Wealth Enhancement Advisory Services LLC Purchases 92,882 Shares of Mondelez International, Inc. $MDLZ

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in Mondelez International by 18.7%, owning a total of 590,650 shares valued at approximately $40.75 million.
• Mondelez recently declared a quarterly dividend of $0.50, representing a yield of 3.1% and an increase from the previous quarterly dividend of $0.47.
• The company's stock opened at $63.71, with a market capitalization of $82.44 billion and a recent earnings report showing a 7.7% increase in revenue year-over-year.

Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 18.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 590,650 shares of the company's stock after buying an additional 92,882 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Mondelez International were worth $40,749,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MDLZ. Kingswood Wealth Advisors LLC grew its holdings in Mondelez International by 15.0% during the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after purchasing an additional 1,013 shares during the period. Canopy Partners LLC grew its holdings in Mondelez International by 20.7% during the first quarter. Canopy Partners LLC now owns 16,800 shares of the company's stock valued at $1,140,000 after purchasing an additional 2,876 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its holdings in Mondelez International by 23.6% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 44,786 shares of the company's stock valued at $3,039,000 after purchasing an additional 8,544 shares during the period. TCW Group Inc. grew its holdings in Mondelez International by 1.1% during the first quarter. TCW Group Inc. now owns 98,444 shares of the company's stock valued at $6,679,000 after purchasing an additional 1,075 shares during the period. Finally, Flagship Harbor Advisors LLC grew its holdings in Mondelez International by 58.2% during the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after purchasing an additional 4,002 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

NASDAQ:MDLZ traded up $0.46 during mid-day trading on Friday, reaching $63.71. 17,133,815 shares of the company's stock were exchanged, compared to its average volume of 6,425,033. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $75.49. The firm has a market capitalization of $82.44 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 4.82 and a beta of 0.44. The business's fifty day simple moving average is $64.02 and its two-hundred day simple moving average is $65.75. 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 (NASDAQ:MDLZ - Get Free Report) last released 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. 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 last year, the firm earned $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. Analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.1%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is 68.86%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MDLZ shares. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a report on Friday, August 1st. Sanford C. Bernstein boosted their price objective on shares of Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Piper Sandler upped their price target on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price target for the company from $68.00 to $78.00 in a report on Friday, June 20th. Finally, Barclays upped their price target on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a report on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.