Ashton Thomas Private Wealth LLC Has $3.77 Million Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• Ashton Thomas Private Wealth LLC increased its holdings in Mondelez International by 38.6%, acquiring an additional 15,385 shares, bringing their total to 55,232 shares valued at approximately $3.77 million.
• Wall Street analysts are optimistic about Mondelez International, with multiple analysts raising their price targets, including Barclays increasing it from $74.00 to $77.00 and Wells Fargo from $68.00 to $78.00.
• Mondelez International also announced a quarterly dividend increase to $0.50 per share, which represents an annualized dividend of $2.00 and a yield of 3.2%.

Ashton Thomas Private Wealth LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 38.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 55,232 shares of the company's stock after acquiring an additional 15,385 shares during the quarter. Ashton Thomas Private Wealth LLC's holdings in Mondelez International were worth $3,773,000 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 the stock. Abound Financial LLC bought a new position in shares of Mondelez International in the 1st quarter worth about $25,000. Goodman Advisory Group LLC acquired a new stake in Mondelez International during the first quarter worth $26,000. Orion Capital Management LLC acquired a new position in Mondelez International during the 4th quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in 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 worth $30,000 after purchasing an additional 346 shares during the last quarter. Finally, North Capital Inc. acquired a new position in shares of Mondelez International in the 1st quarter valued at approximately $31,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

MDLZ traded down $0.22 during trading on Thursday, reaching $62.05. The company's stock had a trading volume of 6,422,137 shares, compared to its average volume of 6,175,771. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $75.98. 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 firm has a fifty day simple moving average of $64.78 and a two-hundred day simple moving average of $65.87. The company has a market cap of $80.29 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 4.71 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company's quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors 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 annualized dividend and a yield of 3.2%. Mondelez International's payout ratio is presently 68.86%.

Analyst Ratings Changes

MDLZ has been the topic of several research analyst reports. UBS Group reduced their price objective 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. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $68.00 to $78.00 in a research report on Friday, June 20th. Piper Sandler raised their price objective on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Stifel Nicolaus boosted their price objective on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently 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.