Azzad Asset Management Inc. ADV Grows Stock Holdings in Mondelez International, Inc. $MDLZ

Azzad Asset Management Inc. ADV lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 48.4% during the first quarter, HoldingsChannel.com reports. The firm owned 123,373 shares of the company’s stock after purchasing an additional 40,245 shares during the quarter. Mondelez International makes up about 0.7% of Azzad Asset Management Inc. ADV’s portfolio, making the stock its 18th largest holding. Azzad Asset Management Inc. ADV’s holdings in Mondelez International were worth $7,111,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. J.Safra Asset Management Corp purchased a new position in Mondelez International during the fourth quarter valued at $25,000. Advocate Investing Services LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth $25,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Mondelez International in the third quarter worth $27,000. Kemnay Advisory Services Inc. purchased a new position in shares of Mondelez International in the 4th quarter worth about $28,000. Finally, High Point Wealth Management LLC purchased a new position in shares of Mondelez International in the 4th quarter worth about $30,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $59.48 on Thursday. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The business has a 50-day simple moving average of $61.17 and a two-hundred day simple moving average of $58.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. The firm has a market cap of $76.35 billion, a price-to-earnings ratio of 29.59, a price-to-earnings-growth ratio of 2.36 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The business’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Mondelez International’s dividend payout ratio is 99.50%.

Analyst Upgrades and Downgrades

Several analysts recently commented on MDLZ shares. Rothschild & Co Redburn reissued a “neutral” rating and set a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a report on Monday, March 30th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a research note on Wednesday, April 22nd. UBS Group increased their price target on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Barclays upped their price objective on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $67.05.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.