First Financial Corp IN Increases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

First Financial Corp IN increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,032 shares of the company’s stock after purchasing an additional 318 shares during the quarter. First Financial Corp IN’s holdings in Mondelez International were worth $778,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wealthspire Advisors LLC lifted its stake in shares of Mondelez International by 14.0% during the 2nd quarter. Wealthspire Advisors LLC now owns 18,116 shares of the company’s stock worth $1,185,000 after acquiring an additional 2,222 shares during the last quarter. Fairfield Financial Advisors LTD purchased a new stake in Mondelez International in the second quarter worth $46,000. Capital Wealth Planning LLC lifted its position in shares of Mondelez International by 6.7% during the second quarter. Capital Wealth Planning LLC now owns 9,550 shares of the company’s stock worth $625,000 after purchasing an additional 600 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Mondelez International by 13.6% in the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock worth $587,094,000 after purchasing an additional 1,071,719 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on MDLZ. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Bank of America boosted their price target on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, October 15th. Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Piper Sandler lifted their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft downgraded Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $77.64.

Mondelez International Trading Down 0.1 %

NASDAQ:MDLZ opened at $56.17 on Tuesday. The stock has a market capitalization of $75.11 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.80 and a beta of 0.54. Mondelez International, Inc. has a 52 week low of $55.97 and a 52 week high of $77.20. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a 50 day moving average of $62.34 and a 200 day moving average of $67.50.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The business’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 3.48 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.35%. Mondelez International’s payout ratio is 66.67%.

Mondelez International announced that its board has approved a share repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.