Livforsakringsbolaget Skandia Omsesidigt Sells 1,900 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Livforsakringsbolaget Skandia Omsesidigt trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 21.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,142 shares of the company’s stock after selling 1,900 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Mondelez International were worth $487,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Mondelez International during the fourth quarter worth approximately $1,118,755,000. Capital Research Global Investors raised its position in shares of Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company’s stock worth $2,241,637,000 after purchasing an additional 4,572,555 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Mondelez International during the fourth quarter worth approximately $256,832,000. Van ECK Associates Corp raised its position 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 worth $203,749,000 after purchasing an additional 3,282,937 shares during the period. Finally, Deutsche Bank AG raised its position in shares of Mondelez International by 17.1% during the fourth 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 during the period. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research reports. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Stifel Nicolaus upped their target price on Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, April 30th. Evercore ISI upped their target price on Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Morgan Stanley upped their target price on Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Finally, Piper Sandler upped their price target on Mondelez International from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $70.11.

Mondelez International Stock Up 0.8%

Shares of NASDAQ:MDLZ opened at $66.70 on Tuesday. The company has a market capitalization of $86.36 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The business has a fifty day moving average price of $66.44 and a two-hundred day moving average price of $63.40. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 EPS. Analysts forecast 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 Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.82%. Mondelez International’s dividend payout ratio (DPR) 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.