Kentucky Trust Co Buys Shares of 1,715 Mondelez International, Inc. (NASDAQ:MDLZ)

Kentucky Trust Co bought a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,715 shares of the company’s stock, valued at approximately $102,000.

A number of other institutional investors have also recently added to or reduced their stakes in MDLZ. Exchange Traded Concepts LLC lifted its stake in shares of Mondelez International by 177.0% in the third quarter. Exchange Traded Concepts LLC now owns 26,696 shares of the company’s stock worth $1,967,000 after buying an additional 17,060 shares during the last quarter. Creative Planning lifted its stake in shares of Mondelez International by 4.8% in the third quarter. Creative Planning now owns 343,226 shares of the company’s stock worth $25,285,000 after buying an additional 15,845 shares during the last quarter. Foster Victor Wealth Advisors LLC lifted its stake in shares of Mondelez International by 4.0% in the third quarter. Foster Victor Wealth Advisors LLC now owns 83,612 shares of the company’s stock worth $5,941,000 after buying an additional 3,249 shares during the last quarter. 626 Financial LLC acquired a new stake in shares of Mondelez International in the third quarter worth $220,000. Finally, CFM Wealth Partners LLC lifted its stake in shares of Mondelez International by 1.2% in the third quarter. CFM Wealth Partners LLC now owns 46,696 shares of the company’s stock worth $3,269,000 after buying an additional 539 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Up 0.2 %

MDLZ opened at $60.60 on Thursday. The firm’s 50-day simple moving average is $59.11 and its 200-day simple moving average is $66.26. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.42 and a current ratio of 0.68. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The firm has a market cap of $81.03 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 4.04 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

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

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date was Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 54.97%.

Analysts Set New Price Targets

MDLZ has been the subject of a number of analyst reports. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. UBS Group cut their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Wells Fargo & Company cut their target price on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. Finally, Redburn Atlantic began 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.72.

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.