Mondelez International, Inc. $MDLZ Stake Reduced by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 22.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,040 shares of the company’s stock after selling 1,728 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Mondelez International were worth $407,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Abound Financial LLC purchased a new position in Mondelez International during the 1st quarter valued at about $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. grew its stake in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after buying an additional 346 shares in the last quarter. North Capital Inc. bought a new stake in shares of Mondelez International in the 1st quarter valued at approximately $31,000. Finally, Saudi Central Bank bought a new stake in shares of Mondelez International in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group raised Mondelez International from a “hold” rating to a “buy” rating and boosted their price target for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Weiss Ratings reissued a “hold (c+)” rating on shares of Mondelez International in a research note on Saturday, September 27th. Stifel Nicolaus boosted their price target on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Finally, Evercore ISI decreased their target price on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $71.55.

Mondelez International Stock Up 0.7%

Shares of Mondelez International stock opened at $61.45 on Friday. The stock has a market capitalization of $79.51 billion, a P/E ratio of 22.51, a PEG ratio of 4.62 and a beta of 0.45. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The stock has a 50 day moving average price of $62.28 and a two-hundred day moving average price of $65.45. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $72.70.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $7.30 billion during the quarter. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International’s dividend payout ratio is presently 73.26%.

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.