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

Allspring Global Investments Holdings LLC increased its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 42.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,389,527 shares of the company's stock after buying an additional 414,464 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.11% of Mondelez International worth $94,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Mondelez International by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock worth $7,910,477,000 after buying an additional 931,776 shares during the period. Capital Research Global Investors raised its position in shares of Mondelez International by 13.9% during the fourth quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after acquiring an additional 4,572,555 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Mondelez International by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after acquiring an additional 708,523 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of Mondelez International by 5.1% in the fourth quarter. Ameriprise Financial Inc. now owns 20,074,353 shares of the company's stock worth $1,198,491,000 after acquiring an additional 975,929 shares during the period. Finally, Norges Bank bought a new stake in Mondelez International in the fourth quarter valued at approximately $1,118,755,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analysts Set New Price Targets

MDLZ has been the subject of several analyst reports. 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. Morgan Stanley increased their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a report on Friday, April 11th. Finally, Evercore ISI increased their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Stock Up 0.0%

Shares of MDLZ traded up $0.01 during trading hours on Monday, reaching $67.32. The stock had a trading volume of 886,275 shares, compared to its average volume of 8,032,469. The firm has a 50-day simple moving average of $66.73 and a 200 day simple moving average of $63.75. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $87.17 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 5.25 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The business's quarterly revenue was up .2% compared to the same quarter last year. During the same period last year, the firm earned $0.93 earnings per share. Equities research 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. Stockholders of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) 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.