Allspring Global Investments Holdings LLC Increases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Allspring Global Investments Holdings LLC lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 32.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 975,063 shares of the company's stock after purchasing an additional 236,705 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.07% of Mondelez International worth $58,026,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MDLZ. Czech National Bank grew its holdings in shares of Mondelez International by 6.5% during the fourth quarter. Czech National Bank now owns 289,931 shares of the company's stock worth $17,318,000 after purchasing an additional 17,815 shares in the last quarter. Legacy Private Trust Co. grew its stake in Mondelez International by 33.2% in the 4th quarter. Legacy Private Trust Co. now owns 3,841 shares of the company's stock worth $229,000 after buying an additional 957 shares in the last quarter. Kennedy Investment Group purchased a new position in Mondelez International in the 4th quarter worth approximately $313,000. Benjamin Edwards Inc. increased its holdings in shares of Mondelez International by 1,904.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company's stock worth $31,369,000 after buying an additional 404,567 shares during the last quarter. Finally, Kingsview Wealth Management LLC raised its position in shares of Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company's stock valued at $8,430,000 after buying an additional 14,278 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on MDLZ shares. Stifel Nicolaus cut their target price on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research report on Friday, January 24th. Wells Fargo & Company cut their price objective on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. UBS Group decreased their price objective on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group dropped their target price on Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating on the stock in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $69.74.

Mondelez International Trading Down 0.6 %

MDLZ traded down $0.34 during midday trading on Monday, reaching $60.82. 10,040,881 shares of the company's stock traded hands, compared to its average volume of 11,229,455. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. The firm has a fifty day moving average of $58.98 and a two-hundred day moving average of $66.11. The stock has a market capitalization of $81.33 billion, a price-to-earnings ratio of 17.78, a P/E/G ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, equities analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a $0.47 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.09%. Mondelez International's dividend payout ratio is 54.97%.

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.