Bourgeon Capital Management LLC Sells 1,369 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Bourgeon Capital Management LLC lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 173,960 shares of the company’s stock after selling 1,369 shares during the quarter. Mondelez International comprises about 1.9% of Bourgeon Capital Management LLC’s investment portfolio, making the stock its 20th largest holding. Bourgeon Capital Management LLC’s holdings in Mondelez International were worth $10,391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Czech National Bank increased its holdings in shares of Mondelez International by 6.5% in the fourth quarter. Czech National Bank now owns 289,931 shares of the company’s stock valued at $17,318,000 after purchasing an additional 17,815 shares during the last quarter. Legacy Private Trust Co. raised its position in shares of Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock valued at $229,000 after buying an additional 957 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in Mondelez International by 1,904.9% in the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock valued at $31,369,000 after buying an additional 404,567 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after buying an additional 14,278 shares during the last quarter. Finally, Miracle Mile Advisors LLC raised its position in Mondelez International by 374.9% in the fourth quarter. Miracle Mile Advisors LLC now owns 22,124 shares of the company’s stock valued at $1,321,000 after purchasing an additional 17,465 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

MDLZ opened at $57.60 on Wednesday. The stock’s 50-day moving average price is $61.43 and its 200 day moving average price is $67.20. The firm has a market cap of $77.02 billion, a price-to-earnings ratio of 20.43, a PEG ratio of 3.12 and a beta of 0.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12-month low of $55.97 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the business earned $0.82 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.47 earnings per share for the current year.

Mondelez International announced that its Board of Directors has initiated a stock buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid 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 dividend yield of 3.26%. Mondelez International’s dividend payout ratio is currently 66.67%.

Analysts Set New Price Targets

A number of equities analysts recently commented on MDLZ shares. Citigroup cut their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Evercore ISI raised their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Bank of America boosted their target price 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 reduced their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Five analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.13.

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.