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

Dover Advisors LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 25.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,925 shares of the company’s stock after selling 4,341 shares during the period. Mondelez International comprises approximately 1.2% of Dover Advisors LLC’s portfolio, making the stock its 27th biggest holding. Dover Advisors LLC’s holdings in Mondelez International were worth $942,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Murphy Middleton Hinkle & Parker Inc. raised its position in Mondelez International by 3.9% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after purchasing an additional 136 shares during the last quarter. Cobblestone Asset Management LLC grew its holdings in shares of Mondelez International by 2.8% during the 4th quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock worth $361,000 after acquiring an additional 138 shares during the period. Graypoint LLC grew its holdings in shares of Mondelez International by 1.1% during the 4th quarter. Graypoint LLC now owns 12,281 shares of the company’s stock worth $890,000 after acquiring an additional 138 shares during the period. Beacon Capital Management LLC grew its holdings in shares of Mondelez International by 15.9% during the 4th quarter. Beacon Capital Management LLC now owns 1,019 shares of the company’s stock worth $71,000 after acquiring an additional 140 shares during the period. Finally, Clear Harbor Asset Management LLC grew its stake in shares of Mondelez International by 1.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 7,632 shares of the company’s stock worth $553,000 after buying an additional 140 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus upped their price objective on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays cut their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. JPMorgan Chase & Co. dropped their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Finally, Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $80.89.

Mondelez International Stock Performance

NASDAQ MDLZ traded down $0.19 on Friday, reaching $70.61. 7,145,125 shares of the company’s stock traded hands, compared to its average volume of 9,491,838. The stock has a 50 day moving average price of $70.45 and a 200-day moving average price of $70.72. The firm has a market cap of $95.07 billion, a price-to-earnings ratio of 19.45, a P/E/G ratio of 2.46 and a beta of 0.56. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.59. 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 (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $9.31 billion during 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 company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 earnings per share. Equities research analysts predict that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were given a dividend of $0.425 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.41%. Mondelez International’s dividend payout ratio (DPR) is presently 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.