IFM Investors Pty Ltd Has $17.01 Million Stock Holdings in Mondelez International, Inc. $MDLZ

Key Points

• IFM Investors Pty Ltd increased its holdings in Mondelez International by 3.3%, acquiring an additional 8,030 shares, bringing their total to 252,144 shares valued at approximately $17 million.
• Mondelez International's quarterly revenue increased by 7.7% year-over-year, reporting $8.98 billion and exceeding analyst expectations with earnings per share of $0.73.
• The company has announced a dividend increase to $0.50 per share, reflecting a dividend yield of 3.2%, with the ex-dividend date set for September 30th.

IFM Investors Pty Ltd increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.3% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 252,144 shares of the company's stock after acquiring an additional 8,030 shares during the period. IFM Investors Pty Ltd's holdings in Mondelez International were worth $17,005,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Hemington Wealth Management raised its holdings in Mondelez International by 11.4% during the first quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock worth $103,000 after acquiring an additional 156 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after acquiring an additional 160 shares in the last quarter. Sound Income Strategies LLC raised its holdings in Mondelez International by 11.1% during the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after acquiring an additional 168 shares in the last quarter. Enterprise Bank & Trust Co raised its holdings in Mondelez International by 0.7% during the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company's stock worth $1,616,000 after acquiring an additional 170 shares in the last quarter. Finally, Sage Private Wealth Group LLC raised its holdings in Mondelez International by 3.7% during the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock worth $334,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

Mondelez International stock traded up $0.46 during mid-day trading on Friday, reaching $63.71. 17,133,815 shares of the company were exchanged, compared to its average volume of 6,425,033. The company has a fifty day simple moving average of $64.02 and a 200-day simple moving average of $65.75. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $75.49. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The firm has a market cap of $82.44 billion, a PE ratio of 23.34, a PEG ratio of 4.82 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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 return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same quarter last year, the company earned $0.86 EPS. The company's revenue was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, equities 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. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. Mondelez International's dividend payout ratio is 68.86%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and upped their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Sanford C. Bernstein upped their price objective on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Piper Sandler upped their price objective on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Fourteen investment 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. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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.