BDF Gestion Sells 14,043 Shares of Mondelez International, Inc. $MDLZ

BDF Gestion lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 17.2% in the 3rd quarter, according to the company in its most recent 13F filing with the 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 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Norges Bank bought a new stake in Mondelez International during the second quarter worth approximately $1,239,834,000. First Trust Advisors LP lifted its stake in shares of Mondelez International by 197.9% in the second quarter. First Trust Advisors LP now owns 4,066,155 shares of the company’s stock worth $274,221,000 after buying an additional 2,701,229 shares during the last quarter. Corient Private Wealth LLC lifted its stake in shares of Mondelez International by 88.1% in the second quarter. Corient Private Wealth LLC now owns 4,312,887 shares of the company’s stock worth $290,862,000 after buying an additional 2,020,135 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of Mondelez International by 10.7% during the 2nd quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock worth $936,894,000 after buying an additional 1,345,078 shares during the period. Finally, Ilex Capital Partners UK LLP grew its stake in Mondelez International by 110.2% in the 2nd quarter. Ilex Capital Partners UK LLP now owns 2,348,096 shares of the company’s stock valued at $158,356,000 after buying an additional 1,231,164 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 0.5%

Shares of MDLZ opened at $54.50 on Friday. Mondelez International, Inc. has a 12-month low of $53.13 and a 12-month high of $71.15. 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 price-to-earnings ratio of 20.41 and a beta of 0.39. The stock’s 50-day moving average price is $57.28 and its 200 day moving average price is $62.24.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. The company 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 declared a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders 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 of this dividend is Wednesday, December 31st. Mondelez International’s payout ratio is 74.91%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MDLZ. Zacks Research cut shares of Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Morgan Stanley dropped their price objective on Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Thursday, December 11th. Barclays decreased their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Wells Fargo & Company lowered their target price on Mondelez International from $74.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, October 29th. Finally, UBS Group reduced their price objective on Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $67.58.

Mondelez International 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.