Mill Capital Management LLC Sells 2,650 Shares of Mondelez International, Inc. $MDLZ

Mill Capital Management LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 51,942 shares of the company’s stock after selling 2,650 shares during the period. Mill Capital Management LLC’s holdings in Mondelez International were worth $3,503,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Hemington Wealth Management boosted its holdings in Mondelez International by 11.4% in the first quarter. Hemington Wealth Management now owns 1,519 shares of the company’s stock worth $103,000 after purchasing an additional 156 shares in the last quarter. Checchi Capital Advisers LLC boosted its holdings in Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company’s stock valued at $1,083,000 after acquiring an additional 160 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in shares of Mondelez International by 37.2% in the second quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company’s stock valued at $41,000 after purchasing an additional 163 shares during the last quarter. Enterprise Bank & Trust Co grew its position in shares of Mondelez International by 0.7% in the second quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company’s stock valued at $1,616,000 after purchasing an additional 170 shares during the last quarter. Finally, Sage Private Wealth Group LLC grew its position in shares of Mondelez International by 3.7% in the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company’s stock valued at $334,000 after purchasing an additional 175 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on MDLZ shares. Royal Bank Of Canada lowered their price target on Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 2nd. Bank of America lowered their price target on Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a research report on Wednesday. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday. Finally, Piper Sandler lowered their price target on Mondelez International from $67.00 to $63.00 and set a “neutral” rating on the stock in a research report on Wednesday. Fourteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $68.68.

Mondelez International Stock Down 0.6%

MDLZ stock opened at $57.46 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $71.15. The company has a market cap of $74.35 billion, a PE ratio of 21.52, a price-to-earnings-growth ratio of 5.34 and a beta of 0.45. The business’s 50-day simple moving average is $61.83 and its 200 day simple moving average is $64.85. The company has a quick ratio of 0.39, a current ratio of 0.61 and a debt-to-equity ratio of 0.65.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $7.30 billion for the quarter. On average, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

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.