Kentucky Retirement Systems Insurance Trust Fund Purchases 22,557 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Kentucky Retirement Systems Insurance Trust Fund lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 57.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,107 shares of the company’s stock after purchasing an additional 22,557 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in Mondelez International were worth $3,710,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of MDLZ. Creative Planning lifted its position in Mondelez International by 4.8% in the 3rd quarter. Creative Planning now owns 343,226 shares of the company’s stock valued at $25,285,000 after acquiring an additional 15,845 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of Mondelez International by 2.1% in the 3rd quarter. Commonwealth Equity Services LLC now owns 453,653 shares of the company’s stock valued at $33,421,000 after purchasing an additional 9,353 shares during the period. OLD National Bancorp IN raised its holdings in shares of Mondelez International by 4.1% in the 3rd quarter. OLD National Bancorp IN now owns 11,135 shares of the company’s stock valued at $820,000 after purchasing an additional 436 shares during the period. Vest Financial LLC grew its stake in Mondelez International by 126.7% in the 3rd quarter. Vest Financial LLC now owns 8,809 shares of the company’s stock valued at $649,000 after buying an additional 4,924 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in Mondelez International by 54.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 738,358 shares of the company’s stock valued at $54,395,000 after buying an additional 260,036 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 0.6 %

MDLZ stock opened at $60.82 on Tuesday. The company has a quick ratio of 0.42, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a market capitalization of $81.33 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 4.04 and a beta of 0.54. The firm’s fifty day simple moving average is $58.98 and its two-hundred day simple moving average is $66.11.

Mondelez International (NASDAQ:MDLZ) last issued 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 net margin of 12.68% and a return on equity of 16.75%. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International declared that its Board of Directors has authorized a stock buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.09%. Mondelez International’s dividend payout ratio (DPR) is currently 54.97%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MDLZ. The Goldman Sachs Group decreased their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Barclays cut their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their target price for the company from $70.00 to $63.00 in a research report on Friday, January 31st. 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. Finally, Royal Bank of Canada cut their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.