DRW Securities LLC Buys 14,336 Shares of Mondelez International, Inc. $MDLZ

Key Points

• DRW Securities LLC increased its stake in Mondelez International by 392.9%, acquiring a total of 17,985 shares worth approximately $1,220,000.
• Mondelez International reported a quarterly earnings per share of $0.73, exceeding analysts' expectations, and recorded a revenue increase of 7.7% year-over-year.
• The company has declared an increased quarterly dividend of $0.50 per share, representing an annualized dividend of $2.00 and a yield of 3.3%.

DRW Securities LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 392.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 17,985 shares of the company's stock after acquiring an additional 14,336 shares during the quarter. DRW Securities LLC's holdings in Mondelez International were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the company. Twin Tree Management LP boosted its holdings in Mondelez International by 630.6% during the 1st quarter. Twin Tree Management LP now owns 239,706 shares of the company's stock worth $16,264,000 after acquiring an additional 206,895 shares during the last quarter. Baird Financial Group Inc. boosted its holdings in shares of Mondelez International by 1.5% in the 1st quarter. Baird Financial Group Inc. now owns 403,158 shares of the company's stock worth $27,354,000 after buying an additional 5,815 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its holdings in shares of Mondelez International by 8.5% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 4,861 shares of the company's stock worth $330,000 after buying an additional 379 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of Mondelez International by 587.8% in the 1st quarter. Vident Advisory LLC now owns 242,384 shares of the company's stock worth $16,446,000 after buying an additional 207,143 shares during the last quarter. Finally, Evergreen Capital Management LLC boosted its holdings in shares of Mondelez International by 29.7% in the 1st quarter. Evergreen Capital Management LLC now owns 14,348 shares of the company's stock worth $980,000 after buying an additional 3,288 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target on the stock. Sanford C. Bernstein boosted their price target on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Barclays boosted their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Finally, Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and boosted their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Fourteen research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and a consensus target price of $72.00.

Mondelez International Stock Performance

Mondelez International stock traded down $0.49 during midday trading on Wednesday, reaching $61.30. The stock had a trading volume of 10,566,617 shares, compared to its average volume of 6,648,016. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The firm's 50-day moving average price is $65.42 and its 200 day moving average price is $65.88. The firm has a market capitalization of $79.32 billion, a PE ratio of 22.45, a P/E/G ratio of 4.65 and a beta of 0.44. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (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 business had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. During the same period in the previous year, the business posted $0.86 EPS. The firm's quarterly revenue 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, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) 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.