Kennon Green & Company LLC Purchases 3,846 Shares of Mondelez International, Inc. $MDLZ

Kennon Green & Company LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 68,686 shares of the company’s stock after buying an additional 3,846 shares during the quarter. Mondelez International accounts for about 3.8% of Kennon Green & Company LLC’s holdings, making the stock its 10th biggest position. Kennon Green & Company LLC’s holdings in Mondelez International were worth $4,737,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Ritholtz Wealth Management boosted its position in Mondelez International by 15.2% during the 2nd quarter. Ritholtz Wealth Management now owns 47,177 shares of the company’s stock worth $3,182,000 after buying an additional 6,228 shares during the period. Sagespring Wealth Partners LLC raised its stake in shares of Mondelez International by 46.0% during the second quarter. Sagespring Wealth Partners LLC now owns 13,378 shares of the company’s stock valued at $902,000 after acquiring an additional 4,213 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of Mondelez International by 4.1% during the second quarter. Wilmington Savings Fund Society FSB now owns 121,983 shares of the company’s stock worth $8,227,000 after purchasing an additional 4,763 shares during the period. RFG Advisory LLC grew its stake in shares of Mondelez International by 15.7% in the second quarter. RFG Advisory LLC now owns 6,403 shares of the company’s stock worth $432,000 after purchasing an additional 867 shares during the last quarter. Finally, Axxcess Wealth Management LLC increased its holdings in Mondelez International by 2.4% in the second quarter. Axxcess Wealth Management LLC now owns 49,516 shares of the company’s stock valued at $3,339,000 after purchasing an additional 1,148 shares during the period. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 1.6%

Shares of MDLZ stock opened at $62.13 on Wednesday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $72.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a 50 day simple moving average of $62.23 and a two-hundred day simple moving average of $65.37. The company has a market cap of $80.39 billion, a P/E ratio of 22.76, a PEG ratio of 4.63 and a beta of 0.45.

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

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were issued a dividend of $0.50 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Tuesday, September 30th. Mondelez International’s dividend payout ratio (DPR) is currently 73.26%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Wells Fargo & Company lowered their target price on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Evercore ISI lowered their price objective 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. Piper Sandler increased their target price on shares of Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Wednesday, July 30th. Barclays raised their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Finally, JPMorgan Chase & Co. began coverage on shares of Mondelez International in a research note on Wednesday, August 20th. They issued an “overweight” rating and a $75.00 price objective on the stock. Thirteen investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $70.89.

Mondelez International Company 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.