Mondelez International, Inc. $MDLZ Shares Sold by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB reduced its stake in Mondelez International by 3.1%, selling 69,219 shares and now holding approximately 0.17% of the company, valued at $144.9 million.
• Mondelez International announced an increase in its dividend to $0.50 per share, reflecting a positive change from the previous $0.47 and resulting in a 3.2% dividend yield.
• The stock has been rated with a consensus of "Moderate Buy", with analysts setting an average price target of $70.84, reflecting confidence in the company's growth potential.

Nordea Investment Management AB lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,154,954 shares of the company's stock after selling 69,219 shares during the quarter. Nordea Investment Management AB owned about 0.17% of Mondelez International worth $144,878,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MDLZ. Brighton Jones LLC lifted its position in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after buying an additional 7,025 shares during the last quarter. GAMMA Investing LLC lifted its position in Mondelez International by 21.1% in the first quarter. GAMMA Investing LLC now owns 18,316 shares of the company's stock valued at $1,243,000 after buying an additional 3,193 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Mondelez International by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 497,768 shares of the company's stock valued at $33,774,000 after buying an additional 9,386 shares during the last quarter. Sowell Financial Services LLC acquired a new position in Mondelez International in the first quarter valued at about $232,000. Finally, Kingswood Wealth Advisors LLC lifted its position in Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after buying an additional 1,013 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Up 1.4%

MDLZ stock opened at $62.46 on Friday. The company's 50 day moving average price is $62.22 and its 200 day moving average price is $65.26. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.82. The firm has a market capitalization of $80.82 billion, a price-to-earnings ratio of 22.88, a PEG ratio of 5.51 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $7.30 billion for the quarter. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. Mondelez International's payout ratio is currently 73.26%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MDLZ. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mondelez International in a research report on Tuesday. Piper Sandler boosted their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. Wells Fargo & Company cut their price target on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research note on Thursday, September 25th. Barclays boosted their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. Finally, Evercore ISI cut their price target on shares of Mondelez International from $73.00 to $72.00 and set an "outperform" rating on the stock in a research note on Friday, September 26th. Thirteen investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $70.84.

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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