Skandinaviska Enskilda Banken AB publ Reduces Stock Holdings in Mondelez International, Inc. $MDLZ

Skandinaviska Enskilda Banken AB publ cut its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 255,376 shares of the company’s stock after selling 10,334 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Mondelez International were worth $15,952,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. AlphaStar Capital Management LLC bought a new position in Mondelez International in the 2nd quarter worth about $1,336,000. Asset Management One Co. Ltd. raised its holdings in shares of Mondelez International by 3.1% during the third quarter. Asset Management One Co. Ltd. now owns 726,923 shares of the company’s stock valued at $45,411,000 after buying an additional 22,194 shares during the last quarter. Deprince Race & Zollo Inc. boosted its position in shares of Mondelez International by 70.5% during the third quarter. Deprince Race & Zollo Inc. now owns 469,058 shares of the company’s stock worth $29,302,000 after buying an additional 193,956 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Mondelez International by 32.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 147,913 shares of the company’s stock worth $9,240,000 after buying an additional 36,037 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in Mondelez International by 324.5% in the 3rd quarter. Confluence Investment Management LLC now owns 2,223,914 shares of the company’s stock valued at $138,928,000 after acquiring an additional 1,699,980 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

NASDAQ MDLZ opened at $59.86 on Wednesday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The business’s fifty day moving average is $56.67 and its two-hundred day moving average is $59.01. The stock has a market capitalization of $76.73 billion, a P/E ratio of 31.84, a P/E/G ratio of 2.61 and a beta of 0.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.32 billion. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.The company’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio is currently 106.38%.

Insider Buying and Selling

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of Mondelez International stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $62.00, for a total value of $186,000.00. Following the transaction, the executive vice president directly owned 99,596 shares of the company’s stock, valued at $6,174,952. This trade represents a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.41% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Bank of America decreased their price target on Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Piper Sandler upped their price objective on shares of Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Wells Fargo & Company raised their target price on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, February 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Friday, January 9th. Finally, Zacks Research cut shares of Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus target price of $67.75.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.