Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Bourgeon Capital Management LLC

Bourgeon Capital Management LLC trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 173,960 shares of the company’s stock after selling 1,369 shares during the quarter. Mondelez International accounts for approximately 1.9% of Bourgeon Capital Management LLC’s holdings, making the stock its 20th biggest holding. Bourgeon Capital Management LLC’s holdings in Mondelez International were worth $10,391,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Exchange Bank boosted its position in shares of Mondelez International by 5.5% in the fourth quarter. Exchange Bank now owns 11,237 shares of the company’s stock worth $671,000 after buying an additional 590 shares during the period. Monterey Private Wealth Inc. increased its stake in shares of Mondelez International by 8.1% during the 4th quarter. Monterey Private Wealth Inc. now owns 3,592 shares of the company’s stock worth $215,000 after purchasing an additional 269 shares during the last quarter. Clear Harbor Asset Management LLC raised its holdings in Mondelez International by 11.5% during the fourth quarter. Clear Harbor Asset Management LLC now owns 8,307 shares of the company’s stock valued at $496,000 after buying an additional 860 shares in the last quarter. Aspiriant LLC raised its stake in shares of Mondelez International by 7.7% in the 4th quarter. Aspiriant LLC now owns 3,588 shares of the company’s stock valued at $214,000 after acquiring an additional 255 shares in the last quarter. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of Mondelez International by 7.5% in the fourth quarter. Crossmark Global Holdings Inc. now owns 278,497 shares of the company’s stock worth $16,634,000 after buying an additional 19,506 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.4 %

Shares of MDLZ opened at $57.60 on Wednesday. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. The stock has a market cap of $77.02 billion, a PE ratio of 20.43, a P/E/G ratio of 3.12 and a beta of 0.54. 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 business’s 50-day moving average price is $61.43 and its 200-day moving average price is $67.20.

Mondelez International (NASDAQ:MDLZ) last announced its 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. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.82 earnings per share. On average, equities analysts forecast that Mondelez International, Inc. will post 3.47 EPS for the current fiscal 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 of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.26%. Mondelez International’s payout ratio is presently 66.67%.

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

Analyst Upgrades and Downgrades

MDLZ has been the subject of several research reports. Stifel Nicolaus increased their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Citigroup decreased their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. UBS Group dropped their target price on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Redburn Atlantic assumed coverage on Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Finally, Wells Fargo & Company reiterated an “equal weight” rating and issued a $61.00 target price (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $74.13.

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.