Avanza Fonder AB Invests $8.28 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

Avanza Fonder AB bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 138,624 shares of the company’s stock, valued at approximately $8,280,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Edgestream Partners L.P. lifted its position in Mondelez International by 8.8% during the second quarter. Edgestream Partners L.P. now owns 41,878 shares of the company’s stock valued at $2,740,000 after buying an additional 3,373 shares in the last quarter. E Fund Management Co. Ltd. lifted its holdings in shares of Mondelez International by 4.5% during the 2nd quarter. E Fund Management Co. Ltd. now owns 13,848 shares of the company’s stock valued at $906,000 after acquiring an additional 596 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in Mondelez International by 9.1% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 134,317 shares of the company’s stock worth $8,790,000 after purchasing an additional 11,234 shares during the period. Tredje AP fonden increased its holdings in Mondelez International by 13.1% in the 2nd quarter. Tredje AP fonden now owns 112,000 shares of the company’s stock valued at $7,329,000 after purchasing an additional 13,000 shares in the last quarter. Finally, Blair William & Co. IL raised its position in Mondelez International by 13.6% in the second quarter. Blair William & Co. IL now owns 293,460 shares of the company’s stock valued at $19,204,000 after purchasing an additional 35,108 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Bank of America increased their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their target price for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Piper Sandler lowered their price target on shares of Mondelez International from $84.00 to $70.00 and set an “overweight” rating for the company in a report on Thursday. Redburn Atlantic began coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. Finally, Citigroup lowered their target price on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Four investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.93.

Mondelez International Stock Up 0.6 %

MDLZ stock opened at $58.34 on Friday. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The firm has a fifty day moving average price of $61.91 and a two-hundred day moving average price of $67.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The firm has a market cap of $78.01 billion, a price-to-earnings ratio of 20.69, a PEG ratio of 2.99 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results 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 quarter in the prior year, the firm earned $0.82 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. Research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Mondelez International announced that its board has authorized a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership 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.