Kennon Green & Company LLC Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Kennon Green & Company LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,217 shares of the company’s stock after selling 3,675 shares during the quarter. Mondelez International makes up approximately 2.7% of Kennon Green & Company LLC’s portfolio, making the stock its 16th biggest position. Kennon Green & Company LLC’s holdings in Mondelez International were worth $2,623,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its holdings in Mondelez International by 48.8% in the third quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock valued at $343,411,000 after purchasing an additional 1,623,588 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Mondelez International by 44.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock valued at $261,370,000 after acquiring an additional 1,159,900 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC purchased a new position in Mondelez International during the 3rd quarter valued at about $71,311,000. Envestnet Asset Management Inc. raised its position in Mondelez International by 38.1% during the third quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock worth $226,531,000 after acquiring an additional 900,445 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew its position in shares of Mondelez International by 52.7% in the third quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock valued at $168,660,000 after purchasing an additional 838,651 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 1.2 %

MDLZ traded up $0.88 during trading on Monday, hitting $71.49. 5,453,112 shares of the company’s stock were exchanged, compared to its average volume of 7,877,900. The stock has a 50 day moving average price of $70.45 and a 200 day moving average price of $70.72. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $78.54. The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 0.60. The firm has a market cap of $96.26 billion, a P/E ratio of 19.59, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.31 billion. During the same period in the previous year, the company posted $0.73 EPS. Mondelez International’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were issued a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s payout ratio is 46.83%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MDLZ. Barclays reduced their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. JPMorgan Chase & Co. reduced their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Stifel Nicolaus lifted their price objective on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus price target of $80.50.

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.