Mondelez International, Inc. $MDLZ Stake Raised by Edgar Lomax Co. VA

Key Points

• Edgar Lomax Co. VA has increased its stake in Mondelez International by 3.3%, owning 1,016,365 shares valued at approximately $68.96 million.
• Mondelez International reported a 7.7% increase in revenue year-over-year, totaling $8.98 billion and beating analysts' estimates, with earnings per share of $0.73.
• The company announced a quarterly dividend increase to $0.50 per share, representing a 3.2% dividend yield, payable on October 14th.

Edgar Lomax Co. VA lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,016,365 shares of the company's stock after purchasing an additional 32,325 shares during the period. Mondelez International comprises 4.3% of Edgar Lomax Co. VA's investment portfolio, making the stock its 5th biggest position. Edgar Lomax Co. VA owned about 0.08% of Mondelez International worth $68,960,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Abound Financial LLC purchased a new stake in shares of Mondelez International during the first quarter worth about $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International during the first quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Mondelez International by 376.1% during the first 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 in the last quarter. North Capital Inc. purchased a new stake in Mondelez International during the 1st quarter valued at about $31,000. Finally, Orion Capital Management LLC purchased a new stake in Mondelez International during the 4th quarter valued at about $30,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 0.7%

Shares of MDLZ stock traded up $0.47 during trading hours on Friday, hitting $63.41. The company had a trading volume of 6,390,523 shares, compared to its average volume of 8,941,954. The company's fifty day moving average is $66.41 and its 200 day moving average is $65.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market capitalization of $82.05 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 4.77 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period in the prior year, the business posted $0.86 EPS. The business's revenue for the quarter 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. Research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is currently 68.86%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MDLZ shares. JPMorgan Chase & Co. started coverage on shares of Mondelez International in a research note on Wednesday. They set an "overweight" rating and a $75.00 price objective for the company. Piper Sandler upped their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and upped their price objective for the company from $66.00 to $68.00 in a research note on Thursday, April 24th. UBS Group dropped their price objective on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Finally, Dbs Bank raised shares of 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 assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently 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.