0.50 dividend. This is a boost 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 yield of 3.2%. Mondelez International's dividend payout ratio (DPR) is 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.