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

Allworth Financial LP increased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 308,247 shares of the company's stock after purchasing an additional 19,988 shares during the quarter. Allworth Financial LP's holdings in Mondelez International were worth $20,196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Parr Mcknight Wealth Management Group LLC acquired a new stake in Mondelez International in the first quarter worth about $1,723,000. Axxcess Wealth Management LLC increased its position in Mondelez International by 13.0% in the first quarter. Axxcess Wealth Management LLC now owns 48,368 shares of the company's stock worth $3,282,000 after purchasing an additional 5,551 shares during the period. Cornerstone Planning Group LLC increased its position in Mondelez International by 70.3% in the first quarter. Cornerstone Planning Group LLC now owns 884 shares of the company's stock worth $60,000 after purchasing an additional 365 shares during the period. CORDA Investment Management LLC. increased its position in Mondelez International by 1.5% in the first quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company's stock worth $38,920,000 after purchasing an additional 8,456 shares during the period. Finally, Graver Capital Management LLC acquired a new position in shares of Mondelez International during the 1st quarter worth about $225,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MDLZ. Piper Sandler boosted their target price on Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Evercore ISI boosted their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and boosted their target price for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Barclays boosted their target price on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Stock Up 0.0%

NASDAQ MDLZ traded up $0.03 during trading on Friday, hitting $67.18. The stock had a trading volume of 6,171,071 shares, compared to its average volume of 8,101,577. The company has a market capitalization of $86.99 billion, a PE ratio of 24.97, a P/E/G ratio of 5.20 and a beta of 0.48. The company's 50-day moving average price is $66.99 and its two-hundred day moving average price is $64.25. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. 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 released its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is 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.