Sageworth Trust Co Purchases Shares of 7,842 Mondelez International, Inc. (NASDAQ:MDLZ)

Sageworth Trust Co purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,842 shares of the company’s stock, valued at approximately $578,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Mondelez International in the 2nd quarter valued at $26,000. Lynx Investment Advisory bought a new stake in shares of Mondelez International in the 2nd quarter valued at $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Mondelez International during the second quarter worth $29,000. ESL Trust Services LLC bought a new position in Mondelez International during the first quarter worth $38,000. Finally, Albion Financial Group UT bought a new position in Mondelez International during the first quarter worth $44,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MDLZ. Barclays cut their target price 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. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Stifel Nicolaus raised their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday. Piper Sandler dropped their price objective on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Citigroup increased their target price on shares of Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.35.

Mondelez International Price Performance

Mondelez International stock traded down $0.72 during mid-day trading on Friday, hitting $69.23. 6,176,667 shares of the company traded hands, compared to its average volume of 4,962,339. Mondelez International, Inc. has a one year low of $64.18 and a one year high of $77.20. The stock has a market cap of $92.86 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The stock has a fifty day moving average price of $72.55 and a 200-day moving average price of $69.67.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, beating 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 business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same period in the previous year, the business posted $0.76 earnings per share. Mondelez International’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, equities analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were paid a dividend of $0.47 per share. The ex-dividend date was Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

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.