Kavar Capital Partners LLC Has $3.70 Million Position in Mondelez International Inc (NASDAQ:MDLZ)

Kavar Capital Partners LLC grew its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 68,590 shares of the company’s stock after purchasing an additional 607 shares during the quarter. Mondelez International comprises about 1.5% of Kavar Capital Partners LLC’s investment portfolio, making the stock its 18th largest position. Kavar Capital Partners LLC’s holdings in Mondelez International were worth $3,697,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MDLZ. Boston Partners acquired a new position in Mondelez International in the first quarter worth $355,441,000. FMR LLC boosted its stake in Mondelez International by 17.8% in the first quarter. FMR LLC now owns 20,048,480 shares of the company’s stock worth $1,000,819,000 after purchasing an additional 3,034,020 shares in the last quarter. Investec Asset Management LTD boosted its stake in Mondelez International by 1,483.2% in the first quarter. Investec Asset Management LTD now owns 3,057,952 shares of the company’s stock worth $152,653,000 after purchasing an additional 2,864,803 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Mondelez International by 1,184.2% in the first quarter. Lazard Asset Management LLC now owns 2,449,117 shares of the company’s stock worth $122,259,000 after purchasing an additional 2,258,403 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of Mondelez International by 11.4% during the fourth quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock worth $754,269,000 after acquiring an additional 1,928,429 shares during the last quarter. 76.06% of the stock is currently owned by institutional investors.

In related news, EVP Maurizio Brusadelli sold 39,882 shares of the company’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $54.52, for a total value of $2,174,366.64. Following the completion of the sale, the executive vice president now owns 85,388 shares in the company, valued at $4,655,353.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.



MDLZ has been the subject of a number of recent research reports. Piper Jaffray Companies set a $62.00 target price on Mondelez International and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley upgraded Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 target price for the company in a research report on Wednesday, August 7th. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research report on Wednesday, April 17th. Buckingham Research boosted their target price on Mondelez International from $57.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. They noted that the move was a valuation call. Finally, ValuEngine downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. Mondelez International has a consensus rating of “Buy” and a consensus price target of $57.50.

NASDAQ MDLZ traded up $0.50 on Thursday, reaching $53.70. The company had a trading volume of 453,281 shares, compared to its average volume of 6,227,778. The company has a 50 day moving average of $54.55. The company has a market capitalization of $78.24 billion, a PE ratio of 22.07, a price-to-earnings-growth ratio of 2.84 and a beta of 0.82. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.29 and a current ratio of 0.44. Mondelez International Inc has a 52 week low of $38.78 and a 52 week high of $55.85.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. The business had revenue of $6.06 billion during the quarter, compared to the consensus estimate of $6.03 billion. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. The firm’s revenue was down .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.56 earnings per share. As a group, equities research analysts predict that Mondelez International Inc will post 2.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, September 27th. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s dividend payout ratio is currently 42.80%.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

Further Reading: Stock Symbols, CUSIP and Other Stock Identifiers

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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