Stillwater Capital Advisors LLC Sells 1,079 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Stillwater Capital Advisors LLC lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 190,665 shares of the company’s stock after selling 1,079 shares during the period. Mondelez International accounts for about 1.8% of Stillwater Capital Advisors LLC’s investment portfolio, making the stock its 26th largest holding. Stillwater Capital Advisors LLC’s holdings in Mondelez International were worth $14,046,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International during the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory bought a new position in Mondelez International during the 2nd quarter valued at approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International during the 2nd quarter valued at approximately $29,000. ESL Trust Services LLC bought a new position in Mondelez International during the 1st quarter valued at approximately $38,000. Finally, Albion Financial Group UT bought a new position in Mondelez International during the 1st quarter valued at approximately $44,000. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MDLZ shares. Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday. The Goldman Sachs Group began coverage on Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. Evercore ISI increased their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Sanford C. Bernstein cut their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, Citigroup increased their target price on Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $78.65.

Mondelez International Stock Performance

MDLZ stock opened at $71.80 on Wednesday. The company has a market cap of $96.31 billion, a P/E ratio of 22.79, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $61.83 and a 1 year high of $77.20. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The stock’s fifty day moving average price is $72.43 and its 200-day moving average price is $69.57.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 earnings per share. On average, equities analysts forecast that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.62%. Mondelez International’s payout ratio is 59.68%.

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.