OLD National Bancorp IN Buys 1,139 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

OLD National Bancorp IN lifted its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 10.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 12,274 shares of the company’s stock after acquiring an additional 1,139 shares during the quarter. OLD National Bancorp IN’s holdings in Mondelez International were worth $733,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Mondelez International in the 2nd quarter worth approximately $8,059,000. Czech National Bank boosted its position in Mondelez International by 6.5% in the third quarter. Czech National Bank now owns 272,116 shares of the company’s stock worth $20,047,000 after purchasing an additional 16,507 shares during the last quarter. Apella Capital LLC grew its stake in Mondelez International by 8.3% in the 3rd quarter. Apella Capital LLC now owns 3,455 shares of the company’s stock valued at $250,000 after purchasing an additional 265 shares during the period. MRA Advisory Group increased its position in shares of Mondelez International by 7.7% during the 3rd quarter. MRA Advisory Group now owns 5,566 shares of the company’s stock valued at $410,000 after purchasing an additional 400 shares during the last quarter. Finally, Thrive Wealth Management LLC raised its stake in shares of Mondelez International by 5.4% during the 3rd quarter. Thrive Wealth Management LLC now owns 4,622 shares of the company’s stock worth $340,000 after purchasing an additional 235 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MDLZ. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $70.00 to $63.00 in a report on Friday. Stifel Nicolaus lowered their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Citigroup reduced their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. UBS Group decreased 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. Finally, Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.76.

Mondelez International Trading Down 0.7 %

Shares of MDLZ opened at $57.99 on Friday. The firm’s 50 day simple moving average is $60.22 and its 200 day simple moving average is $66.71. The company has a market capitalization of $77.54 billion, a P/E ratio of 20.56, a P/E/G ratio of 3.05 and a beta of 0.54. Mondelez International, Inc. has a 1-year low of $55.97 and a 1-year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 EPS. Sell-side analysts forecast that Mondelez International, Inc. will post 3.44 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders 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 currently 66.67%.

Mondelez International declared that its Board of Directors has authorized a share buyback plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.