Integrity Alliance LLC. Purchases New Holdings in Mondelez International, Inc. $MDLZ

Key Points

• Integrity Alliance LLC has acquired a new stake in Mondelez International, Inc. by purchasing 5,748 shares valued at approximately $390,000 as reported in their Form 13F filing.
• Mondelez International recently declared a quarterly dividend of $0.50 per share, an increase from the previous $0.47, reflecting a positive change with a dividend yield of 3.2%.
• The company's quarterly earnings exceeded analysts' expectations, reporting $0.73 EPS against a consensus of $0.68, with a revenue of $8.98 billion, up 7.7% year-over-year.

Integrity Alliance LLC. purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,748 shares of the company's stock, valued at approximately $390,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Hemington Wealth Management boosted its holdings in Mondelez International by 11.4% in the first quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock valued at $103,000 after purchasing an additional 156 shares during the last quarter. Checchi Capital Advisers LLC boosted its holdings in Mondelez International by 1.0% in the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock valued at $1,083,000 after purchasing an additional 160 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after purchasing an additional 168 shares during the last quarter. Sage Private Wealth Group LLC boosted its holdings in Mondelez International by 3.7% in the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock valued at $334,000 after purchasing an additional 175 shares during the last quarter. Finally, Verus Financial Partners Inc. boosted its holdings in Mondelez International by 3.7% in the first quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company's stock valued at $340,000 after purchasing an additional 179 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Trading Down 0.1%

Shares of NASDAQ MDLZ opened at $61.98 on Friday. 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 stock's 50 day moving average price is $64.50 and its two-hundred day moving average price is $65.82. The stock has a market capitalization of $80.20 billion, a P/E ratio of 22.70, a PEG ratio of 4.69 and a beta of 0.44. 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 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. The business had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The business's quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.86 EPS. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, 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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend 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 payout ratio is currently 68.86%.

Analyst Ratings Changes

A number of research analysts recently commented on MDLZ shares. Jefferies Financial Group raised 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 report on Thursday, July 17th. Dbs Bank upgraded Mondelez International from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 1st. 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. UBS Group cut their price objective on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research note on Thursday, July 31st. Finally, Barclays upped their price objective on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.

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