Birch Hill Investment Advisors LLC Has $19.65 Million Stake in Mondelez International, Inc. $MDLZ

Key Points

• Birch Hill Investment Advisors LLC reduced its stake in Mondelez International by 8.3% during the second quarter, holding 291,385 shares worth approximately $19.65 million.
• Mondelez International recently announced a quarterly dividend increase, raising its payout from $0.47 to $0.50 per share, symbolizing a 3.2% yield.
• Analysts maintain a consensus rating of "Moderate Buy" for Mondelez International, with an average price target of $70.22, reflecting optimism over the company's performance.

Birch Hill Investment Advisors LLC trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 8.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 291,385 shares of the company's stock after selling 26,511 shares during the period. Birch Hill Investment Advisors LLC's holdings in Mondelez International were worth $19,651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Brighton Jones LLC raised its holdings in shares of Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock worth $874,000 after acquiring an additional 7,025 shares during the period. GAMMA Investing LLC grew its position in Mondelez International by 21.1% in the first quarter. GAMMA Investing LLC now owns 18,316 shares of the company's stock valued at $1,243,000 after purchasing an additional 3,193 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in Mondelez International by 58.2% in the first quarter. Flagship Harbor Advisors LLC now owns 10,883 shares of the company's stock valued at $738,000 after purchasing an additional 4,002 shares in the last quarter. JFS Wealth Advisors LLC grew its position in Mondelez International by 13.3% in the first quarter. JFS Wealth Advisors LLC now owns 2,516 shares of the company's stock valued at $171,000 after purchasing an additional 295 shares in the last quarter. Finally, XML Financial LLC grew its position in Mondelez International by 3.1% in the first quarter. XML Financial LLC now owns 15,361 shares of the company's stock valued at $1,042,000 after purchasing an additional 461 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ opened at $61.75 on Wednesday. The firm has a 50-day moving average of $62.25 and a 200-day moving average of $65.19. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.39. The company has a market cap of $79.90 billion, a PE ratio of 22.62, a price-to-earnings-growth ratio of 5.62 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $7.30 billion during the quarter. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is 73.26%.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of a number of analyst reports. Barclays raised their target price on shares of Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. UBS Group decreased their target price on shares of Mondelez International from $69.00 to $65.00 and set a "neutral" rating for the company in a research report on Wednesday, October 8th. Evercore ISI decreased their target price on shares of Mondelez International from $73.00 to $72.00 and set an "outperform" rating for the company in a research report on Friday, September 26th. JPMorgan Chase & Co. decreased their target price on shares of Mondelez International from $75.00 to $74.00 and set an "overweight" rating for the company in a research report on Friday, October 17th. Finally, Piper Sandler raised their target price on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $70.22.

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.

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