Ameriprise Financial Inc. Has $1.13 Billion Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Ameriprise Financial Inc. lowered its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,175,170 shares of the company’s stock after selling 424,603 shares during the quarter. Ameriprise Financial Inc. owned about 1.28% of Mondelez International worth $1,127,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Steward Partners Investment Advisory LLC increased its holdings in shares of Mondelez International by 7.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 119,306 shares of the company’s stock valued at $8,641,000 after acquiring an additional 8,472 shares during the last quarter. Stifel Financial Corp grew its holdings in Mondelez International by 0.4% during the fourth quarter. Stifel Financial Corp now owns 983,267 shares of the company’s stock valued at $71,219,000 after purchasing an additional 3,452 shares during the last quarter. Focus Financial Network Inc. ADV bought a new position in shares of Mondelez International in the fourth quarter valued at approximately $278,000. J. W. Coons Advisors LLC raised its position in shares of Mondelez International by 7.6% in the fourth quarter. J. W. Coons Advisors LLC now owns 3,597 shares of the company’s stock valued at $260,000 after purchasing an additional 253 shares during the period. Finally, Weiss Asset Management LP acquired a new stake in shares of Mondelez International in the fourth quarter worth $443,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $74.06 on Thursday. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20. The company has a quick ratio of 0.50, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $98.93 billion, a P/E ratio of 23.51, a PEG ratio of 3.02 and a beta of 0.54. The company’s 50-day simple moving average is $71.03 and its 200 day simple moving average is $69.48.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same period in the prior year, the company posted $0.76 EPS. The company’s revenue was down 1.9% compared to the same quarter last year. As a group, research analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. This represents a $1.88 annualized dividend and a yield of 2.54%. The ex-dividend date is Monday, September 30th. Mondelez International’s dividend payout ratio is currently 53.97%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Bank of America dropped their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Sanford C. Bernstein dropped their price objective on Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Barclays decreased their target price on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. TD Cowen lowered their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. Finally, Piper Sandler cut their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $78.29.

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.