Ameriprise Financial Inc. Has $1.20 Billion Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Ameriprise Financial Inc. grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,074,353 shares of the company's stock after buying an additional 975,929 shares during the quarter. Ameriprise Financial Inc. owned approximately 1.50% of Mondelez International worth $1,198,491,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Glass Jacobson Investment Advisors llc increased its holdings in shares of Mondelez International by 6.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after purchasing an additional 168 shares during the last quarter. First Horizon Advisors Inc. raised 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 worth $627,000 after acquiring an additional 181 shares in the last quarter. Traphagen Investment Advisors LLC boosted its position in shares of Mondelez International by 0.8% during the 4th quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock valued at $1,411,000 after acquiring an additional 187 shares during the last quarter. Core Alternative Capital raised its position in shares of Mondelez International by 1.7% during the 4th quarter. Core Alternative Capital now owns 11,448 shares of the company's stock valued at $684,000 after buying an additional 187 shares in the last quarter. Finally, Waldron Private Wealth LLC lifted its position in 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. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

MDLZ has been the subject of a number of research analyst reports. UBS Group lifted their target price on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Barclays raised their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Royal Bank of Canada reissued an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and dropped their price target for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Finally, Mizuho boosted 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and an average target price of $70.55.

Mondelez International Stock Down 0.7 %

Shares of Mondelez International stock traded down $0.46 during midday trading on Friday, reaching $66.76. 2,698,304 shares of the company's stock traded hands, compared to its average volume of 7,903,638. The company has a market cap of $86.36 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company's 50 day simple moving average is $66.39 and its 200 day simple moving average is $63.62.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 earnings per share. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.82%. The ex-dividend date was Monday, March 31st. Mondelez International's dividend payout ratio is currently 69.89%.

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.