Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Mondelez International, Inc. by 22.2% during the first quarter, now holding 282,330 shares valued at $19.16 million.
• Mondelez International recently reported earnings of $0.73 per share, exceeding expectations, and had a 7.7% increase in revenue year-over-year, reaching $8.98 billion.
• The company announced an increased quarterly dividend of $0.50 per share, translating to an annualized dividend yield of 3.2%.

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 22.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 282,330 shares of the company's stock after selling 80,600 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Mondelez International were worth $19,156,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Abound Financial LLC purchased a new stake in Mondelez International during the first quarter valued at approximately $25,000. Goodman Advisory Group LLC purchased a new stake in shares of Mondelez International in the first quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after buying an additional 346 shares during the period. North Capital Inc. purchased a new stake in shares of Mondelez International in the first quarter worth approximately $31,000. Finally, Orion Capital Management LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth approximately $30,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Up 1.3%

Shares of NASDAQ MDLZ opened at $62.18 on Thursday. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $80.45 billion, a PE ratio of 22.77, a price-to-earnings-growth ratio of 4.64 and a beta of 0.46. The stock's fifty day simple moving average is $66.96 and its two-hundred day simple moving average is $65.51. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The business's revenue for the quarter was up 7.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.86 EPS. As a group, analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's payout ratio is 73.26%.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent analyst reports. Barclays increased their price target on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. Morgan Stanley increased their price target on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a report on Wednesday, April 30th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Jefferies Financial Group upgraded Mondelez International from a "hold" rating to a "buy" rating and increased their price target for the stock from $66.00 to $78.00 in a report on Thursday, July 17th. Finally, Piper Sandler increased their price target on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and an average target price of $71.95.

About Mondelez International

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.

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