Bourgeon Capital Management LLC Reduces Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Bourgeon Capital Management LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 169,719 shares of the company's stock after selling 4,241 shares during the quarter. Mondelez International comprises 2.5% of Bourgeon Capital Management LLC's investment portfolio, making the stock its 13th biggest holding. Bourgeon Capital Management LLC's holdings in Mondelez International were worth $11,516,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of Mondelez International during the 4th quarter valued at $1,118,755,000. Capital Research Global Investors increased its stake in Mondelez International by 13.9% in the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock valued at $2,241,637,000 after purchasing an additional 4,572,555 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Mondelez International during the fourth quarter valued at about $256,832,000. Van ECK Associates Corp raised its holdings in shares of Mondelez International by 2,560.0% during the fourth quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock valued at $203,749,000 after purchasing an additional 3,282,937 shares during the period. Finally, Deutsche Bank AG boosted its position in shares of Mondelez International by 17.1% during the 4th quarter. Deutsche Bank AG now owns 13,734,080 shares of the company's stock worth $820,337,000 after purchasing an additional 2,002,640 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MDLZ. Piper Sandler boosted their target price on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. Evercore ISI lifted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. Morgan Stanley boosted their price target on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Wells Fargo & Company raised their price objective on shares of Mondelez International from $64.00 to $68.00 and gave the company an "equal weight" rating in a research note on Wednesday, April 2nd. Finally, Argus downgraded shares of Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $70.55.

Mondelez International Stock Performance

MDLZ traded down $0.41 during midday trading on Wednesday, reaching $66.63. The company had a trading volume of 5,977,968 shares, compared to its average volume of 8,020,528. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a market cap of $86.27 billion, a PE ratio of 19.48, a P/E/G ratio of 4.34 and a beta of 0.48. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The business has a 50-day moving average price of $66.51 and a two-hundred day moving average price of $63.34.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. Mondelez International's revenue was up .2% on a year-over-year basis. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.82%. Mondelez International's dividend payout ratio is presently 69.89%.

Mondelez International Company Profile

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.