Peoples Bank KS Reduces Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Peoples Bank KS reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,222 shares of the company’s stock after selling 1,026 shares during the quarter. Peoples Bank KS’s holdings in Mondelez International were worth $1,195,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MDLZ. J. W. Coons Advisors LLC grew its position in shares of Mondelez International by 7.6% during the 4th quarter. J. W. Coons Advisors LLC now owns 3,597 shares of the company’s stock valued at $260,000 after purchasing an additional 253 shares in the last quarter. Belpointe Asset Management LLC lifted its position in Mondelez International by 11.4% during the fourth quarter. Belpointe Asset Management LLC now owns 6,946 shares of the company’s stock valued at $503,000 after purchasing an additional 709 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in Mondelez International by 1.1% during the fourth quarter. Oppenheimer & Co. Inc. now owns 39,741 shares of the company’s stock valued at $2,878,000 after purchasing an additional 447 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in Mondelez International by 2.8% in the 4th quarter. Cetera Advisor Networks LLC now owns 203,766 shares of the company’s stock worth $14,759,000 after buying an additional 5,566 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its holdings in shares of Mondelez International by 2,334.4% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 203,882 shares of the company’s stock worth $14,767,000 after buying an additional 195,507 shares during the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 0.5 %

Shares of Mondelez International stock traded up $0.35 during trading on Friday, hitting $71.51. The company’s stock had a trading volume of 4,242,998 shares, compared to its average volume of 6,891,097. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The company has a fifty day simple moving average of $71.96 and a two-hundred day simple moving average of $69.59. The company has a market capitalization of $95.92 billion, a PE ratio of 22.61, a P/E/G ratio of 3.02 and a beta of 0.54.

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

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a dividend of $0.47 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.63%. Mondelez International’s dividend payout ratio is 59.68%.

Analysts Set New Price Targets

A number of research firms recently commented on MDLZ. DA Davidson reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. The Goldman Sachs Group initiated coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. TD Cowen reduced their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Barclays lowered their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.65.

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.