Ascent Group LLC Has $3.17 Million Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Ascent Group LLC increased its holdings in Mondelez International by 56.1%, owning 46,658 shares worth approximately $3.166 million after acquiring 16,768 additional shares in the first quarter.
• Analysts have recently upgraded Mondelez International's ratings, with Wells Fargo raising the price target from $68.00 to $78.00, reflecting positive sentiment as 14 analysts rate it as a Buy.
• Mondelez International announced a quarterly dividend of $0.50 per share, which represents an annualized payment of $2.00, reflecting an increase from its previous dividend of $0.47.

Ascent Group LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 56.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 46,658 shares of the company's stock after purchasing an additional 16,768 shares during the period. Ascent Group LLC's holdings in Mondelez International were worth $3,166,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Abound Financial LLC acquired a new stake in Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Mondelez International in the first quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. increased its position in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares during the last quarter. North Capital Inc. bought a new stake in Mondelez International during the first quarter worth about $31,000. Finally, Orion Capital Management LLC acquired a new position in Mondelez International during the fourth quarter valued at approximately $30,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of MDLZ stock traded down $0.07 during midday trading on Friday, hitting $61.98. 4,853,461 shares of the company were exchanged, compared to its average volume of 6,212,178. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $75.98. The firm has a market capitalization of $80.20 billion, a P/E ratio of 22.70, a PEG ratio of 4.69 and a beta of 0.44. The firm's 50 day moving average price is $64.50 and its two-hundred day moving average price is $65.82. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same period last year, the business posted $0.86 earnings per share. The business's revenue for the quarter was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is currently 73.26%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MDLZ. Piper Sandler upped their price objective on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. UBS Group dropped their price target on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and upped their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Sanford C. Bernstein lifted their price target on Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. 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 MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

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.