Nordea Investment Management AB Boosts Position in Mondelez International, Inc. $MDLZ

Nordea Investment Management AB lifted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.9% in the third quarter, Holdings Channel.com reports. The fund owned 2,283,101 shares of the company’s stock after purchasing an additional 128,147 shares during the period. Nordea Investment Management AB’s holdings in Mondelez International were worth $143,013,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Soundwatch Capital LLC purchased a new position in Mondelez International during the 2nd quarter valued at $27,000. Rossby Financial LCC lifted its position in shares of Mondelez International by 966.7% in the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock worth $30,000 after purchasing an additional 406 shares during the period. Aspect Partners LLC boosted its stake in shares of Mondelez International by 180.5% during the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after purchasing an additional 305 shares in the last quarter. Financial Connections Group Inc. purchased a new position in shares of Mondelez International during the second quarter valued at about $33,000. Finally, Halbert Hargrove Global Advisors LLC raised its stake in Mondelez International by 60.3% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after buying an additional 196 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Up 1.9%

Shares of NASDAQ:MDLZ opened at $55.94 on Wednesday. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The stock has a fifty day simple moving average of $55.21 and a two-hundred day simple moving average of $60.62. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The stock has a market capitalization of $72.18 billion, a price-to-earnings ratio of 20.95 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 28th. The company reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The company had revenue of $9.74 billion during the quarter, compared to analysts’ expectations of $9.76 billion. During the same period in the prior year, the company posted $0.95 earnings per share. The company’s revenue was up 5.9% on a year-over-year basis. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. On average, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.00 annualized dividend and a yield of 3.6%. Mondelez International’s payout ratio is 74.91%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Mizuho cut their price objective on Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a research report on Thursday, January 8th. Zacks Research lowered Mondelez International from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Wells Fargo & Company reduced their price target on Mondelez International from $72.00 to $62.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Royal Bank Of Canada lowered their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Finally, UBS Group dropped their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.26.

Mondelez International Company Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.