Avanza Fonder AB Raises Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Avanza Fonder AB increased its stake in Mondelez International by 7.5%, acquiring an additional 9,027 shares during the second quarter, bringing its total holdings to 130,008 shares worth approximately $8.77 million.
• Mondelez International declared a quarterly dividend of $0.50 per share, an increase from the previous dividend of $0.47, providing a yield of 3.1% for shareholders of record.
• Mondelez reported strong earnings for the recent quarter, with an EPS of $0.73, exceeding analysts' expectations, and achieving a quarterly revenue of $8.98 billion—up 7.7% year-over-year.

Avanza Fonder AB raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 130,008 shares of the company's stock after purchasing an additional 9,027 shares during the quarter. Avanza Fonder AB's holdings in Mondelez International were worth $8,768,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hemington Wealth Management lifted its stake in shares of Mondelez International by 11.4% during the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock worth $103,000 after acquiring an additional 156 shares during the last quarter. Checchi Capital Advisers LLC increased its holdings in shares of Mondelez International by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock valued at $1,083,000 after acquiring an additional 160 shares during the period. Sound Income Strategies LLC increased its holdings in shares of Mondelez International by 11.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after acquiring an additional 168 shares during the period. Enterprise Bank & Trust Co increased its holdings in shares of Mondelez International by 0.7% in the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company's stock valued at $1,616,000 after acquiring an additional 170 shares during the period. Finally, Sage Private Wealth Group LLC grew its stake in Mondelez International by 3.7% during the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock worth $334,000 after buying an additional 175 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Analyst Ratings Changes

MDLZ has been the subject of a number of research reports. JPMorgan Chase & Co. assumed coverage on Mondelez International in a research report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price target for the company. Stifel Nicolaus upped their price target on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Piper Sandler upped their price target on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Fourteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Price Performance

NASDAQ:MDLZ traded up $0.46 during trading hours on Friday, hitting $63.71. 17,133,815 shares of the stock were exchanged, compared to its average volume of 6,962,197. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The firm's fifty day moving average price is $64.02 and its 200 day moving average price is $65.75. The company has a market cap of $82.44 billion, a P/E ratio of 23.34, a P/E/G ratio of 4.82 and a beta of 0.44. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $75.49.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. During the same period in the prior year, the firm posted $0.86 earnings per share. The firm's quarterly revenue was up 7.7% on a year-over-year basis. 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 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm 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 $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.1%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's dividend payout ratio 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.