BDF Gestion Has $4.22 Million Holdings in Mondelez International, Inc. $MDLZ

BDF Gestion decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,549 shares of the company’s stock after selling 14,043 shares during the quarter. BDF Gestion’s holdings in Mondelez International were worth $4,220,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after purchasing an additional 7,025 shares during the last quarter. Wellington Management Group LLP grew its stake in Mondelez International by 46.7% during the first quarter. Wellington Management Group LLP now owns 571,759 shares of the company’s stock worth $38,794,000 after buying an additional 182,026 shares during the last quarter. EntryPoint Capital LLC acquired a new stake in shares of Mondelez International during the first quarter worth approximately $268,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Mondelez International by 36.3% in the first quarter. T. Rowe Price Investment Management Inc. now owns 13,071 shares of the company’s stock valued at $887,000 after acquiring an additional 3,484 shares during the last quarter. Finally, United Asset Strategies Inc. boosted its holdings in shares of Mondelez International by 3.1% in the 1st quarter. United Asset Strategies Inc. now owns 15,308 shares of the company’s stock worth $1,039,000 after acquiring an additional 457 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Down 0.5%

Shares of MDLZ opened at $54.50 on Friday. The stock’s fifty day simple moving average is $57.28 and its 200-day simple moving average is $62.24. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $70.32 billion, a PE ratio of 20.41 and a beta of 0.39. Mondelez International, Inc. has a 12-month low of $53.13 and a 12-month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The firm had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, December 31st. Mondelez International’s dividend payout ratio is currently 74.91%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent analyst reports. Piper Sandler dropped their price target on Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, November 21st. DA Davidson decreased their target price on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. JPMorgan Chase & Co. cut their price target on Mondelez International from $74.00 to $71.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Finally, Wells Fargo & Company lowered their price objective on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, October 29th. Fourteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.58.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.