Independence Bank of Kentucky Purchases 2,040 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Independence Bank of Kentucky raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 15.2% in the first quarter, Holdings Channel reports. The fund owned 15,474 shares of the company’s stock after buying an additional 2,040 shares during the quarter. Independence Bank of Kentucky’s holdings in Mondelez International were worth $1,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Bogart Wealth LLC lifted its stake in shares of Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after buying an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International in the fourth quarter valued at about $26,000. HHM Wealth Advisors LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at about $29,000. Transcendent Capital Group LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at about $34,000. Finally, Orion Capital Management LLC bought a new stake in shares of Mondelez International in the third quarter valued at about $35,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded down $0.73 during mid-day trading on Friday, hitting $65.44. 10,899,642 shares of the stock were exchanged, compared to its average volume of 5,805,895. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The company has a market cap of $87.78 billion, a P/E ratio of 20.77, a PEG ratio of 2.55 and a beta of 0.54. The stock’s fifty day simple moving average is $68.89 and its two-hundred day simple moving average is $70.81. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. Mondelez International’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.89 earnings per share. As a group, analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date of this dividend is Friday, June 28th. Mondelez International’s dividend payout ratio is currently 53.97%.

Analyst Ratings Changes

Several research firms recently weighed in on MDLZ. TD Cowen reduced their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Wells Fargo & Company reduced their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Barclays cut their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Sanford C. Bernstein raised their price target on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $80.22.

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.