Integrated Wealth Concepts LLC Raises Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Integrated Wealth Concepts LLC increased its holdings in Mondelez International by 11.3%, acquiring 4,469 shares, bringing their total ownership to 43,963 shares valued at approximately $2.98 million.
• Analysts have raised their price targets for Mondelez International, with Wells Fargo boosting it from $68.00 to $78.00, and the stock currently has an average rating of “Moderate Buy” with a target of $72.00.
• Mondelez International recently announced a quarterly dividend increase to $0.50 per share, representing an annualized yield of 3.2%, effective October 14th.

Integrated Wealth Concepts LLC grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 11.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,963 shares of the company's stock after acquiring an additional 4,469 shares during the period. Integrated Wealth Concepts LLC's holdings in Mondelez International were worth $2,983,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Abound Financial LLC purchased a new position in Mondelez International during the 1st quarter valued at about $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International during the first quarter valued at approximately $26,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $30,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after acquiring an additional 346 shares in the last quarter. Finally, North Capital Inc. purchased a new stake in Mondelez International in the first quarter worth $31,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 0.1%

Shares of 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. 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 company has a market capitalization of $80.20 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 4.69 and a beta of 0.44. The firm has a 50-day moving average price of $64.50 and a 200 day moving average price of $65.82. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $75.98.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data 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. 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 during the quarter, compared to analysts' expectations of $8.82 billion. During the same quarter in the previous year, the business earned $0.86 earnings per share. The firm's quarterly 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. On average, sell-side analysts forecast 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. Investors 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 yield of 3.2%. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is presently 73.26%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on MDLZ shares. Barclays lifted their price target on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Stifel Nicolaus boosted their price target on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. UBS Group lowered their price objective 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. initiated coverage on Mondelez International in a report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 target price on the stock. Finally, Piper Sandler lifted their price target on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report 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. Based on data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and an average target price 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.