Mondelez International, Inc. $MDLZ Shares Acquired by ZWJ Investment Counsel Inc.

Key Points

• ZWJ Investment Counsel Inc. increased its holdings in Mondelez International by 0.9%, owning a total of 711,451 shares worth approximately $47.98 million.
• Mondelez reported a 7.7% increase in quarterly revenue year-over-year, totaling $8.98 billion, with earnings per share surpassing estimates at $0.73.
• The company announced a quarterly dividend increase from $0.47 to $0.50, leading to an annualized dividend yield of 3.2%.

ZWJ Investment Counsel Inc. boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 711,451 shares of the company's stock after purchasing an additional 6,385 shares during the quarter. Mondelez International comprises 1.8% of ZWJ Investment Counsel Inc.'s investment portfolio, making the stock its 24th largest holding. ZWJ Investment Counsel Inc. owned 0.05% of Mondelez International worth $47,980,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Abound Financial LLC purchased a new stake in Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC purchased a new stake in Mondelez International in the 1st quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. raised its position in Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. North Capital Inc. purchased a new stake in Mondelez International in the 1st quarter valued at $31,000. Finally, Saudi Central Bank purchased a new stake in Mondelez International in the 1st quarter valued at $36,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Price Performance

MDLZ opened at $62.67 on Friday. The company's 50 day simple moving average is $62.78 and its 200 day simple moving average is $65.55. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $72.70. The stock has a market capitalization of $81.09 billion, a PE ratio of 22.96, a P/E/G ratio of 4.67 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts' expectations of $8.82 billion. During the same period last year, the company earned $0.86 earnings per share. The company's quarterly 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, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a $0.50 dividend. This is a boost from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's dividend payout ratio is 73.26%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings reiterated a "hold (c+)" rating on shares of Mondelez International in a research report on Saturday, September 27th. Evercore ISI cut their price objective on shares of Mondelez International from $73.00 to $72.00 and set an "outperform" rating for the company in a research report on Friday, September 26th. Sanford C. Bernstein upped their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. initiated coverage on shares of Mondelez International in a research report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price objective for the company. Finally, Barclays upped their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $71.80.

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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