Dover Advisors LLC Lowers Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Dover Advisors LLC trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 25.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 12,925 shares of the company’s stock after selling 4,341 shares during the quarter. Mondelez International comprises about 1.2% of Dover Advisors LLC’s portfolio, making the stock its 27th largest position. Dover Advisors LLC’s holdings in Mondelez International were worth $942,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MDLZ. Carmel Capital Partners LLC acquired a new stake in Mondelez International in the third quarter valued at $28,000. First Command Advisory Services Inc. acquired a new stake in shares of Mondelez International in the 3rd quarter worth about $29,000. HHM Wealth Advisors LLC acquired a new position in Mondelez International during the 4th quarter valued at about $29,000. Orion Capital Management LLC acquired a new position in Mondelez International during the 3rd quarter valued at about $35,000. Finally, Legacy Financial Group LLC acquired a new position in Mondelez International during the 3rd quarter valued at about $45,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of several recent research reports. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. JPMorgan Chase & Co. cut their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Citigroup dropped their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Finally, Barclays dropped their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $80.89.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.19 on Friday, hitting $70.61. The stock had a trading volume of 7,145,125 shares, compared to its average volume of 9,491,838. The firm’s 50 day moving average price is $70.45 and its 200-day moving average price is $70.72. The company has a market capitalization of $95.07 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.59.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. On average, equities research analysts predict that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.425 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a yield of 2.41%. Mondelez International’s dividend payout ratio is currently 46.83%.

About Mondelez International

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.