Peoples Bank KS Decreases Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Peoples Bank KS lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 16,222 shares of the company’s stock after selling 1,026 shares during the period. Peoples Bank KS’s holdings in Mondelez International were worth $1,195,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Mondelez International in the 4th quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International in the 2nd quarter worth $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International in the 2nd quarter worth $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mondelez International during the 2nd quarter worth $29,000. Finally, Transcendent Capital Group LLC purchased a new position in Mondelez International in the fourth quarter valued at about $34,000. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on MDLZ shares. DA Davidson decreased their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Piper Sandler dropped their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Evercore ISI boosted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Finally, JPMorgan Chase & Co. raised their price target on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.65.

Mondelez International Trading Up 0.5 %

Shares of NASDAQ MDLZ traded up $0.35 during mid-day trading on Friday, reaching $71.51. 4,242,998 shares of the company’s stock were exchanged, compared to its average volume of 6,891,097. The firm has a market capitalization of $95.92 billion, a price-to-earnings ratio of 22.61, a PEG ratio of 3.02 and a beta of 0.54. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company’s 50-day moving average is $71.96 and its 200-day moving average is $69.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. During the same period last year, the business earned $0.76 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a $0.47 dividend. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.63%. Mondelez International’s payout ratio is presently 59.68%.

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.