Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Lowered by Birch Hill Investment Advisors LLC

Birch Hill Investment Advisors LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 343,296 shares of the company’s stock after selling 12,755 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Mondelez International were worth $20,505,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Truvestments Capital LLC acquired a new position in shares of Mondelez International in the 3rd quarter worth approximately $25,000. Prospera Private Wealth LLC bought a new stake in Mondelez International during the third quarter worth approximately $27,000. Hager Investment Management Services LLC acquired a new position in Mondelez International in the fourth quarter worth approximately $27,000. Richardson Financial Services Inc. increased its holdings in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares in the last quarter. Finally, Highline Wealth Partners LLC acquired a new stake in shares of Mondelez International during the 3rd quarter valued at $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MDLZ shares. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. DZ Bank downgraded Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a report on Friday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. The Goldman Sachs Group cut their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Citigroup decreased their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average price target of $69.72.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $58.45 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock’s 50-day moving average is $59.34 and its two-hundred day moving average is $66.35. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. The firm has a market cap of $78.16 billion, a P/E ratio of 17.09, a PEG ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 12.68% and a return on equity of 16.75%. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.22%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is presently 54.97%.

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.