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

Handelsbanken Fonder AB lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 561,991 shares of the company’s stock after purchasing an additional 16,982 shares during the quarter. Handelsbanken Fonder AB’s holdings in Mondelez International were worth $41,402,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ables Iannone Moore & Associates Inc. purchased a new position in Mondelez International during the fourth quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International during the 2nd quarter valued at about $26,000. Lynx Investment Advisory bought a new position in Mondelez International during the 2nd quarter valued at about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Mondelez International in the 2nd quarter worth about $29,000. Finally, Transcendent Capital Group LLC bought a new stake in Mondelez International in the fourth quarter worth about $34,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on MDLZ shares. Deutsche Bank Aktiengesellschaft cut their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Barclays reduced their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, July 19th. Stifel Nicolaus lowered their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Sanford C. Bernstein reduced their price target on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Finally, DA Davidson lowered their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. One research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $78.65.

Mondelez International Stock Up 0.5 %

Shares of NASDAQ MDLZ traded up $0.35 during mid-day trading on Friday, reaching $71.51. 4,379,169 shares of the company were exchanged, compared to its average volume of 6,891,803. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $77.20. The firm has a 50-day moving average of $72.07 and a 200 day moving average of $69.57. The stock has a market cap of $95.92 billion, a price-to-earnings ratio of 22.70, a P/E/G ratio of 3.02 and a beta of 0.54. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. On average, research analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.63%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

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.