Handelsbanken Fonder AB Raises Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Handelsbanken Fonder AB boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 612,961 shares of the company's stock after purchasing an additional 50,970 shares during the quarter. Handelsbanken Fonder AB's holdings in Mondelez International were worth $36,612,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Czech National Bank boosted its stake in shares of Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company's stock worth $17,318,000 after buying an additional 17,815 shares during the period. Legacy Private Trust Co. raised its stake in Mondelez International by 33.2% during the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock valued at $229,000 after acquiring an additional 957 shares during the last quarter. Buckingham Capital Management Inc. lifted its position in Mondelez International by 25.5% during the 4th quarter. Buckingham Capital Management Inc. now owns 93,394 shares of the company's stock worth $5,578,000 after acquiring an additional 18,961 shares during the period. Kennedy Investment Group acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $313,000. Finally, Rhumbline Advisers raised its stake in shares of Mondelez International by 1.4% during the fourth quarter. Rhumbline Advisers now owns 2,742,126 shares of the company's stock worth $163,787,000 after purchasing an additional 37,897 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Up 4.1 %

Shares of NASDAQ:MDLZ traded up $2.53 during trading on Friday, reaching $64.70. The stock had a trading volume of 16,289,816 shares, compared to its average volume of 11,136,414. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $83.69 billion, a P/E ratio of 18.92, a PEG ratio of 4.32 and a beta of 0.54. The business has a fifty day moving average price of $58.92 and a 200-day moving average price of $65.94. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.91%. Mondelez International's payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has initiated a share repurchase program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company's management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MDLZ shares. Piper Sandler lowered shares of Mondelez International from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a report on Wednesday, January 8th. DZ Bank lowered Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective on the stock. in a report on Friday, February 7th. Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group lowered shares of Mondelez International from a "buy" rating to a "hold" rating and lowered their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.74.

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.