Park National Corp OH sells 163 shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Park National Corp OH reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 2.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,829 shares of the company’s stock after selling 163 shares during the quarter. Park National Corp OH’s holdings in Mondelez International were worth $512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Bogart Wealth LLC boosted its holdings in shares of Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after buying an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. bought a new position in shares of Mondelez International in the fourth quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Mondelez International in the second quarter valued at $26,000. Lynx Investment Advisory purchased a new position in Mondelez International in the second quarter valued at $27,000. Finally, HHM Wealth Advisors LLC purchased a new position in Mondelez International in the fourth quarter valued at $29,000. Institutional investors own 78.32% of the company’s shares.

The Wall Street analyst weighs in

Several brokerages have recently issued reports on MDLZ. Piper Sandler cut their price target on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday. Sanford C. Bernstein cut their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Stifel Nicolaus cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Goldman Sachs Group assumed coverage on shares of Mondelez International in a research report on Monday. They set a “buy” rating and a $80.00 price target for the company. Finally, Wells Fargo & Company cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Tuesday, 4 June. One analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.61, according to MarketBeat .

See the latest inventory report on Mondelez International

Mondelez International Price Performance

Shares of MDLZ stock opened at $69.28 on Tuesday. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The company has a market cap of $92.93 billion, a P/E ratio of 21.99, a PEG ratio of 2.76 and a beta of 0.53. The firm has a 50-day moving average of $67.00 and a 200-day moving average of $69.60. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68, and a quick ratio of 0.63.

Mondelez International (NASDAQ:MDLZ – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. In the same period last year, the firm earned $0.76 per share. Mondelez International’s revenue fell 1.9% year-on-year. On average, sell-side analysts estimate that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International raises dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be given a $0.47 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a dividend of $1.88 on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Monday, September 30. Mondelez International’s dividend yield is currently 59.68%.

About Mondelez International

(Free report)

Mondelez International, Inc, through its subsidiaries, manufactures, markets and sells snack foods and beverages in Latin America, North America, Asia, the Middle East, Africa and Europe. Offers baked cookies and snacks, including cookies, crackers, savory snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheeses and powdered food and beverage products.

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