Hickory Point Bank & Trust Makes New Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Hickory Point Bank & Trust purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, Holdings Channel.com reports. The firm purchased 7,608 shares of the company’s stock, valued at approximately $454,000.

A number of other large investors have also recently made changes to their positions in MDLZ. Truvestments Capital LLC purchased a new position in Mondelez International during the third quarter valued at approximately $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International during the third quarter valued at $27,000. Marshall Investment Management LLC bought a new position in Mondelez International during the fourth quarter valued at $26,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $27,000. Finally, Sierra Ocean LLC bought a new position in shares of Mondelez International in the fourth quarter worth about $32,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Up 0.4 %

Shares of Mondelez International stock opened at $64.25 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 firm has a market cap of $83.11 billion, a price-to-earnings ratio of 18.79, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. The business has a fifty day simple moving average of $59.41 and a 200-day simple moving average of $65.71. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last released its earnings results 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 return on equity of 16.75% and a net margin of 12.68%. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

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

Mondelez International announced that its board has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding 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 management believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MDLZ. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their target price for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. Citigroup cut their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. DZ Bank cut shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price objective on the stock. in a research note on Friday, February 7th. Finally, Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $70.00 to $63.00 in a research note on Friday, January 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

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.