Forsta AP Fonden Raises Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Forsta AP Fonden raised its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 348,800 shares of the company’s stock after buying an additional 3,400 shares during the quarter. Forsta AP Fonden’s holdings in Mondelez International were worth $20,834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mizuho Securities USA LLC increased its stake in Mondelez International by 12,057.4% in the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the last quarter. Ilex Capital Partners UK LLP bought a new position in shares of Mondelez International in the third quarter worth approximately $219,045,000. FMR LLC raised its stake in Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Holocene Advisors LP bought a new stake in Mondelez International during the third quarter valued at approximately $159,823,000. Finally, National Bank of Canada FI grew its stake in Mondelez International by 173.7% in the 3rd quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock worth $224,652,000 after buying an additional 1,935,356 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MDLZ shares. The Goldman Sachs Group lowered their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. UBS Group decreased their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Five research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $73.06.

Mondelez International Stock Down 2.4 %

Shares of NASDAQ MDLZ opened at $56.91 on Wednesday. The firm has a fifty day simple moving average of $60.49 and a two-hundred day simple moving average of $66.84. The firm has a market capitalization of $76.10 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20.

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

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s payout ratio is presently 66.67%.

Mondelez International announced that its Board of Directors has approved a share buyback plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is 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.