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

BDF Gestion lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Mondelez International by 5.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 103,824 shares of the company's stock valued at $6,794,000 after acquiring an additional 5,777 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of Mondelez International by 9.0% in the 2nd quarter. EP Wealth Advisors LLC now owns 24,523 shares of the company's stock worth $1,605,000 after purchasing an additional 2,023 shares during the period. Advisory Alpha LLC boosted its stake in shares of Mondelez International by 17.5% during the second quarter. Advisory Alpha LLC now owns 7,000 shares of the company's stock valued at $458,000 after purchasing an additional 1,045 shares in the last quarter. New Century Financial Group LLC purchased a new position in Mondelez International during the second quarter valued at approximately $267,000. Finally, Strategic Investment Solutions Inc. IL bought a new position in Mondelez International in the second quarter worth approximately $252,000. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Performance

Shares of MDLZ stock traded up $1.28 on Thursday, hitting $58.41. The company had a trading volume of 9,015,359 shares, compared to its average volume of 10,326,917. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a market cap of $78.11 billion, a P/E ratio of 20.71, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. The company has a 50-day moving average price of $60.34 and a 200-day moving average price of $66.77.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. Mondelez International's revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.82 earnings per share. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.45 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given 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 3.22%. Mondelez International's dividend payout ratio is presently 66.67%.

Mondelez International announced that its board has approved a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

MDLZ has been the topic of several recent research reports. Stifel Nicolaus dropped their target price on Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, January 24th. The Goldman Sachs Group cut their target price on Mondelez International from $79.00 to $68.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a "buy" rating and a $82.00 price target for the company. Piper Sandler cut their price objective on shares of Mondelez International from $84.00 to $70.00 and set an "overweight" rating on the stock in a research report on Thursday, January 16th. Finally, Wells Fargo & Company reissued an "equal weight" rating and set a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average target price of $73.18.

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.