Mitchell Sinkler & Starr PA Sells 5,067 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Mitchell Sinkler & Starr PA reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 29.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 11,882 shares of the company’s stock after selling 5,067 shares during the period. Mitchell Sinkler & Starr PA’s holdings in Mondelez International were worth $795,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ables Iannone Moore & Associates Inc. acquired a new position in Mondelez International during the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new stake in Mondelez International during the 2nd quarter valued at about $26,000. Lynx Investment Advisory purchased a new position in Mondelez International during the second quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Mondelez International during the 2nd quarter valued at about $29,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $34,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Down 0.8 %

Shares of Mondelez International stock opened at $75.13 on Wednesday. The firm has a market capitalization of $100.78 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 3.05 and a beta of 0.54. The company’s fifty day moving average price is $69.23 and its two-hundred day moving average price is $69.30. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week 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.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s revenue for the quarter 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, analysts expect that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.50%. Mondelez International’s payout ratio is presently 59.68%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. DA Davidson dropped their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Sanford C. Bernstein lowered their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Barclays cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. TD Cowen decreased their price objective on Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a report on Thursday, June 6th. Finally, JPMorgan Chase & Co. boosted their price target on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

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.