Wedmont Private Capital Has $843,000 Stock Position in Mondelez International, Inc. $MDLZ

Key Points

• Wedmont Private Capital increased its holdings in Mondelez International, Inc. by 59.1%, owning 12,606 shares valued at $843,000 as of the latest SEC filing.
• Mondelez reported $0.73 earnings per share for the last quarter, exceeding analysts' expectations of $0.68, with a revenue of $8.98 billion.
• The company declared a quarterly dividend of $0.50 per share, which is an increase from the previous dividend of $0.47, with a current dividend yield of 3.1%.

Wedmont Private Capital boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 59.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 12,606 shares of the company's stock after buying an additional 4,681 shares during the period. Wedmont Private Capital's holdings in Mondelez International were worth $843,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MDLZ. Hemington Wealth Management grew its position in shares of Mondelez International by 11.4% in the first 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 position in Mondelez International by 1.0% during 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 increased its position in Mondelez International by 11.1% during 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. Enterprise Bank & Trust Co lifted its holdings in shares of Mondelez International by 0.7% during the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company's stock worth $1,616,000 after buying an additional 170 shares in the last quarter. Finally, Sage Private Wealth Group LLC boosted its position in shares of Mondelez International by 3.7% in the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock valued at $334,000 after acquiring an additional 175 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.1%

Shares of MDLZ stock traded down $0.05 during mid-day trading on Tuesday, reaching $63.45. 798,573 shares of the stock traded hands, compared to its average volume of 8,718,077. The company has a market cap of $82.10 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 4.82 and a beta of 0.44. 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 stock's fifty day simple moving average is $63.94 and its two-hundred day simple moving average is $65.72. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $75.11.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) 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 business had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. During the same quarter last year, the business earned $0.86 EPS. The firm's quarterly revenue 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 anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is presently 68.86%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MDLZ. 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 research report on Thursday, July 31st. JPMorgan Chase & Co. began coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They set an "overweight" rating and a $75.00 price objective on the stock. Stifel Nicolaus boosted their target price on shares of Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $68.00 to $78.00 in a research note on Friday, June 20th. Fourteen 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 company. According to MarketBeat, the company 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.