Deroy & Devereaux Private Investment Counsel Inc. Purchases 4,576 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Deroy & Devereaux Private Investment Counsel Inc. raised its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 354,253 shares of the company’s stock after acquiring an additional 4,576 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in Mondelez International were worth $21,160,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Independence Bank of Kentucky increased its stake in shares of Mondelez International by 32.6% during the 4th quarter. Independence Bank of Kentucky now owns 26,949 shares of the company’s stock worth $1,610,000 after purchasing an additional 6,622 shares during the last quarter. KG&L Capital Management LLC bought a new position in Mondelez International in the 4th quarter valued at $656,000. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Mondelez International by 28.4% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 21,762 shares of the company’s stock worth $1,309,000 after acquiring an additional 4,819 shares during the last quarter. Waldron Private Wealth LLC lifted its holdings in shares of Mondelez International by 1.0% during the 4th quarter. Waldron Private Wealth LLC now owns 19,496 shares of the company’s stock worth $1,164,000 after acquiring an additional 191 shares during the last quarter. Finally, Caprock Group LLC raised its position in Mondelez International by 1.1% in the 4th quarter. Caprock Group LLC now owns 40,464 shares of the company’s stock worth $2,436,000 after purchasing an additional 431 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MDLZ shares. The Goldman Sachs Group lowered their price objective on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. UBS Group cut their price target 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. Royal Bank of Canada restated an “outperform” rating and issued a $75.00 target price on shares of Mondelez International in a report on Thursday. Finally, Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $70.00 to $63.00 in a report on Friday. Six analysts have rated the stock with a hold rating and twelve have issued 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

Shares of NASDAQ MDLZ opened at $57.99 on Friday. The firm has a market capitalization of $77.54 billion, a P/E ratio of 20.56, a PEG ratio of 3.05 and a beta of 0.54. Mondelez International, Inc. has a one year low of $55.97 and a one year high of $77.20. The company’s fifty day moving average is $60.09 and its two-hundred day moving average is $66.67. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International Announces Dividend

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

Mondelez International announced that its board has authorized a share repurchase program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management 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.