Skandinaviska Enskilda Banken AB publ Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Skandinaviska Enskilda Banken AB publ lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 50.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 217,930 shares of the company’s stock after buying an additional 73,400 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Mondelez International were worth $14,258,000 as of its most recent SEC filing.

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

Mondelez International Stock Performance

Mondelez International stock opened at $74.28 on Friday. The firm has a market capitalization of $99.64 billion, a P/E ratio of 23.58, a PEG ratio of 3.01 and a beta of 0.54. The stock has a fifty day moving average price of $70.66 and a 200 day moving average price of $69.46. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58.

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

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio is 59.68%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Bank of America decreased their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Sanford C. Bernstein decreased their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Barclays decreased their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. DA Davidson cut their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Wells Fargo & Company cut their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $78.61.

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.