BDF Gestion Reduces Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

BDF Gestion lessened its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 11.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,482 shares of the company’s stock after selling 11,751 shares during the period. BDF Gestion’s holdings in Mondelez International were worth $5,404,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Mondelez International by 5.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 103,824 shares of the company’s stock valued at $6,794,000 after purchasing an additional 5,777 shares during the last quarter. EP Wealth Advisors LLC increased its holdings in shares of Mondelez International by 9.0% during the 2nd quarter. EP Wealth Advisors LLC now owns 24,523 shares of the company’s stock worth $1,605,000 after buying an additional 2,023 shares during the last quarter. Advisory Alpha LLC raised its position in shares of Mondelez International by 17.5% in the 2nd quarter. Advisory Alpha LLC now owns 7,000 shares of the company’s stock worth $458,000 after buying an additional 1,045 shares during the period. New Century Financial Group LLC acquired a new position in Mondelez International in the second quarter valued at $267,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Mondelez International during the second quarter valued at about $252,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on MDLZ shares. Redburn Atlantic began coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Citigroup lowered their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus reduced their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price 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. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $73.06.

Mondelez International Trading Up 0.4 %

Mondelez International stock opened at $57.13 on Thursday. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a market capitalization of $76.39 billion, a PE ratio of 20.26, a PEG ratio of 2.96 and a beta of 0.54. The business’s 50-day simple moving average is $60.49 and its 200-day simple moving average is $66.84.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period last year, the business posted $0.82 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. Equities research analysts forecast that Mondelez International, Inc. will post 3.45 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.29%. Mondelez International’s payout ratio is currently 66.67%.

Mondelez International declared that its board has initiated a stock repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors 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.