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

Key Points

• Mitchell Sinkler & Starr PA significantly reduced its stake in Mondelez International by 73.5%, holding a total of 3,145 shares valued at approximately $212,000.
• Several hedge funds have made notable adjustments to their positions in Mondelez, including Brighton Jones LLC increasing its stake by 92.4% in the last quarter.
• Mondelez recently announced an increase in its quarterly dividend from $0.47 to $0.50 per share, reflecting a 3.3% dividend yield.

Mitchell Sinkler & Starr PA decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 73.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in MDLZ. Brighton Jones LLC lifted its stake in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after buying an additional 7,025 shares during the period. Wealthcare Advisory Partners LLC raised its position in shares of Mondelez International by 8.3% during the first quarter. Wealthcare Advisory Partners LLC now owns 7,458 shares of the company's stock worth $506,000 after purchasing an additional 573 shares during the period. GAMMA Investing LLC raised its position in shares of Mondelez International by 21.1% during the first quarter. GAMMA Investing LLC now owns 18,316 shares of the company's stock worth $1,243,000 after purchasing an additional 3,193 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Mondelez International by 0.9% during the first quarter. Assenagon Asset Management S.A. now owns 39,978 shares of the company's stock worth $2,713,000 after purchasing an additional 361 shares during the period. Finally, Union Bancaire Privee UBP SA raised its position in shares of Mondelez International by 131.6% during the first quarter. Union Bancaire Privee UBP SA now owns 4,400 shares of the company's stock worth $278,000 after purchasing an additional 2,500 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MDLZ. Piper Sandler raised their price target on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Wells Fargo & Company dropped their price target on Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. UBS Group dropped their price target on Mondelez International from $69.00 to $65.00 and set a "neutral" rating on the stock in a research report on Wednesday. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Mondelez International in a research report on Saturday, September 27th. Finally, Stifel Nicolaus raised their price target on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $71.55.

Mondelez International Stock Up 0.7%

NASDAQ:MDLZ opened at $61.45 on Friday. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The company has a market cap of $79.51 billion, a PE ratio of 22.51, a PEG ratio of 4.65 and a beta of 0.45. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $72.70. The stock has a 50-day simple moving average of $62.28 and a 200 day simple moving average of $65.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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%. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

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

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.

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