Ameriprise Financial Inc. Purchases 975,929 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Ameriprise Financial Inc. increased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 20,074,353 shares of the company’s stock after buying an additional 975,929 shares during the period. Ameriprise Financial Inc.’s holdings in Mondelez International were worth $1,198,491,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of MDLZ. Alpha Family Trust lifted its position in shares of Mondelez International by 40.4% in the fourth quarter. Alpha Family Trust now owns 13,040 shares of the company’s stock valued at $779,000 after acquiring an additional 3,755 shares in the last quarter. Alteri Wealth LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $297,000. American Trust Investment Advisors LLC boosted its stake in Mondelez International by 3.9% in the 4th quarter. American Trust Investment Advisors LLC now owns 65,488 shares of the company’s stock worth $3,912,000 after purchasing an additional 2,460 shares during the period. AXA S.A. grew its holdings in Mondelez International by 35.0% during the 4th quarter. AXA S.A. now owns 701,434 shares of the company’s stock valued at $41,897,000 after buying an additional 181,937 shares in the last quarter. Finally, DoubleLine ETF Adviser LP raised its position in shares of Mondelez International by 2.3% during the fourth quarter. DoubleLine ETF Adviser LP now owns 59,811 shares of the company’s stock valued at $3,573,000 after buying an additional 1,372 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $67.75 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average is $66.14 and its two-hundred day moving average is $63.66. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market capitalization of $87.64 billion, a PE ratio of 19.81, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. As a group, analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were paid a $0.47 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.77%. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Argus cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Jefferies Financial Group lowered Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Morgan Stanley boosted their target price on Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday. UBS Group increased their price target on Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th. Finally, Citigroup reduced their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $70.55.

Mondelez International Company 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.