Hickory Point Bank & Trust Buys Shares of 7,608 Mondelez International, Inc. (NASDAQ:MDLZ)

Hickory Point Bank & Trust bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 7,608 shares of the company’s stock, valued at approximately $454,000.

A number of other institutional investors also recently made changes to their positions in the business. Middleton & Co. Inc. MA raised its position in shares of Mondelez International by 2.4% in the 4th quarter. Middleton & Co. Inc. MA now owns 130,647 shares of the company’s stock valued at $7,804,000 after purchasing an additional 3,079 shares in the last quarter. Jacobi Capital Management LLC raised its position in shares of Mondelez International by 37.9% in the 4th quarter. Jacobi Capital Management LLC now owns 13,300 shares of the company’s stock valued at $794,000 after purchasing an additional 3,658 shares in the last quarter. Metis Global Partners LLC raised its position in shares of Mondelez International by 5.0% in the 4th quarter. Metis Global Partners LLC now owns 44,813 shares of the company’s stock valued at $2,677,000 after purchasing an additional 2,131 shares in the last quarter. Fisher Asset Management LLC raised its position in shares of Mondelez International by 33.0% in the 4th quarter. Fisher Asset Management LLC now owns 10,308 shares of the company’s stock valued at $616,000 after purchasing an additional 2,557 shares in the last quarter. Finally, SVB Wealth LLC acquired a new position in shares of Mondelez International in the 4th quarter valued at approximately $9,404,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $64.25 on Friday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a fifty day simple moving average of $59.41 and a 200 day simple moving average of $65.71. The company has a market capitalization of $83.11 billion, a PE ratio of 18.79, a P/E/G ratio of 4.34 and a beta of 0.54. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. On average, sell-side analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its Board of Directors has approved a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup lowered their price target on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company lowered their price target on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, UBS Group cut their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

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.