Investmark Advisory Group LLC Buys New Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Investmark Advisory Group LLC acquired 7,710 shares of Mondelez International, valued at approximately $523,000, signaling confidence in the company's future.
• Analysts have increased their price targets for Mondelez International, with projections ranging from $72.00 to $88.00, indicating a generally positive outlook.
• The company announced a quarterly dividend increase to $0.50 per share, reflecting a commitment to returning value to shareholders.

Investmark Advisory Group LLC bought 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 and Exchange Commission (SEC). The fund bought 7,710 shares of the company's stock, valued at approximately $523,000.

Several other hedge funds have also recently made changes to their positions in the company. Abound Financial LLC purchased a new position in shares of Mondelez International in the first quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International during the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Mondelez International by 376.1% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the period. North Capital Inc. bought a new stake in shares of Mondelez International during the 1st quarter valued at $31,000. Finally, Orion Capital Management LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at $30,000. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on MDLZ shares. Sanford C. Bernstein boosted their price objective on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Piper Sandler boosted their price objective on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Barclays boosted their price objective on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, UBS Group decreased their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Price Performance

Shares of Mondelez International stock traded up $0.20 during trading on Monday, hitting $61.94. 6,539,604 shares of the stock traded hands, compared to its average volume of 6,640,979. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The stock has a market cap of $80.15 billion, a price-to-earnings ratio of 22.69, a PEG ratio of 4.67 and a beta of 0.44. The firm's fifty day moving average is $65.16 and its 200-day moving average is $65.93. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company's revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is currently 68.86%.

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.