Raab & Moskowitz Asset Management LLC Grows Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• Raab & Moskowitz Asset Management LLC increased its position in Mondelez International, Inc. by 15.0%, owning 32,776 shares worth approximately $2.22 million as of the latest filing.
• Mondelez International recently reported a quarterly earnings per share of $0.73, exceeding analysts' expectations and demonstrating a 7.7% increase in revenue compared to the same quarter last year.
• The company declared a quarterly dividend of $0.50, raised from $0.47, with the annualized yield now at 3.2%.

Raab & Moskowitz Asset Management LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 15.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,776 shares of the company's stock after purchasing an additional 4,285 shares during the quarter. Raab & Moskowitz Asset Management LLC's holdings in Mondelez International were worth $2,224,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Hemington Wealth Management increased its position in shares of Mondelez International by 11.4% during the 1st 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 increased its holdings in 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 acquiring an additional 160 shares in the last quarter. Sound Income Strategies LLC increased its holdings in 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 acquiring an additional 168 shares in the last quarter. Sage Private Wealth Group LLC increased its holdings in 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 acquiring an additional 175 shares in the last quarter. Finally, Verus Financial Partners Inc. increased its holdings in 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 acquiring an additional 179 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus increased their target price on shares of Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Barclays increased their target price on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Piper Sandler increased their target price on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Finally, Sanford C. Bernstein increased their target price on shares of Mondelez International from $79.00 to $88.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and an average target price of $72.00.

Mondelez International Trading Up 1.4%

Shares of MDLZ opened at $61.74 on Friday. 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, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The company has a 50 day simple moving average of $65.16 and a two-hundred day simple moving average of $65.91. The firm has a market cap of $79.89 billion, a P/E ratio of 22.62, a price-to-earnings-growth ratio of 4.67 and a beta of 0.44.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same period last year, the firm posted $0.86 earnings per share. Mondelez International's revenue for the quarter 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, equities analysts expect 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. 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 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio is 68.86%.

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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