Hickory Point Bank & Trust Invests $454,000 in Mondelez International, Inc. (NASDAQ:MDLZ)

Hickory Point Bank & Trust purchased a new position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,608 shares of the company's stock, valued at approximately $454,000.

Other institutional investors have also made changes to their positions in the company. Truvestments Capital LLC bought a new stake in Mondelez International in the third quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in Mondelez International in the fourth quarter worth $26,000. Prospera Private Wealth LLC acquired a new position in Mondelez International during the third quarter worth $27,000. Hager Investment Management Services LLC bought a new position in Mondelez International during the fourth quarter valued at about $27,000. Finally, McClarren Financial Advisors Inc. acquired a new stake in shares of Mondelez International in the fourth quarter worth about $32,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent analyst reports. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. The Goldman Sachs Group decreased their price target on shares of Mondelez International from $68.00 to $60.00 and set a "buy" rating for the company in a report on Thursday, February 6th. Piper Sandler lowered Mondelez International from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $70.00 to $63.00 in a research note on Friday, January 31st. Royal Bank of Canada lowered their target price on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a report on Thursday, February 6th. Finally, UBS Group dropped their price target on Mondelez International from $76.00 to $63.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Mondelez International currently has an average rating of "Moderate Buy" and an average price target of $69.74.

Mondelez International Price Performance

Shares of MDLZ stock traded up $1.01 during trading hours on Wednesday, hitting $66.30. 9,262,303 shares of the company's stock were exchanged, compared to its average volume of 7,406,243. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The stock has a market cap of $85.76 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The stock's 50-day moving average is $59.64 and its 200-day moving average is $65.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data 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%. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The business also recently declared 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. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Mondelez International declared that its board has authorized a stock repurchase program on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

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.