Swedbank AB Raises Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Swedbank AB grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 938,077 shares of the company's stock after purchasing an additional 25,532 shares during the period. Swedbank AB owned about 0.07% of Mondelez International worth $56,031,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Axiom Advisory LLC lifted its stake in Mondelez International by 1.6% during the 3rd quarter. Axiom Advisory LLC now owns 9,152 shares of the company's stock valued at $643,000 after acquiring an additional 143 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its holdings in Mondelez International by 16.5% during the third quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company's stock worth $78,000 after purchasing an additional 150 shares during the last quarter. Carnegie Investment Counsel increased its stake in Mondelez International by 1.4% in the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company's stock valued at $811,000 after buying an additional 151 shares during the last quarter. SeaCrest Wealth Management LLC boosted its stake in shares of Mondelez International by 1.3% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 12,130 shares of the company's stock worth $894,000 after buying an additional 156 shares during the last quarter. Finally, Quent Capital LLC grew its holdings in shares of Mondelez International by 5.5% in the third quarter. Quent Capital LLC now owns 3,047 shares of the company's stock valued at $225,000 after acquiring an additional 160 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded up $0.57 during trading hours on Thursday, reaching $57.70. 2,839,117 shares of the stock traded hands, compared to its average volume of 9,994,647. The company has a market capitalization of $77.15 billion, a P/E ratio of 20.46, a price-to-earnings-growth 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's 50-day simple moving average is $60.34 and its two-hundred day simple moving average is $66.77. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.82 earnings per share. Equities research analysts forecast that Mondelez International, Inc. will post 3.45 EPS for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a yield of 3.26%. Mondelez International's dividend payout ratio is currently 66.67%.

Mondelez International declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MDLZ. Stifel Nicolaus cut their price target on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a report on Friday, January 24th. Jefferies Financial Group lowered Mondelez International from a "buy" rating to a "hold" rating and lowered their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Piper Sandler lowered their price objective on Mondelez International from $84.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Finally, Bank of America upped their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Tuesday, October 15th. Five research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and an average target price of $73.18.

About Mondelez International

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.