Swiss National Bank Has $225.40 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Swiss National Bank lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,773,624 shares of the company's stock after selling 207,800 shares during the period. Swiss National Bank owned about 0.28% of Mondelez International worth $225,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Truvestments Capital LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at about $25,000. Marshall Investment Management LLC acquired a new position in Mondelez International in the fourth quarter valued at approximately $26,000. Prospera Private Wealth LLC acquired a new position in Mondelez International in the third quarter valued at approximately $27,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International during the 4th quarter worth approximately $27,000. Finally, Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on MDLZ. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a report on Wednesday, January 22nd. Piper Sandler lowered Mondelez International from an "overweight" rating to a "neutral" rating and cut their price target for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Stifel Nicolaus reduced their price objective on Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Mizuho upped their target price on Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. Finally, Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 7th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.74.

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Mondelez International Price Performance

Mondelez International stock opened at $64.69 on Friday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. 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 firm's fifty day moving average is $60.60 and its 200 day moving average is $65.47. The company has a market cap of $83.68 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 4.34 and a beta of 0.50.

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

Mondelez International Announces Dividend

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

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

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.

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