Swedbank AB Sells 121,989 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Swedbank AB lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 11.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 912,545 shares of the company’s stock after selling 121,989 shares during the quarter. Swedbank AB’s holdings in Mondelez International were worth $67,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. bought a new stake in Mondelez International in the 2nd quarter worth approximately $26,000. Lynx Investment Advisory bought a new stake in Mondelez International in the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in Mondelez International in the 2nd quarter worth approximately $29,000. ESL Trust Services LLC bought a new stake in Mondelez International in the 1st quarter worth approximately $38,000. Finally, Albion Financial Group UT bought a new stake in Mondelez International in the 1st quarter worth approximately $44,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on MDLZ shares. Barclays cut their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Sanford C. Bernstein dropped their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Evercore ISI lifted their price target on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Finally, DA Davidson dropped their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. One analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $78.65.

Mondelez International Stock Up 1.8 %

MDLZ opened at $71.80 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. Mondelez International, Inc. has a fifty-two week low of $61.83 and a fifty-two week high of $77.20. The firm’s fifty day moving average is $72.43 and its 200 day moving average is $69.57. The stock has a market cap of $96.31 billion, a price-to-earnings ratio of 22.79, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the company earned $0.76 EPS. Mondelez International’s revenue for the quarter was down 1.9% on a year-over-year basis. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.5 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were paid a $0.47 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.62%. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is presently 59.68%.

Mondelez International 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.