Swedbank AB Buys 25,532 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Swedbank AB boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 938,077 shares of the company’s stock after purchasing an additional 25,532 shares during the period. Swedbank AB’s holdings in Mondelez International were worth $56,031,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in MDLZ. Northwestern Mutual Wealth Management Co. grew its position in Mondelez International by 5.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 103,824 shares of the company’s stock worth $6,794,000 after purchasing an additional 5,777 shares during the period. EP Wealth Advisors LLC grew its position in Mondelez International by 9.0% in the 2nd quarter. EP Wealth Advisors LLC now owns 24,523 shares of the company’s stock worth $1,605,000 after purchasing an additional 2,023 shares during the period. Advisory Alpha LLC grew its position in Mondelez International by 17.5% in the 2nd quarter. Advisory Alpha LLC now owns 7,000 shares of the company’s stock worth $458,000 after purchasing an additional 1,045 shares during the period. New Century Financial Group LLC bought a new stake in Mondelez International in the 2nd quarter worth approximately $267,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in Mondelez International in the 2nd quarter worth approximately $252,000. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MDLZ shares. Bank of America boosted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Stifel Nicolaus cut their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Wells Fargo & Company reissued an “equal weight” rating and set a $61.00 price objective (down previously from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. UBS Group cut their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. Finally, The Goldman Sachs Group cut their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Five investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $73.06.

Mondelez International Stock Up 0.4 %

Shares of MDLZ stock opened at $57.13 on Thursday. The stock has a market cap of $76.39 billion, a P/E ratio of 20.26, a PEG ratio of 2.96 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The company’s fifty day simple moving average is $60.49 and its two-hundred day simple moving average is $66.84.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.82 EPS. Analysts predict that Mondelez International, Inc. will post 3.45 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is currently 66.67%.

Mondelez International announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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.