HB Wealth Management LLC Purchases 15,423 Shares of Mondelez International, Inc. $MDLZ

Key Points

• HB Wealth Management LLC increased its ownership in Mondelez International by 12.8%, acquiring an additional 15,423 shares, bringing its total holdings to 136,167 shares valued at approximately $9.2 million.
• Mondelez International reported Q2 earnings of $0.73 per share, exceeding analysts' expectations and achieving a revenue of $8.98 billion, a 7.7% increase from the previous year.
• The company has increased its quarterly dividend to $0.50 per share, reflecting a 3.2% yield, after a previous payout of $0.47.

HB Wealth Management LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 136,167 shares of the company's stock after buying an additional 15,423 shares during the quarter. HB Wealth Management LLC's holdings in Mondelez International were worth $9,183,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares in the last quarter. Nuveen LLC bought a new position in shares of Mondelez International during the first quarter valued at approximately $866,843,000. Goldman Sachs Group Inc. increased its holdings in Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock valued at $640,964,000 after buying an additional 3,454,174 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in Mondelez International in the first quarter worth approximately $189,930,000. Finally, Natixis Advisors LLC lifted its holdings in Mondelez International by 148.6% during the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock worth $201,549,000 after buying an additional 1,775,570 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $62.47 on Wednesday. The company has a 50 day moving average price of $63.24 and a 200 day moving average price of $65.60. The firm has a market capitalization of $80.83 billion, a P/E ratio of 22.88, a PEG ratio of 4.74 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, Inc. has a 52 week low of $53.95 and a 52 week high of $73.90.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Mondelez International's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders 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 represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is presently 68.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Wells Fargo & Company cut their target price on Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and increased their price target for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Stifel Nicolaus raised their price target 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, Piper Sandler boosted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Fourteen analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $71.89.

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.

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