Kathmere Capital Management LLC Sells 3,607 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Kathmere Capital Management LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 24.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,136 shares of the company’s stock after selling 3,607 shares during the period. Kathmere Capital Management LLC’s holdings in Mondelez International were worth $729,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ables Iannone Moore & Associates Inc. bought a new stake in Mondelez International in the fourth quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International in the second quarter worth approximately $26,000. Lynx Investment Advisory purchased a new position in shares of Mondelez International in the second quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International during the 2nd quarter valued at $29,000. Finally, Transcendent Capital Group LLC purchased a new stake in Mondelez International during the 4th quarter valued at $34,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Sanford C. Bernstein decreased their price objective on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. The Goldman Sachs Group started coverage on Mondelez International in a report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. Evercore ISI upped their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday. Stifel Nicolaus reduced their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Finally, Barclays decreased their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.65.

Mondelez International Trading Down 0.2 %

NASDAQ:MDLZ opened at $74.20 on Friday. The firm has a market capitalization of $99.12 billion, a P/E ratio of 23.56, a PEG ratio of 3.02 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company’s 50-day simple moving average is $71.47 and its 200 day simple moving average is $69.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s revenue for the quarter was down 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.76 EPS. As a group, analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a $0.47 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio is currently 53.97%.

Mondelez International 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.