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

Allspring Global Investments Holdings LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 25.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 163,785 shares of the company’s stock after selling 54,961 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Mondelez International were worth $11,863,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MDLZ. Tyler Stone Wealth Management acquired a new position in Mondelez International in the 2nd quarter valued at $25,000. Retirement Group LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth $25,000. Carmel Capital Partners LLC acquired a new stake in shares of Mondelez International in the third quarter valued at about $28,000. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International in the third quarter worth about $29,000. Finally, DHJJ Financial Advisors Ltd. acquired a new position in Mondelez International during the third quarter worth about $34,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MDLZ shares. Citigroup decreased their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Stifel Nicolaus lifted their price objective on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Deutsche Bank Aktiengesellschaft upped their target price on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. Barclays reduced their price target on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday. One equities research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.89.

Mondelez International Stock Down 1.2 %

Shares of NASDAQ MDLZ opened at $65.87 on Tuesday. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $78.59. The business’s 50 day moving average is $71.21 and its two-hundred day moving average is $70.52. The firm has a market cap of $88.69 billion, a price-to-earnings ratio of 18.15, a PEG ratio of 2.32 and a beta of 0.56. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.31 billion. During the same quarter in the prior year, the company earned $0.73 EPS. Mondelez International’s revenue was up 7.1% on a year-over-year basis. Research analysts predict that Mondelez International, Inc. will post 3.52 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s payout ratio is 46.83%.

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.