Mondelez International, Inc. $MDLZ Shares Bought by Northwest & Ethical Investments L.P.

Key Points

• Northwest & Ethical Investments L.P. increased its holdings in Mondelez International by 38.8%, owning 119,245 shares valued at approximately $8.1 million after purchasing additional shares in the first quarter.
• Mondelez International reported a quarterly EPS of $0.73, exceeding the consensus estimate of $0.68, with revenue for the quarter rising by 7.7% year-over-year to $8.98 billion.
• The company declared a quarterly dividend of $0.50, up from the previous $0.47, representing an annualized dividend of $2.00 and a yield of 3.2%.

Northwest & Ethical Investments L.P. increased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 38.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 119,245 shares of the company's stock after purchasing an additional 33,309 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Mondelez International were worth $8,091,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of MDLZ. Hemington Wealth Management raised its position in shares of Mondelez International by 11.4% in the 1st quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock worth $103,000 after buying an additional 156 shares during the period. Checchi Capital Advisers LLC raised its position in shares of Mondelez International by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after buying an additional 160 shares during the period. Sound Income Strategies LLC raised its position in shares of Mondelez International by 11.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock worth $115,000 after buying an additional 168 shares during the period. Sage Private Wealth Group LLC raised its position in shares of Mondelez International by 3.7% in the 1st quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock worth $334,000 after buying an additional 175 shares during the period. Finally, Verus Financial Partners Inc. raised its position in shares of Mondelez International by 3.7% in the 1st quarter. Verus Financial Partners Inc. now owns 5,067 shares of the company's stock worth $340,000 after buying an additional 179 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.7%

NASDAQ:MDLZ traded up $0.47 during mid-day trading on Friday, reaching $63.41. The stock had a trading volume of 6,333,352 shares, compared to its average volume of 8,929,963. The company has a market capitalization of $82.05 billion, a price-to-earnings ratio of 23.23, a price-to-earnings-growth ratio of 4.77 and a beta of 0.46. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock's 50 day simple moving average is $66.41 and its two-hundred day simple moving average is $65.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.05. The business had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The company's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the firm earned $0.86 earnings per share. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. Equities analysts anticipate 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. Shareholders of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. This is an increase from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International's payout ratio is presently 68.86%.

Analyst Ratings Changes

MDLZ has been the topic of several research reports. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research report on Monday, April 28th. Barclays increased their target price on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. UBS Group cut their target price on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Stifel Nicolaus raised their price objective on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group raised Mondelez International from a "hold" rating to a "buy" rating and raised their price objective for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Fourteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $72.00.

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.