WBI Investments LLC Buys New Position in Mondelez International, Inc. $MDLZ

Key Points

• WBI Investments LLC has acquired a new stake in Mondelez International, purchasing 17,513 shares valued at approximately $1,188,000.
• The company recently announced an increase in its quarterly dividend from $0.47 to $0.50, reflecting a positive change and a dividend yield of 3.2%.
• Analysts have set an average price target of $72.00 for Mondelez International, with most ratings being a "Moderate Buy."

WBI Investments LLC bought a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 17,513 shares of the company's stock, valued at approximately $1,188,000.

Other hedge funds also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new position in Mondelez International during the 1st quarter valued at about $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International during the 1st quarter valued at about $26,000. Orion Capital Management LLC acquired a new position in Mondelez International during the 4th quarter valued at about $30,000. E Fund Management Hong Kong Co. Ltd. increased its position in Mondelez International by 376.1% during the 1st 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 in the last quarter. Finally, North Capital Inc. acquired a new position in Mondelez International during the 1st quarter valued at about $31,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.5%

Shares of MDLZ opened at $62.27 on Thursday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $75.98. 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 company has a market capitalization of $80.57 billion, a price-to-earnings ratio of 22.81, a PEG ratio of 4.73 and a beta of 0.44. The stock's 50-day moving average price is $64.78 and its 200-day moving average price is $65.87.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its 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. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter in the prior year, the business earned $0.86 earnings per share. The company's revenue 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, sell-side analysts predict 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. Stockholders of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International's dividend payout ratio (DPR) is currently 68.86%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MDLZ. JPMorgan Chase & Co. initiated coverage on Mondelez International in a research report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 target price on the stock. Sanford C. Bernstein boosted their price target on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Piper Sandler boosted their price target on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, UBS Group dropped their price target 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. Fourteen investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Company 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.

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.