Radnor Capital Management LLC Decreases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Radnor Capital Management LLC decreased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 4.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,912 shares of the company’s stock after selling 617 shares during the period. Radnor Capital Management LLC’s holdings in Mondelez International were worth $974,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Bogart Wealth LLC grew its stake in Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares in the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International during the fourth quarter valued at approximately $26,000. HHM Wealth Advisors LLC acquired a new position in shares of Mondelez International during the fourth quarter worth approximately $29,000. Transcendent Capital Group LLC bought a new stake in shares of Mondelez International during the fourth quarter valued at about $34,000. Finally, Orion Capital Management LLC acquired a new stake in shares of Mondelez International in the 3rd quarter worth approximately $35,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Barclays lowered their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Citigroup cut their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. TD Cowen decreased their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research report on Thursday, June 6th. Evercore ISI reduced their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Tuesday, June 4th. Finally, Wells Fargo & Company reduced their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.22.

Mondelez International Price Performance

Shares of MDLZ opened at $66.76 on Monday. The firm has a market cap of $89.55 billion, a PE ratio of 21.11, a PEG ratio of 2.53 and a beta of 0.54. The firm’s 50 day moving average price is $68.86 and its 200 day moving average price is $70.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.16 billion. During the same period last year, the business posted $0.89 EPS. Mondelez International’s revenue was up 1.4% compared to the same quarter last year. As a group, research analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.425 per share. The ex-dividend date is Friday, June 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.55%. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

Mondelez International 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.