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

Nordea Investment Management AB trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.1% in the second quarter, HoldingsChannel.com reports. The firm owned 2,154,954 shares of the company’s stock after selling 69,219 shares during the quarter. Nordea Investment Management AB’s holdings in Mondelez International were worth $144,878,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Abound Financial LLC acquired a new position in Mondelez International in the first quarter valued at approximately $25,000. Goodman Advisory Group LLC acquired a new position in Mondelez International in the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. boosted 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 purchasing an additional 346 shares in the last quarter. North Capital Inc. acquired a new position in Mondelez International in the first quarter valued at approximately $31,000. Finally, Financial Connections Group Inc. acquired a new position in Mondelez International in the second quarter valued at approximately $33,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $62.46 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The stock has a fifty day moving average price of $62.22 and a 200 day moving average price of $65.26. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $71.82. The company has a market cap of $80.82 billion, a PE ratio of 22.88, a P/E/G ratio of 5.51 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%.The firm had revenue of $7.30 billion during the quarter. Sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th were issued a dividend of $0.50 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 30th. Mondelez International’s dividend payout ratio is 73.26%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Mondelez International from $75.00 to $74.00 and set an “overweight” rating for the company in a report on Friday. Stifel Nicolaus increased their price objective on Mondelez International from $73.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Piper Sandler increased their price objective on Mondelez International from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Wednesday, July 30th. Barclays increased their price objective on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a report on Thursday, October 2nd. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus 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.