Allworth Financial LP Acquires 19,988 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Allworth Financial LP raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 308,247 shares of the company's stock after buying an additional 19,988 shares during the period. Allworth Financial LP's holdings in Mondelez International were worth $20,196,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of MDLZ. Abound Financial LLC purchased a new position in Mondelez International during the 1st quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new stake in shares of Mondelez International in the first quarter worth $26,000. Transce3nd LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at $30,000. Orion Capital Management LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MDLZ shares. Stifel Nicolaus upped their price objective on shares of Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research note on Wednesday, April 30th. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Piper Sandler upped their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Barclays lifted their target price on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a report on Monday, April 28th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $70.63.

Mondelez International Stock Performance

MDLZ traded up $0.30 during trading on Thursday, reaching $67.15. 7,359,378 shares of the company's stock were exchanged, compared to its average volume of 8,106,713. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a market capitalization of $86.95 billion, a P/E ratio of 20.63, a PEG ratio of 5.18 and a beta of 0.48. The company has a quick ratio of 0.40, a current ratio of 0.61 and a debt-to-equity ratio of 0.61. The business has a 50 day moving average price of $67.01 and a 200 day moving average price of $64.14.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The firm's revenue for the quarter was up .2% on a year-over-year basis. As a group, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.80%. Mondelez International's payout ratio is presently 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.