Birch Hill Investment Advisors LLC lessened its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 0.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 356,740 shares of the company’s stock after selling 2,785 shares during the period. Mondelez International makes up approximately 1.4% of Birch Hill Investment Advisors LLC’s holdings, making the stock its 26th biggest holding. Birch Hill Investment Advisors LLC’s holdings in Mondelez International were worth $19,735,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Ibex Wealth Advisors bought a new position in shares of Mondelez International during the 2nd quarter worth $26,000. Brand Asset Management Group Inc. lifted its stake in shares of Mondelez International by 1,367.6% during the 2nd quarter. Brand Asset Management Group Inc. now owns 499 shares of the company’s stock worth $27,000 after purchasing an additional 465 shares during the last quarter. JNBA Financial Advisors lifted its stake in shares of Mondelez International by 66.0% during the 2nd quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock worth $28,000 after purchasing an additional 210 shares during the last quarter. Manchester Financial Inc. purchased a new stake in shares of Mondelez International during the 2nd quarter worth $30,000. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of Mondelez International during the 2nd quarter worth $32,000. 76.50% of the stock is currently owned by institutional investors.
Mondelez International stock traded up $0.40 during midday trading on Thursday, reaching $54.67. The company’s stock had a trading volume of 171,937 shares, compared to its average volume of 5,711,419. The stock’s 50-day simple moving average is $55.07 and its 200-day simple moving average is $53.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.44 and a quick ratio of 0.29. Mondelez International Inc has a 52-week low of $38.78 and a 52-week high of $56.72. The stock has a market capitalization of $78.19 billion, a P/E ratio of 22.51, a PEG ratio of 2.85 and a beta of 0.80.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, meeting analysts’ consensus estimates of $0.57. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. The company had revenue of $6.06 billion during the quarter, compared to analysts’ expectations of $6.03 billion. During the same period last year, the business posted $0.56 earnings per share. The firm’s revenue was down .8% compared to the same quarter last year. As a group, equities research analysts expect that Mondelez International Inc will post 2.47 earnings per share for the current fiscal year.
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 $0.285 dividend. The ex-dividend date of this dividend was Friday, September 27th. This is a boost from Mondelez International’s previous quarterly dividend of $0.26. This represents a $1.14 dividend on an annualized basis and a yield of 2.09%. Mondelez International’s dividend payout ratio (DPR) is 46.91%.
In other Mondelez International news, EVP Vinzenz P. Gruber sold 40,377 shares of the stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $56.68, for a total value of $2,288,568.36. Following the completion of the sale, the executive vice president now directly owns 112,137 shares in the company, valued at $6,355,925.16. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.50% of the company’s stock.
A number of brokerages recently weighed in on MDLZ. UBS Group set a $62.00 price objective on Mondelez International and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Wells Fargo & Co upped their price objective on Mondelez International from $60.00 to $65.00 and gave the stock a “positive” rating in a research note on Tuesday, July 23rd. Stifel Nicolaus upped their price objective on Mondelez International from $52.00 to $55.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. BidaskClub cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Royal Bank of Canada began coverage on Mondelez International in a research note on Wednesday. They set an “outperform” rating and a $66.00 price objective for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $58.15.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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