Boston Trust Walden Corp Sells 270 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Boston Trust Walden Corp trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,728 shares of the company’s stock after selling 270 shares during the period. Boston Trust Walden Corp’s holdings in Mondelez International were worth $581,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Czech National Bank raised its position in Mondelez International by 6.5% in the 3rd quarter. Czech National Bank now owns 272,116 shares of the company’s stock valued at $20,047,000 after buying an additional 16,507 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Mondelez International by 48.1% in the 3rd quarter. GAMMA Investing LLC now owns 20,694 shares of the company’s stock worth $1,525,000 after acquiring an additional 6,719 shares in the last quarter. Heartwood Wealth Advisors LLC purchased a new stake in shares of Mondelez International in the third quarter valued at about $204,000. Greenfield Savings Bank lifted its position in shares of Mondelez International by 14.0% during the third quarter. Greenfield Savings Bank now owns 17,904 shares of the company’s stock valued at $1,319,000 after purchasing an additional 2,193 shares in the last quarter. Finally, Bangor Savings Bank boosted its holdings in Mondelez International by 89.0% during the third quarter. Bangor Savings Bank now owns 4,794 shares of the company’s stock worth $353,000 after purchasing an additional 2,258 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of several analyst reports. The Goldman Sachs Group decreased their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Citigroup lowered their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $72.76.

Mondelez International Trading Down 2.2 %

Shares of MDLZ stock opened at $56.12 on Wednesday. The stock has a market capitalization of $75.04 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 3.12 and a beta of 0.54. The company’s fifty day simple moving average is $59.94 and its two-hundred day simple moving average is $66.60. Mondelez International, Inc. has a 1 year low of $55.88 and a 1 year high of $76.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. As a group, analysts anticipate that Mondelez International, Inc. will post 3.44 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.35%. Mondelez International’s dividend payout ratio is currently 66.67%.

Mondelez International announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Mondelez International 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.