Mondelez International, Inc. (NASDAQ:MDLZ) Stock Position Decreased by Forsta AP Fonden

Key Points

• Forsta AP Fonden reduced its position in Mondelez International by 22.5%, owning 270,200 shares valued at approximately $18.33 million after selling 78,600 shares.
• Analysts have given Mondelez International an average rating of "Moderate Buy" with a target price of $71.95, while the stock has recently been rated with multiple "outperform" and "buy" ratings by various brokerages.
• The company announced an increase in its quarterly dividend to $0.50, with a dividend yield of 3.2%, reflecting a steady commitment to returning value to shareholders.

Forsta AP Fonden cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 22.5% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 270,200 shares of the company's stock after selling 78,600 shares during the period. Forsta AP Fonden's holdings in Mondelez International were worth $18,333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of MDLZ. Abound Financial LLC purchased a new stake in shares of Mondelez International during the first quarter worth $25,000. Goodman Advisory Group LLC purchased a new position in shares of Mondelez International during the first quarter worth approximately $26,000. Transce3nd LLC acquired a new stake in Mondelez International in the fourth quarter valued at $30,000. Orion Capital Management LLC acquired a new stake in Mondelez International in the fourth quarter valued at $30,000. Finally, E Fund Management Hong Kong Co. Ltd. lifted its holdings in 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 valued at $30,000 after acquiring an additional 346 shares during the period. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group cut their price target on Mondelez International from $72.00 to $69.00 and set a "neutral" rating for the company in a research note on Thursday, July 31st. Stifel Nicolaus lifted their price target on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Piper Sandler lifted their price target on Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Finally, Morgan Stanley lifted their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $71.95.

Mondelez International Price Performance

MDLZ stock traded up $0.42 during trading hours on Wednesday, hitting $61.81. 3,810,187 shares of the stock traded hands, compared to its average volume of 9,054,579. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a market cap of $79.98 billion, a P/E ratio of 22.64, a P/E/G ratio of 4.65 and a beta of 0.46. The stock has a 50-day simple moving average of $67.05 and a 200 day simple moving average of $65.53.

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

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. This is an increase from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio (DPR) is currently 68.86%.

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.