Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Allworth Financial LP

Allworth Financial LP lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 288,259 shares of the company's stock after buying an additional 12,080 shares during the quarter. Allworth Financial LP's holdings in Mondelez International were worth $16,232,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MDLZ. Truvestments Capital LLC acquired a new position in shares of Mondelez International during the third quarter worth $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International during the 3rd quarter worth $27,000. Hager Investment Management Services LLC acquired a new position in Mondelez International in the 4th quarter worth $27,000. Richardson Financial Services Inc. boosted its position in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock valued at $28,000 after buying an additional 200 shares during the last quarter. Finally, McClarren Financial Advisors Inc. purchased a new position in Mondelez International in the 4th quarter valued at about $32,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Shares of MDLZ traded up $0.78 during mid-day trading on Wednesday, reaching $61.96. 7,671,179 shares of the company's stock traded hands, compared to its average volume of 11,025,266. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The business's 50-day moving average price is $58.95 and its 200-day moving average price is $66.00. The stock has a market capitalization of $80.14 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 4.24 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06.

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

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 3.03%. Mondelez International's payout ratio is 54.97%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent analyst reports. Wells Fargo & Company cut their price target on Mondelez International from $61.00 to $54.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Barclays reduced their target price on Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research note on Thursday, February 6th. Mizuho lifted their price target on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. Dbs Bank downgraded shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Finally, Stifel Nicolaus dropped 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. One 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 data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.74.

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.