Axxcess Wealth Management LLC Invests $2.51 Million in Mondelez International, Inc. $MDLZ

Key Points

• Axxcess Wealth Management purchased 43,332 Mondelez shares worth approximately $2.51 million in the second quarter, while institutional investors collectively own 78.32% of the stock.
• Analysts maintain a positive outlook, with Mondelez holding a consensus “Moderate Buy” rating and an average price target of $67.30; several firms recently raised their targets.
• Mondelez exceeded quarterly expectations, reporting $0.73 in EPS and $9.36 billion in revenue, up 4.1% year over year. The company also pays a quarterly dividend of $0.50 per share, representing a 3.1% annualized yield.

Axxcess Wealth Management LLC purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 43,332 shares of the company's stock, valued at approximately $2,506,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Angeles Wealth Management LLC purchased a new stake in Mondelez International in the second quarter worth $232,000. Iowa State Bank raised its stake in shares of Mondelez International by 1.3% in the second quarter. Iowa State Bank now owns 30,307 shares of the company's stock valued at $1,753,000 after buying an additional 402 shares during the period. Baldwin Investment Management LLC lifted its position in shares of Mondelez International by 20.5% during the 2nd quarter. Baldwin Investment Management LLC now owns 23,539 shares of the company's stock valued at $1,361,000 after buying an additional 4,006 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its position in shares of Mondelez International by 12.5% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 1,985 shares of the company's stock valued at $115,000 after buying an additional 221 shares during the last quarter. Finally, Bull Street Advisors LLC grew its stake in shares of Mondelez International by 0.7% during the 2nd quarter. Bull Street Advisors LLC now owns 44,188 shares of the company's stock worth $2,556,000 after acquiring an additional 313 shares during the period. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MDLZ shares. Morgan Stanley restated an "overweight" rating on shares of Mondelez International in a research note on Friday, May 29th. UBS Group increased their target price on shares of Mondelez International from $62.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 29th. Weiss Ratings upgraded shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research note on Monday, August 3rd. JPMorgan Chase & Co. boosted their price target on shares of Mondelez International from $70.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Finally, BNP Paribas Exane upped their price target on shares of Mondelez International from $68.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.30.

Mondelez International Stock Up 0.1%

Shares of Mondelez International stock opened at $63.61 on Friday. The company has a market cap of $81.19 billion, a P/E ratio of 23.39, a PEG ratio of 2.58 and a beta of 0.38. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The company's fifty day simple moving average is $61.17 and its two-hundred day simple moving average is $59.92. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The firm had revenue of $9.36 billion for the quarter, compared to analysts' expectations of $9.21 billion. During the same period in the previous year, the firm posted $0.73 EPS. The business's revenue for the quarter was up 4.1% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Research analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Mondelez International's payout ratio is currently 73.53%.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company's product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.

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