Keystone Wealth Services LLC Sells 147 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Keystone Wealth Services LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 4,786 shares of the company’s stock after selling 147 shares during the period. Keystone Wealth Services LLC’s holdings in Mondelez International were worth $353,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Boomfish Wealth Group LLC grew its holdings in Mondelez International by 3.9% during the third quarter. Boomfish Wealth Group LLC now owns 18,804 shares of the company’s stock valued at $1,385,000 after purchasing an additional 704 shares during the period. Benson Investment Management Company Inc. bought a new stake in Mondelez International during the third quarter valued at about $5,221,000. Creative Planning boosted its stake in shares of Mondelez International by 4.8% in the third quarter. Creative Planning now owns 343,226 shares of the company’s stock worth $25,285,000 after acquiring an additional 15,845 shares during the period. CX Institutional boosted its stake in shares of Mondelez International by 44.5% in the third quarter. CX Institutional now owns 82,901 shares of the company’s stock worth $6,107,000 after acquiring an additional 25,532 shares during the period. Finally, Sivia Capital Partners LLC bought a new position in shares of Mondelez International in the third quarter worth about $226,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 1.8 %

MDLZ stock traded up $1.27 during midday trading on Tuesday, reaching $71.80. 5,888,573 shares of the company traded hands, compared to its average volume of 6,814,207. Mondelez International, Inc. has a 52-week low of $61.83 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 business has a 50 day moving average of $72.36 and a 200-day moving average of $69.55. The firm has a market capitalization of $96.31 billion, a price-to-earnings ratio of 22.82, a P/E/G ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the prior year, the business posted $0.76 earnings per share. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

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

Analyst Ratings Changes

MDLZ has been the subject of a number of recent analyst reports. Barclays dropped their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Citigroup upped their price objective on Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. DA Davidson dropped their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Evercore ISI upped their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus 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.