Mondelez International, Inc. $MDLZ Shares Purchased by Exchange Traded Concepts LLC

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 lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1,238.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor 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.

A number of other hedge funds and other institutional investors have also modified their holdings of MDLZ. Abound Financial LLC purchased a new stake in Mondelez International in the first quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International in the first quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new stake in Mondelez International in the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. grew its holdings in Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the period. Finally, North Capital Inc. purchased a new stake in Mondelez International in the first quarter valued at approximately $31,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.7%

Shares of NASDAQ MDLZ traded up $0.46 during trading on Friday, reaching $63.71. 17,133,815 shares of the stock were exchanged, compared to its average volume of 6,425,033. The business's 50-day moving average price is $64.02 and its 200 day moving average price is $65.76. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $75.49. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $82.44 billion, a price-to-earnings ratio of 23.34, a price-to-earnings-growth ratio of 4.79 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. 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 company posted $0.86 earnings per share. 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. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Mondelez International's dividend payout ratio is presently 68.86%.

Analysts Set New Price Targets

A number of research firms recently issued reports on MDLZ. UBS Group lowered their target price on shares of Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on shares of Mondelez International in a report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 target price for the company. Sanford C. Bernstein boosted their target price on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. Finally, Jefferies Financial Group upgraded shares of Mondelez International from a "hold" rating to a "buy" rating and boosted their target price for the company from $66.00 to $78.00 in a report on Thursday, July 17th. Fourteen equities research 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's stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average price target 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.