138,624 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Avanza Fonder AB

Avanza Fonder AB bought a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, Holdings Channel.com reports. The fund bought 138,624 shares of the company’s stock, valued at approximately $8,280,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new position in Mondelez International during the third quarter worth about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the 3rd quarter worth $27,000. Richardson Financial Services Inc. grew its holdings in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after acquiring an additional 200 shares during the last quarter. Highline Wealth Partners LLC acquired a new stake in shares of Mondelez International during the third quarter worth $38,000. Finally, Hara Capital LLC acquired a new stake in Mondelez International during the 3rd quarter worth about $45,000. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MDLZ has been the topic of several analyst reports. Citigroup dropped their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. The Goldman Sachs Group decreased their target price on Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research report on Tuesday. Redburn Atlantic assumed coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Wells Fargo & Company restated an “equal weight” rating and set a $61.00 price objective (down from $74.00) on shares of Mondelez International in a research report on Tuesday, January 7th. Finally, Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Four investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.93.

Mondelez International Price Performance

NASDAQ MDLZ opened at $58.34 on Friday. The company has a market cap of $78.01 billion, a P/E ratio of 20.69, a P/E/G ratio of 2.99 and a beta of 0.54. Mondelez International, Inc. has a 1 year low of $55.97 and a 1 year high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a fifty day simple moving average of $61.91 and a 200 day simple moving average of $67.36.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period last year, the business posted $0.82 earnings per share. The firm’s revenue was up 1.9% compared to the same quarter last year. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.22%. Mondelez International’s dividend payout ratio is 66.67%.

Mondelez International declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s management believes its stock is undervalued.

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.