Kavar Capital Partners Group LLC Sells 670 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Kavar Capital Partners Group LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% in the third quarter, Holdings Channel.com reports. The fund owned 58,105 shares of the company’s stock after selling 670 shares during the quarter. Kavar Capital Partners Group LLC’s holdings in Mondelez International were worth $4,281,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock valued at $9,153,609,000 after purchasing an additional 6,696,897 shares during the last quarter. Capital Research Global Investors lifted its position in Mondelez International by 7.3% during the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares during the last quarter. Legal & General Group Plc lifted its position in Mondelez International by 2.6% during the second quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock valued at $749,467,000 after purchasing an additional 293,773 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Mondelez International by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock valued at $587,094,000 after purchasing an additional 1,071,719 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the subject of several research analyst reports. Citigroup lifted their target price on shares of Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus lifted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group began coverage on shares of Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Sanford C. Bernstein decreased their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, Piper Sandler decreased their price target on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.35.

Mondelez International Stock Down 1.0 %

Shares of Mondelez International stock opened at $69.23 on Friday. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. The company’s fifty day simple moving average is $72.54 and its two-hundred day simple moving average is $69.69. The company has a market cap of $92.86 billion, a P/E ratio of 21.98, a PEG ratio of 2.98 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $64.18 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the business posted $0.76 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. Research analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is 59.68%.

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.