Birch Hill Investment Advisors LLC Sells 96,604 Shares of Mondelez International, Inc. $MDLZ

Birch Hill Investment Advisors LLC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 33.2% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 194,781 shares of the company’s stock after selling 96,604 shares during the period. Birch Hill Investment Advisors LLC’s holdings in Mondelez International were worth $12,168,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after acquiring an additional 7,025 shares during the last quarter. Kestra Investment Management LLC raised its position in shares of Mondelez International by 3,197.7% during the first quarter. Kestra Investment Management LLC now owns 1,418 shares of the company’s stock worth $96,000 after acquiring an additional 1,375 shares during the last quarter. Faithward Advisors LLC lifted its position in Mondelez International by 7.8% during the 1st quarter. Faithward Advisors LLC now owns 3,645 shares of the company’s stock valued at $247,000 after purchasing an additional 265 shares during the period. SCS Capital Management LLC acquired a new position in Mondelez International in the first quarter valued at approximately $285,000. Finally, Advisory Alpha LLC boosted its position in shares of Mondelez International by 13.0% in the 1st quarter. Advisory Alpha LLC now owns 11,252 shares of the company’s stock worth $763,000 after purchasing an additional 1,295 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on MDLZ. Mizuho decreased their price objective on shares of Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Sanford C. Bernstein lowered their target price on Mondelez International from $85.00 to $84.00 and set an “outperform” rating for the company in a research note on Wednesday, October 29th. DA Davidson dropped their target price on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a report on Monday, November 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $74.00 to $71.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 29th. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $66.83.

Mondelez International Stock Down 2.3%

Mondelez International stock opened at $51.51 on Thursday. The firm has a 50 day simple moving average of $55.37 and a 200 day simple moving average of $61.03. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. Mondelez International, Inc. has a 1-year low of $51.44 and a 1-year high of $71.15. The firm has a market capitalization of $66.47 billion, a price-to-earnings ratio of 19.29 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $7.30 billion during the quarter. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. On average, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. Mondelez International’s payout ratio is presently 74.91%.

About Mondelez International

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.