First Financial Bankshares Inc Purchases 19,878 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First Financial Bankshares Inc lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,213,261 shares of the company's stock after acquiring an additional 19,878 shares during the period. Mondelez International makes up approximately 1.6% of First Financial Bankshares Inc's portfolio, making the stock its 18th biggest position. First Financial Bankshares Inc owned approximately 0.09% of Mondelez International worth $72,468,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Canopy Partners LLC boosted its position in Mondelez International by 1.2% during the third quarter. Canopy Partners LLC now owns 13,335 shares of the company's stock valued at $982,000 after buying an additional 161 shares during the period. Hardy Reed LLC boosted its position in Mondelez International by 1.4% during the third quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock valued at $848,000 after buying an additional 161 shares during the period. Continuum Advisory LLC raised its stake in shares of Mondelez International by 7.4% during the third quarter. Continuum Advisory LLC now owns 2,542 shares of the company's stock valued at $187,000 after acquiring an additional 175 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Mondelez International by 1.8% during the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after acquiring an additional 181 shares during the last quarter. Finally, Traphagen Investment Advisors LLC raised its stake in shares of Mondelez International by 0.8% during the fourth quarter. Traphagen Investment Advisors LLC now owns 23,619 shares of the company's stock valued at $1,411,000 after acquiring an additional 187 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MDLZ. Stifel Nicolaus lowered their price objective on shares of Mondelez International from $82.00 to $70.00 and set a "buy" rating for the company in a research note on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research note on Wednesday, January 22nd. Piper Sandler downgraded shares of Mondelez International from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $70.00 to $63.00 in a research note on Friday, January 31st. UBS Group lowered their target price on Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, January 16th. Finally, Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and a consensus price target of $69.74.

Mondelez International Stock Up 0.9 %

MDLZ stock traded up $0.56 on Friday, reaching $64.51. 25,429,793 shares of the company traded hands, compared to its average volume of 7,508,716. The company has a market cap of $83.45 billion, a P/E ratio of 18.86, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The firm has a fifty day simple moving average of $61.35 and a 200-day simple moving average of $65.06. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 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%. Research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date is Monday, March 31st. Mondelez International's payout ratio is 54.97%.

Mondelez International announced that its board has approved a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company's management believes its shares are undervalued.

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.