Birch Hill Investment Advisors LLC Has $21.57 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Birch Hill Investment Advisors LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 317,896 shares of the company's stock after selling 25,400 shares during the quarter. Birch Hill Investment Advisors LLC's holdings in Mondelez International were worth $21,569,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of MDLZ. Brighton Jones LLC boosted its position 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 period. Bank Pictet & Cie Europe AG raised its stake in shares of Mondelez International by 1.1% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after purchasing an additional 3,706 shares in the last quarter. Principal Securities Inc. raised its stake in shares of Mondelez International by 12.3% in the fourth quarter. Principal Securities Inc. now owns 15,006 shares of the company's stock valued at $896,000 after purchasing an additional 1,639 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in shares of Mondelez International in the fourth quarter valued at $1,682,000. Finally, J.W. Cole Advisors Inc. raised its stake in shares of Mondelez International by 6.5% in the fourth quarter. J.W. Cole Advisors Inc. now owns 9,481 shares of the company's stock valued at $566,000 after purchasing an additional 576 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MDLZ shares. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Barclays upped their target price on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley upped their target price on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. UBS Group increased their price objective on Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research note on Thursday, April 17th. Finally, Wells Fargo & Company increased their price objective on Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.11.

Mondelez International Price Performance

MDLZ stock remained flat at $66.35 during midday trading on Wednesday. The company had a trading volume of 7,003,125 shares, compared to its average volume of 8,068,521. The business's fifty day moving average price is $66.63 and its two-hundred day moving average price is $63.50. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $85.91 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 5.14 and a beta of 0.48. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The company's revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. On average, equities analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced 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 of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.83%. Mondelez International's payout ratio is currently 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.