Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 590,759 shares of the company's stock after selling 22,202 shares during the period. Handelsbanken Fonder AB's holdings in Mondelez International were worth $40,083,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Investment Management LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $26,000. Orion Capital Management LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth $30,000. Transce3nd LLC acquired a new stake in shares of Mondelez International during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at approximately $31,000. Finally, Sierra Ocean LLC acquired a new position in Mondelez International in the 4th quarter worth about $32,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Up 0.9%

Shares of NASDAQ:MDLZ traded up $0.57 on Thursday, hitting $67.52. 2,268,601 shares of the company's stock were exchanged, compared to its average volume of 8,026,454. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The business's 50 day simple moving average is $66.44 and its two-hundred day simple moving average is $63.45. The stock has a market capitalization of $87.43 billion, a price-to-earnings ratio of 19.74, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The company's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. Analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.78%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is presently 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of research analyst reports. Evercore ISI increased their price objective on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. JPMorgan Chase & Co. upped their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Stifel Nicolaus upped their price objective on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. UBS Group raised their price target on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a report on Thursday, April 17th. Finally, Mizuho raised their target price on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.11.

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.