Apollon Wealth Management LLC Boosts Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Apollon Wealth Management LLC increased its holdings in Mondelez International by 5.0% during the 2nd quarter, now owning 113,581 shares valued at approximately $7.66 million.
• Mondelez International announced a quarterly dividend increase to $0.50 per share, up from $0.47, with a dividend yield of 3.3%.
• The company recently reported $7.30 billion in revenue for the last quarter, with a forecasted EPS of 2.9 for the current year.

Apollon Wealth Management LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,581 shares of the company's stock after buying an additional 5,375 shares during the period. Apollon Wealth Management LLC's holdings in Mondelez International were worth $7,660,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Hemington Wealth Management grew its stake in shares of Mondelez International by 11.4% in the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock valued at $103,000 after buying an additional 156 shares during the period. Checchi Capital Advisers LLC boosted its position in shares of Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after purchasing an additional 160 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company's stock worth $41,000 after purchasing an additional 163 shares during the period. Sound Income Strategies LLC boosted its position in shares of Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after purchasing an additional 168 shares during the period. Finally, Enterprise Bank & Trust Co lifted its holdings in Mondelez International by 0.7% during the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company's stock worth $1,616,000 after buying an additional 170 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 0.7%

Shares of Mondelez International stock opened at $61.45 on Friday. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $72.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The company has a market capitalization of $79.51 billion, a P/E ratio of 22.51, a PEG ratio of 4.62 and a beta of 0.45. The company's fifty day moving average is $62.28 and its two-hundred day moving average is $65.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $7.30 billion for the quarter. Analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders 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 of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. Mondelez International's dividend payout ratio (DPR) is currently 73.26%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MDLZ. Piper Sandler increased their target price on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Stifel Nicolaus raised their price objective on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Weiss Ratings restated a "hold (c+)" rating on shares of Mondelez International in a report on Saturday, September 27th. Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and raised their price objective for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Wells Fargo & Company reduced their price objective on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a report on Thursday, September 25th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $71.55.

Mondelez International 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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