Dover Advisors LLC Sells 203 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Dover Advisors LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,878 shares of the company’s stock after selling 203 shares during the period. Dover Advisors LLC’s holdings in Mondelez International were worth $1,096,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International during the second quarter worth about $26,000. Lynx Investment Advisory bought a new position in Mondelez International during the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International during the second quarter worth about $29,000. ESL Trust Services LLC bought a new position in Mondelez International during the first quarter worth about $38,000. Finally, Albion Financial Group UT bought a new position in Mondelez International during the first quarter worth about $44,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Shares of MDLZ stock traded up $1.27 during trading on Tuesday, hitting $71.80. The company had a trading volume of 5,888,573 shares, compared to its average volume of 6,814,207. 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 firm has a market capitalization of $96.31 billion, a P/E ratio of 22.82, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. The stock’s 50-day moving average price is $72.36 and its 200 day moving average price is $69.55. Mondelez International, Inc. has a one year low of $61.83 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 earnings per share. Equities analysts expect that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.62%. Mondelez International’s dividend payout ratio is presently 59.68%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MDLZ shares. Evercore ISI lifted their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Barclays cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Citigroup boosted their price target on Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Piper Sandler cut their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average 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.