Exchange Traded Concepts LLC Raises Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Exchange Traded Concepts LLC significantly increased its stake in Mondelez International, boosting its shares by 1,238.7% during the 2nd quarter, bringing its total holdings to 206,357 shares valued at approximately $13.9 million.
• Mondelez International recently reported a quarterly EPS of $0.73, exceeding analysts' expectations, with revenues of $8.98 billion reflecting a 7.7% year-over-year increase.
• The company announced a dividend increase to $0.50 per share, effective October 14th, up from the previous $0.47, indicating a commitment to returning value to shareholders.

Exchange Traded Concepts LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1,238.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 206,357 shares of the company's stock after buying an additional 190,942 shares during the quarter. Exchange Traded Concepts LLC's holdings in Mondelez International were worth $13,917,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Fulton Bank N.A. lifted its holdings in Mondelez International by 9.9% in the 2nd quarter. Fulton Bank N.A. now owns 5,132 shares of the company's stock worth $346,000 after buying an additional 461 shares during the period. NorthCrest Asset Manangement LLC lifted its holdings in Mondelez International by 1.5% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 38,589 shares of the company's stock worth $2,662,000 after buying an additional 584 shares during the period. Community Trust & Investment Co. lifted its holdings in Mondelez International by 1.7% in the 2nd quarter. Community Trust & Investment Co. now owns 168,031 shares of the company's stock worth $11,332,000 after buying an additional 2,744 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Mondelez International by 18.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 590,650 shares of the company's stock worth $40,749,000 after buying an additional 92,882 shares during the period. Finally, Atticus Wealth Management LLC lifted its holdings in Mondelez International by 57.9% in the 2nd quarter. Atticus Wealth Management LLC now owns 1,050 shares of the company's stock worth $71,000 after buying an additional 385 shares during the period. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Stock Down 0.3%

MDLZ stock traded down $0.21 on Monday, reaching $63.50. 7,357,807 shares of the company traded hands, compared to its average volume of 6,962,197. The firm has a fifty day simple moving average of $63.94 and a 200-day simple moving average of $65.72. 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 one year low of $53.95 and a one year high of $75.11. The company has a market cap of $82.17 billion, a P/E ratio of 23.26, a price-to-earnings-growth ratio of 4.82 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating the consensus estimate 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 the consensus estimate of $8.82 billion. During the same period last year, the business posted $0.86 EPS. The company's 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. Research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.1%. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is 68.86%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on MDLZ. Piper Sandler increased their target price on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. UBS Group decreased their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research report on Thursday, July 31st. Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and increased their target price for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Stifel Nicolaus increased their target price on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Barclays increased their target price on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Mondelez International currently has an average 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.