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

Skandinaviska Enskilda Banken AB publ lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. United Bank raised its stake in shares of Mondelez International by 12.7% during the 3rd quarter. United Bank now owns 22,649 shares of the company’s stock worth $1,669,000 after purchasing an additional 2,549 shares in the last quarter. Versor Investments LP bought a new stake in Mondelez International in the 3rd quarter valued at $243,000. Oppenheimer & Co. Inc. boosted its stake in Mondelez International by 8.3% in the 3rd 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 period. Kovack Advisors Inc. bought a new stake in Mondelez International in the 3rd quarter valued at $312,000. Finally, Curi RMB Capital LLC raised its holdings in Mondelez International by 17.8% in the 3rd quarter. Curi RMB Capital LLC now owns 12,393 shares of the company’s stock valued at $913,000 after acquiring an additional 1,873 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.6 %

Shares of NASDAQ MDLZ opened at $64.31 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The firm has a 50 day moving average price of $60.69 and a two-hundred day moving average price of $65.38. The stock has a market cap of $83.19 billion, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

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

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date is Monday, March 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Analyst Ratings Changes

Several brokerages have weighed in on MDLZ. Barclays dropped their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. UBS Group dropped their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $70.00 to $63.00 in a research note on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.