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

Allspring Global Investments Holdings LLC reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 25.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 quarter.

Other large investors have also recently modified their holdings of the company. Tyler Stone Wealth Management purchased a new position in Mondelez International in the 2nd quarter worth approximately $25,000. Retirement Group LLC bought a new stake in shares of Mondelez International in the fourth quarter worth about $25,000. Carmel Capital Partners LLC purchased a new position in Mondelez International during the 3rd quarter valued at about $28,000. First Command Advisory Services Inc. purchased a new position in Mondelez International during the 3rd quarter valued at about $29,000. Finally, DHJJ Financial Advisors Ltd. bought a new position in Mondelez International during the 3rd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $65.87 on Tuesday. The firm has a market cap of $88.69 billion, a P/E ratio of 18.15, a PEG ratio of 2.32 and a beta of 0.56. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.59. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. The company has a 50 day moving average of $71.21 and a 200 day moving average of $70.52.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share 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 during the quarter, compared to analysts’ expectations of $9.31 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. As a group, research analysts expect that Mondelez International, Inc. will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

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

Analyst Upgrades and Downgrades

MDLZ has been the topic of several research analyst reports. Barclays reduced their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday. Citigroup cut 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. Finally, Stifel Nicolaus increased their price target on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One research analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $80.89.

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.