Mather Group LLC. Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Mather Group LLC. cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 18.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,367 shares of the company’s stock after selling 3,501 shares during the period. Mather Group LLC.’s holdings in Mondelez International were worth $1,132,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of MDLZ. Seven Eight Capital LP purchased a new stake in shares of Mondelez International in the fourth quarter worth $433,000. Verition Fund Management LLC boosted its position in shares of Mondelez International by 55.5% during the fourth quarter. Verition Fund Management LLC now owns 93,885 shares of the company’s stock worth $6,800,000 after acquiring an additional 33,495 shares during the last quarter. First Financial Bankshares Inc bought a new position in shares of Mondelez International during the fourth quarter worth $83,613,000. Vivaldi Capital Management LP bought a new position in shares of Mondelez International during the fourth quarter worth $220,000. Finally, Pitcairn Co. boosted its position in shares of Mondelez International by 6.5% during the fourth quarter. Pitcairn Co. now owns 45,776 shares of the company’s stock worth $3,316,000 after acquiring an additional 2,792 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.2 %

MDLZ stock opened at $70.85 on Wednesday. The company has a market capitalization of $95.04 billion, a PE ratio of 22.49, a P/E/G ratio of 3.02 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The firm’s 50-day moving average is $72.14 and its 200 day moving average is $69.55. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.76 EPS. On average, 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 will be paid on Monday, October 14th. Shareholders 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 2.65%. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MDLZ shares. DA Davidson dropped their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. 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 research report on Friday, July 19th. Piper Sandler lowered their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Finally, Sanford C. Bernstein lowered their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.