Allstate Corp Has $345,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Allstate Corp trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,763 shares of the company’s stock after selling 238 shares during the period. Allstate Corp’s holdings in Mondelez International were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Larson Financial Group LLC raised its position in Mondelez International by 93.0% in the 3rd quarter. Larson Financial Group LLC now owns 1,241 shares of the company’s stock valued at $86,000 after buying an additional 598 shares during the last quarter. MGO One Seven LLC lifted its position in shares of Mondelez International by 5.6% during the third quarter. MGO One Seven LLC now owns 13,336 shares of the company’s stock valued at $926,000 after purchasing an additional 710 shares in the last quarter. NBC Securities Inc. purchased a new position in Mondelez International during the third quarter worth about $886,000. Achmea Investment Management B.V. grew its position in Mondelez International by 11.6% in the 3rd quarter. Achmea Investment Management B.V. now owns 137,098 shares of the company’s stock worth $9,515,000 after purchasing an additional 14,276 shares in the last quarter. Finally, Empower Advisory Group LLC increased its stake in Mondelez International by 11.6% in the 3rd quarter. Empower Advisory Group LLC now owns 3,556 shares of the company’s stock valued at $247,000 after buying an additional 370 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Price Performance

MDLZ traded down $0.22 during trading on Friday, reaching $68.63. The stock had a trading volume of 1,025,447 shares, compared to its average volume of 7,541,461. The business has a 50-day moving average of $69.86 and a 200-day moving average of $71.42. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a market cap of $92.06 billion, a PE ratio of 21.86, a PEG ratio of 2.48 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same period in the prior year, the business earned $0.89 EPS. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s payout ratio is currently 53.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Sanford C. Bernstein boosted their target price on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. decreased their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus raised their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Barclays dropped their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.75.

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.