Allianz SE Invests $6.89 Million in Mondelez International, Inc. (NASDAQ:MDLZ)

Allianz SE acquired a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 115,665 shares of the company's stock, valued at approximately $6,889,000.

Other hedge funds have also added to or reduced their stakes in the company. Continuum Advisory LLC lifted its position in Mondelez International by 7.4% during the third quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock valued at $187,000 after acquiring an additional 175 shares during the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Mondelez International by 1.8% during the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after purchasing an additional 181 shares during the last quarter. Traphagen Investment Advisors LLC boosted its position in shares of Mondelez International by 0.8% in the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock worth $1,411,000 after purchasing an additional 187 shares in the last quarter. Core Alternative Capital grew its stake in Mondelez International by 1.7% during the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock worth $684,000 after buying an additional 187 shares during the last quarter. Finally, Waldron Private Wealth LLC raised its holdings in shares of Mondelez International by 1.0% in the fourth quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company's stock worth $1,164,000 after buying an additional 191 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

MDLZ has been the topic of several research reports. Wells Fargo & Company increased their price target on shares of Mondelez International from $64.00 to $68.00 and gave the stock an "equal weight" rating in a report on Wednesday. Royal Bank of Canada cut their price target on Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a report on Thursday, February 6th. Piper Sandler boosted their price objective on Mondelez International from $56.00 to $59.00 and gave the stock a "neutral" rating in a research note on Thursday, March 27th. DZ Bank downgraded Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price for the company. in a research note on Friday, February 7th. Finally, Morgan Stanley assumed coverage on shares of Mondelez International in a research report on Monday, March 24th. They set an "overweight" rating and a $69.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $70.20.

Mondelez International Stock Up 2.5 %

Shares of Mondelez International stock traded up $1.63 on Thursday, reaching $67.76. 5,218,152 shares of the company were exchanged, compared to its average volume of 7,952,876. The stock's 50 day moving average price is $62.85 and its 200-day moving average price is $64.66. 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, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a market cap of $87.65 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. As a group, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.77%. Mondelez International's dividend payout ratio is currently 54.97%.

Mondelez International announced that its board has authorized a share repurchase 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 an indication that the company's management believes its shares are undervalued.

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.