Kentucky Trust Co Acquires New Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Kentucky Trust Co acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,715 shares of the company’s stock, valued at approximately $102,000.

Other hedge funds have also recently bought and sold shares of the company. Community Financial Services Group LLC raised its position in shares of Mondelez International by 4.2% during the 4th quarter. Community Financial Services Group LLC now owns 43,983 shares of the company’s stock worth $2,627,000 after buying an additional 1,767 shares in the last quarter. Leavell Investment Management Inc. raised its position in shares of Mondelez International by 5.3% during the 4th quarter. Leavell Investment Management Inc. now owns 11,602 shares of the company’s stock worth $698,000 after buying an additional 580 shares in the last quarter. Portfolio Design Labs LLC raised its position in shares of Mondelez International by 79.9% during the 4th quarter. Portfolio Design Labs LLC now owns 35,042 shares of the company’s stock worth $2,093,000 after buying an additional 15,563 shares in the last quarter. Quent Capital LLC raised its position in shares of Mondelez International by 26.9% during the 4th quarter. Quent Capital LLC now owns 3,867 shares of the company’s stock worth $231,000 after buying an additional 820 shares in the last quarter. Finally, Community Bank & Trust Waco Texas raised its position in shares of Mondelez International by 6.5% during the 4th quarter. Community Bank & Trust Waco Texas now owns 39,904 shares of the company’s stock worth $2,383,000 after buying an additional 2,431 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MDLZ has been the topic of a number of recent analyst reports. Citigroup dropped their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus dropped their price target on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. UBS Group dropped their target price on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. DZ Bank downgraded shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price on the stock. in a report on Friday, February 7th. Finally, Redburn Atlantic started coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.72.

Mondelez International Stock Performance

Mondelez International stock 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 market cap of $81.03 billion, a P/E ratio of 17.72, a price-to-earnings-growth ratio of 4.04 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 0.42. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data 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 net margin of 12.68% and a return on equity of 16.75%. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

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

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given 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 of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is presently 54.97%.

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.