Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 289,665 shares of the company’s stock after selling 27,380 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Mondelez International were worth $12,479,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. Israel Discount Bank of New York GFN bought a new position in Mondelez International during the fourth quarter valued at approximately $560,000. Assenagon Asset Management S.A. bought a new position in Mondelez International during the fourth quarter valued at approximately $887,000. Norges Bank bought a new position in Mondelez International during the fourth quarter valued at approximately $738,621,000. Barings LLC boosted its position in Mondelez International by 58.3% in the fourth quarter. Barings LLC now owns 58,946 shares of the company’s stock valued at $2,613,000 after buying an additional 21,700 shares during the last quarter. Finally, United Bank boosted its position in Mondelez International by 6.6% in the first quarter. United Bank now owns 20,759 shares of the company’s stock valued at $894,000 after buying an additional 1,282 shares during the last quarter. 76.16% of the stock is owned by institutional investors and hedge funds.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 43.48 on Monday. Mondelez International, Inc. has a 12 month low of $40.50 and a 12 month high of $47.23. The company’s 50 day moving average is $44.09 and its 200-day moving average is $44.53. The firm has a market cap of $66.05 billion, a PE ratio of 38.24 and a beta of 1.19.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. Mondelez International’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 earnings per share. Equities research analysts predict that Mondelez International, Inc. will post $2.11 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date is Thursday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s payout ratio is 66.67%.
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Several equities analysts recently commented on MDLZ shares. Zacks Investment Research cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, April 11th. TheStreet upgraded shares of Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Deutsche Bank AG upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and upped their target price for the company from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Goldman Sachs Group Inc set a $53.00 target price on shares of Mondelez International and gave the company a “conviction-buy” rating in a research note on Wednesday, May 3rd. Finally, Credit Suisse Group reiterated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research note on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Mondelez International has a consensus rating of “Buy” and an average target price of $50.33.
In related news, EVP Robin S. Hargrove sold 6,000 shares of the business’s stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $44.87, for a total value of $269,220.00. Following the completion of the transaction, the executive vice president now owns 14,663 shares of the company’s stock, valued at $657,928.81. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Trian Fund Management, L.P. sold 1,731,410 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were sold at an average price of $44.71, for a total value of $77,411,341.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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