CW Advisors LLC Boosts Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• CW Advisors LLC increased its stake in Mondelez International by 32.8%, bringing its total shares to 183,400 valued at approximately $12.43 million.
• Mondelez International reported quarterly earnings of $0.73 per share, exceeding analysts' expectations of $0.68, and had a revenue of $8.98 billion for the quarter.
• The company announced a dividend increase to $0.50 per share, which will be paid on October 14, representing a 3.2% yield for investors.

CW Advisors LLC raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 32.8% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 183,400 shares of the company's stock after purchasing an additional 45,310 shares during the quarter. CW Advisors LLC's holdings in Mondelez International were worth $12,433,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Kingswood Wealth Advisors LLC increased its position in Mondelez International by 15.0% during the 1st quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after purchasing an additional 1,013 shares during the period. Canopy Partners LLC increased its position in Mondelez International by 20.7% during the 1st quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock valued at $1,140,000 after purchasing an additional 2,876 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its position in Mondelez International by 23.6% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after purchasing an additional 8,544 shares during the period. TCW Group Inc. increased its position in Mondelez International by 1.1% during the 1st quarter. TCW Group Inc. now owns 98,444 shares of the company's stock valued at $6,679,000 after purchasing an additional 1,075 shares during the period. Finally, Flagship Harbor Advisors LLC increased its position in Mondelez International by 58.2% during the 1st quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after purchasing an additional 4,002 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.7%

MDLZ stock traded up $0.47 during midday trading on Friday, hitting $63.41. The company's stock had a trading volume of 6,390,624 shares, compared to its average volume of 8,407,607. The company has a market cap of $82.05 billion, a PE ratio of 23.23, a P/E/G ratio of 4.79 and a beta of 0.46. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. 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 50-day moving average is $66.34 and its 200-day moving average is $65.87.

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 (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to analysts' expectations 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 prior year, the firm posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, equities research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share 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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.2%. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is presently 68.86%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research reports. UBS Group decreased their price objective on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. Barclays increased their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and increased their price objective for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Piper Sandler increased their price objective on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Fourteen investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International 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.