Focus Partners Wealth Acquires 72,547 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Focus Partners Wealth increased its stake in Mondelez International by 7.7% in Q1, now holding over 1 million shares valued at approximately $68.8 million following a purchase of 72,547 shares.
• Wall Street analysts have mixed forecasts for Mondelez, with target prices ranging from $69.00 to $78.00, and ratings including 14 "Buy" and one "Sell."
• The company announced a quarterly dividend increase to $0.50, scheduled for payment on October 14th, marking a rise from its previous dividend level and reflecting a yield of 3.2%.

Focus Partners Wealth boosted its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,014,130 shares of the company's stock after purchasing an additional 72,547 shares during the period. Focus Partners Wealth owned approximately 0.08% of Mondelez International worth $68,809,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Integrity Alliance LLC. acquired a new stake in Mondelez International in the first quarter worth approximately $390,000. Ransom Advisory Ltd acquired a new stake in shares of Mondelez International during the 1st quarter valued at $394,000. Ilmarinen Mutual Pension Insurance Co lifted its position in shares of Mondelez International by 66.7% during the 1st quarter. Ilmarinen Mutual Pension Insurance Co now owns 240,000 shares of the company's stock valued at $16,284,000 after acquiring an additional 96,000 shares during the last quarter. SageView Advisory Group LLC lifted its position in shares of Mondelez International by 5.6% during the 1st quarter. SageView Advisory Group LLC now owns 5,648 shares of the company's stock valued at $383,000 after acquiring an additional 297 shares during the last quarter. Finally, Advisory Alpha LLC lifted its position in shares of Mondelez International by 13.0% during the 1st quarter. Advisory Alpha LLC now owns 11,252 shares of the company's stock valued at $763,000 after acquiring an additional 1,295 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.1%

Shares of NASDAQ MDLZ traded down $0.07 during mid-day trading on Friday, reaching $61.98. The company had a trading volume of 4,853,461 shares, compared to its average volume of 6,212,178. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $75.98. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a market capitalization of $80.20 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 4.69 and a beta of 0.44. The stock's 50 day moving average is $64.50 and its 200-day moving average is $65.82.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share 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 the consensus estimate of $8.82 billion. During the same period in the prior year, the business posted $0.86 earnings per share. Mondelez International'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 anticipate 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is currently 73.26%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. UBS Group cut their price objective 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. Piper Sandler increased their price objective on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Finally, 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 research note on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $72.00.

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.