Boston Common Asset Management LLC Trims Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Boston Common Asset Management LLC reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 33.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 59,577 shares of the company's stock after selling 29,497 shares during the quarter. Boston Common Asset Management LLC's holdings in Mondelez International were worth $3,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MDLZ. Avanza Fonder AB purchased a new stake in Mondelez International in the 4th quarter worth about $8,280,000. Tompkins Financial Corp boosted its position in Mondelez International by 111.9% during the fourth quarter. Tompkins Financial Corp now owns 7,861 shares of the company's stock worth $470,000 after purchasing an additional 4,152 shares during the period. Empirical Asset Management LLC increased its stake in shares of Mondelez International by 130.3% in the fourth quarter. Empirical Asset Management LLC now owns 53,742 shares of the company's stock worth $3,210,000 after purchasing an additional 30,410 shares in the last quarter. BFI Infinity Ltd. bought a new stake in shares of Mondelez International in the fourth quarter valued at approximately $285,000. Finally, Sawyer & Company Inc lifted its stake in shares of Mondelez International by 53.9% during the 4th quarter. Sawyer & Company Inc now owns 4,139 shares of the company's stock valued at $247,000 after buying an additional 1,450 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded down $0.14 during trading hours on Friday, reaching $57.86. 12,663,200 shares of the stock traded hands, compared to its average volume of 8,683,674. The company has a market capitalization of $77.37 billion, a P/E ratio of 20.52, a price-to-earnings-growth ratio of 2.99 and a beta of 0.54. The company's 50-day simple moving average is $61.59 and its two-hundred day simple moving average is $67.24. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 52-week low of $55.97 and a 52-week high of $77.20.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period in the previous 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 3.48 EPS for the current year.

Mondelez International declared that its Board of Directors has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date was Tuesday, December 31st. Mondelez International's dividend payout ratio (DPR) is presently 66.67%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their price objective for the company from $78.00 to $67.00 in a research note on Thursday, December 12th. Wells Fargo & Company reiterated an "equal weight" rating and set a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Stifel Nicolaus increased their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Bank of America boosted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Finally, UBS Group cut their price target on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $74.93.

Mondelez International Company 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.