Tredje AP fonden Purchases 13,000 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Tredje AP fonden increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 13.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,000 shares of the company’s stock after acquiring an additional 13,000 shares during the quarter. Tredje AP fonden’s holdings in Mondelez International were worth $7,329,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SageView Advisory Group LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $907,000. Gotham Asset Management LLC increased its position in Mondelez International by 10.4% in the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after buying an additional 16,450 shares during the period. GSA Capital Partners LLP acquired a new position in shares of Mondelez International during the first quarter worth approximately $1,686,000. Schroder Investment Management Group boosted its position in shares of Mondelez International by 35.1% in the fourth quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock valued at $47,010,000 after acquiring an additional 168,639 shares during the period. Finally, Cambridge Investment Research Advisors Inc. grew its stake in shares of Mondelez International by 21.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock worth $11,389,000 after acquiring an additional 27,379 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on MDLZ shares. DA Davidson cut 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 Wednesday, July 31st. Piper Sandler cut their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Wells Fargo & Company reduced their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Stifel Nicolaus lowered their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. raised their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $78.61.

Mondelez International Stock Down 0.1 %

Shares of NASDAQ MDLZ opened at $75.05 on Thursday. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The business has a fifty day moving average of $70.29 and a two-hundred day moving average of $69.40. The stock has a market cap of $100.67 billion, a PE ratio of 23.83, a PEG ratio of 3.01 and a beta of 0.54.

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

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a $0.47 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Monday, September 30th. Mondelez International’s payout ratio is presently 59.68%.

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.