Stock Yards Bank & Trust Co. Sells 32,920 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Stock Yards Bank & Trust Co. trimmed its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 316,580 shares of the company’s stock after selling 32,920 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Mondelez International were worth $18,909,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. McAdam LLC raised its holdings in Mondelez International by 7.7% during the fourth quarter. McAdam LLC now owns 3,483 shares of the company’s stock worth $208,000 after buying an additional 250 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its position in shares of Mondelez International by 57.0% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 10,399 shares of the company’s stock worth $621,000 after acquiring an additional 3,774 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Mondelez International by 1.6% in the 4th quarter. Greenleaf Trust now owns 318,935 shares of the company’s stock worth $19,050,000 after acquiring an additional 5,086 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in Mondelez International by 1.3% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 354,253 shares of the company’s stock valued at $21,160,000 after acquiring an additional 4,576 shares in the last quarter. Finally, Independence Bank of Kentucky boosted its stake in Mondelez International by 32.6% during the 4th quarter. Independence Bank of Kentucky now owns 26,949 shares of the company’s stock valued at $1,610,000 after purchasing an additional 6,622 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on MDLZ shares. Piper Sandler downgraded Mondelez International from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $70.00 to $63.00 in a research note on Friday. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and dropped their price objective for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Stifel Nicolaus reduced their target price 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. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Finally, Bank of America upped their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $72.76.

Mondelez International Price Performance

Mondelez International stock opened at $57.99 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The business’s 50 day simple moving average is $60.09 and its 200 day simple moving average is $66.67. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The company has a market cap of $77.54 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 3.12 and a beta of 0.54.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.24%. Mondelez International’s payout ratio is 66.67%.

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