Skandinaviska Enskilda Banken AB publ Has $5.97 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Skandinaviska Enskilda Banken AB publ trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.2% in the fourth quarter, HoldingsChannel reports. The firm owned 100,228 shares of the company’s stock after selling 5,500 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Mondelez International were worth $5,970,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. United Bank lifted its stake in shares of Mondelez International by 12.7% in the third quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after buying an additional 2,549 shares in the last quarter. Versor Investments LP purchased a new stake in shares of Mondelez International in the third quarter valued at about $243,000. Oppenheimer & Co. Inc. raised its holdings in shares of Mondelez International by 8.3% in the third quarter. Oppenheimer & Co. Inc. now owns 43,897 shares of the company’s stock valued at $3,234,000 after purchasing an additional 3,373 shares during the last quarter. Kovack Advisors Inc. purchased a new stake in shares of Mondelez International in the third quarter valued at about $312,000. Finally, Curi RMB Capital LLC raised its holdings in shares of Mondelez International by 17.8% in the third quarter. Curi RMB Capital LLC now owns 12,393 shares of the company’s stock valued at $913,000 after purchasing an additional 1,873 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.6 %

MDLZ opened at $64.31 on Friday. The stock has a market cap of $83.19 billion, a PE ratio of 18.80, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The business’s fifty day simple moving average is $60.69 and its 200 day simple moving average is $65.38.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its board has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.92%. Mondelez International’s payout ratio is 54.97%.

Analysts Set New Price Targets

MDLZ has been the subject of several research reports. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $70.00 to $63.00 in a research report on Friday, January 31st. Barclays dropped their price objective on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, Stifel Nicolaus dropped their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

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.