Mondelez International, Inc. $MDLZ Shares Purchased by Merit Financial Group LLC

Key Points

• Merit Financial Group LLC increased its stake in Mondelez International by 36% during the 2nd quarter, now holding 73,210 shares valued at approximately $4.94 million.
• Mondelez International reported earnings of $0.73 EPS, surpassing expectations of $0.68, alongside a revenue of $8.98 billion, marking a year-over-year increase of 7.7%.
• The company announced a quarterly dividend of $0.50 per share, which is a boost from the previous dividend of $0.47, offering a yield of 3.2%.

Merit Financial Group LLC lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 36.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 73,210 shares of the company's stock after purchasing an additional 19,392 shares during the quarter. Merit Financial Group LLC's holdings in Mondelez International were worth $4,937,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Abound Financial LLC acquired a new position in Mondelez International during the 1st quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Mondelez International during the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. grew 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 buying an additional 346 shares during the last quarter. North Capital Inc. acquired a new position in shares of Mondelez International in the 1st quarter valued at $31,000. Finally, Saudi Central Bank acquired a new position in shares of 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 Stock Down 1.4%

MDLZ opened at $61.78 on Tuesday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $72.70. 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 fifty day moving average of $62.62 and a two-hundred day moving average of $65.55. The stock has a market capitalization of $79.94 billion, a price-to-earnings ratio of 22.63, a PEG ratio of 4.74 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted 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 analyst estimates of $8.82 billion. During the same period in the prior year, the company posted $0.86 EPS. The company's revenue for the quarter was up 7.7% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. On average, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business 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. 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 a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is 73.26%.

Wall Street Analyst Weigh In

A number of brokerages have commented on MDLZ. Piper Sandler lifted their price target on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Barclays upped their target price on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Sanford C. Bernstein raised their price target 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. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Mondelez International in a report on Saturday, September 27th. Finally, Evercore ISI cut their price objective on shares of Mondelez International from $73.00 to $72.00 and set an "outperform" rating on the stock in a research note on Friday, September 26th. Fourteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $71.75.

Mondelez International 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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