Mondelez International, Inc. $MDLZ Shares Purchased by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 45.8% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 411,730 shares of the company’s stock after acquiring an additional 129,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Mondelez International were worth $27,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MDLZ. Abound Financial LLC purchased a new position in Mondelez International in the 1st quarter worth $25,000. Rossby Financial LCC grew its stake in Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the last quarter. North Capital Inc. acquired a new position in shares of Mondelez International in the first quarter valued at about $31,000. Financial Connections Group Inc. purchased a new position in shares of Mondelez International in the second quarter worth about $33,000. Finally, Saudi Central Bank purchased a new position in shares of Mondelez International in the first quarter worth about $36,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on MDLZ. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and upped their target price for the company from $66.00 to $78.00 in a research report on Thursday, July 17th. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Evercore ISI cut their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. UBS Group decreased their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a report on Friday, October 17th. Twelve research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $70.22.

Mondelez International Stock Up 1.5%

MDLZ stock opened at $61.66 on Tuesday. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $71.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The firm’s fifty day moving average is $62.21 and its 200 day moving average is $65.08. The firm has a market cap of $79.78 billion, a PE ratio of 22.59, a P/E/G ratio of 5.44 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $7.30 billion during the quarter. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

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.