Mitchell Sinkler & Starr PA Has $212,000 Stock Holdings in Mondelez International, Inc. $MDLZ

Mitchell Sinkler & Starr PA trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 73.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,145 shares of the company’s stock after selling 8,737 shares during the quarter. Mitchell Sinkler & Starr PA’s holdings in Mondelez International were worth $212,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of MDLZ. Hemington Wealth Management lifted its position in shares of Mondelez International by 11.4% in the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock valued at $103,000 after buying an additional 156 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Mondelez International by 1.0% during the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock worth $1,083,000 after acquiring an additional 160 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mondelez International by 37.2% during the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock worth $41,000 after acquiring an additional 163 shares during the period. Sound Income Strategies LLC boosted its stake in shares of Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company’s stock worth $115,000 after acquiring an additional 168 shares during the period. Finally, Enterprise Bank & Trust Co boosted its stake in shares of Mondelez International by 0.7% during the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock worth $1,616,000 after acquiring an additional 170 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MDLZ. Dbs Bank upgraded Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Piper Sandler lifted their target price on Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. Evercore ISI reduced their target price on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. JPMorgan Chase & Co. began coverage on Mondelez International in a research note on Wednesday, August 20th. They set an “overweight” rating and a $75.00 target price for the company. Finally, Barclays lifted their target price on Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $71.55.

Mondelez International Stock Performance

MDLZ opened at $61.45 on Friday. The business has a fifty day simple moving average of $62.28 and a 200 day simple moving average of $65.45. The company has a market capitalization of $79.51 billion, a PE ratio of 22.51, a price-to-earnings-growth ratio of 4.65 and a beta of 0.45. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $72.70. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

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

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s payout ratio is presently 73.26%.

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.