Independence Bank of Kentucky Grows Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Independence Bank of Kentucky boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 32.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,949 shares of the company’s stock after purchasing an additional 6,622 shares during the period. Independence Bank of Kentucky’s holdings in Mondelez International were worth $1,610,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Czech National Bank grew its position in shares of Mondelez International by 6.5% in the 4th quarter. Czech National Bank now owns 289,931 shares of the company’s stock worth $17,318,000 after buying an additional 17,815 shares during the last quarter. Legacy Private Trust Co. raised its stake in Mondelez International by 33.2% in the fourth quarter. Legacy Private Trust Co. now owns 3,841 shares of the company’s stock worth $229,000 after buying an additional 957 shares in the last quarter. Kennedy Investment Group bought a new position in Mondelez International in the fourth quarter worth about $313,000. Benjamin Edwards Inc. lifted its holdings in Mondelez International by 1,904.9% in the third quarter. Benjamin Edwards Inc. now owns 425,805 shares of the company’s stock worth $31,369,000 after buying an additional 404,567 shares during the period. Finally, Kingsview Wealth Management LLC boosted its position in Mondelez International by 14.3% during the 3rd quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock valued at $8,430,000 after acquiring an additional 14,278 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 0.7 %

MDLZ stock opened at $57.99 on Friday. The business’s 50-day moving average price is $60.09 and its 200-day moving average price is $66.67. The stock has a market cap of $77.54 billion, a P/E ratio of 20.56, a PEG ratio of 3.05 and a beta of 0.54. Mondelez International, Inc. has a twelve month low of $55.97 and a twelve month high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the previous year, the company earned $0.82 EPS. Mondelez International’s revenue for the quarter was up 1.9% on a year-over-year basis. On average, equities research analysts forecast that Mondelez International, Inc. will post 3.44 EPS for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 3.24%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Mondelez International declared that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have recently commented on MDLZ shares. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Stifel Nicolaus lowered their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating for the company in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Royal Bank of Canada reissued an “outperform” rating and set a $75.00 price objective on shares of Mondelez International in a research note on Thursday. Finally, Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 target price for the company. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $72.76.

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.