Mondelez International, Inc. (NASDAQ:MDLZ) is Pavion Blue Capital LLC’s 9th Largest Position

Pavion Blue Capital LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,639 shares of the company’s stock after buying an additional 896 shares during the period. Mondelez International comprises 3.0% of Pavion Blue Capital LLC’s investment portfolio, making the stock its 9th biggest position. Pavion Blue Capital LLC’s holdings in Mondelez International were worth $6,456,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Mondelez International by 5.4% during the first quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after acquiring an additional 6,696,897 shares during the last quarter. Capital Research Global Investors boosted its position in Mondelez International by 7.3% during the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock worth $2,274,792,000 after acquiring an additional 2,206,023 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after acquiring an additional 4,794,746 shares during the last quarter. Legal & General Group Plc boosted its position in Mondelez International by 2.6% during the second quarter. Legal & General Group Plc now owns 11,452,735 shares of the company’s stock worth $749,467,000 after acquiring an additional 293,773 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Mondelez International by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock worth $587,094,000 after acquiring an additional 1,071,719 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of MDLZ opened at $69.23 on Friday. Mondelez International, Inc. has a fifty-two week low of $64.18 and a fifty-two week high of $77.20. The firm’s 50 day moving average price is $72.55 and its 200 day moving average price is $69.67. The company has a market cap of $92.86 billion, a P/E ratio of 21.98, a PEG ratio of 2.98 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

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

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were paid a dividend of $0.47 per share. 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 2.72%. The ex-dividend date was Monday, September 30th. Mondelez International’s dividend payout ratio is presently 59.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on MDLZ shares. Barclays decreased their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday. The Goldman Sachs Group started coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. Piper Sandler decreased their target price on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Redburn Atlantic started coverage on shares of Mondelez International in a report on Tuesday. They issued a “buy” rating and a $82.00 target price on the stock. One 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 currently has an average rating of “Moderate Buy” and a consensus price target of $79.35.

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.