Aptus Capital Advisors LLC Increases Stake in Mondelez International, Inc. $MDLZ

Key Points

• Aptus Capital Advisors LLC increased its stake in Mondelez International by 18.5%, now owning 48,862 shares worth approximately $3.3 million.
• Mondelez International reported earnings of $0.73 per share, exceeding the consensus estimate of $0.68, along with quarterly revenue of $8.98 billion, which was above the forecast of $8.82 billion.
• The company announced a dividend increase to $0.50 per share, raising its annualized dividend to $2.00, representing a 3.2% dividend yield.

Aptus Capital Advisors LLC grew its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 18.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 48,862 shares of the company's stock after acquiring an additional 7,642 shares during the quarter. Aptus Capital Advisors LLC's holdings in Mondelez International were worth $3,315,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Brighton Jones LLC raised its stake in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after acquiring an additional 7,025 shares during the period. Bank Pictet & Cie Europe AG raised its stake in shares of Mondelez International by 1.1% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after acquiring an additional 3,706 shares during the period. XTX Topco Ltd purchased a new stake in shares of Mondelez International in the fourth quarter valued at $352,000. Transce3nd LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at $30,000. Finally, State of Tennessee Department of Treasury raised its stake in shares of Mondelez International by 3.5% in the fourth quarter. State of Tennessee Department of Treasury now owns 606,299 shares of the company's stock valued at $36,214,000 after acquiring an additional 20,555 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

MDLZ stock opened at $62.66 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The business has a 50-day moving average price of $66.59 and a 200 day moving average price of $65.68. The company has a market capitalization of $81.08 billion, a P/E ratio of 22.95, a PEG ratio of 4.67 and a beta of 0.46. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS 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. The ex-dividend date is Tuesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International's dividend payout ratio is presently 68.86%.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent analyst reports. Barclays boosted their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and boosted their target price for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Morgan Stanley boosted their target price on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Fourteen investment 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. According to MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and an average price target of $71.95.

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.

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