Horizon Bancorp Inc. IN Lowers Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Horizon Bancorp Inc. IN reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,148 shares of the company’s stock after selling 460 shares during the quarter. Horizon Bancorp Inc. IN’s holdings in Mondelez International were worth $188,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Wealthspire Advisors LLC increased its holdings in Mondelez International by 14.0% in the second quarter. Wealthspire Advisors LLC now owns 18,116 shares of the company’s stock valued at $1,185,000 after buying an additional 2,222 shares in the last quarter. Fairfield Financial Advisors LTD purchased a new position in Mondelez International during the second quarter worth approximately $46,000. Capital Wealth Planning LLC grew its holdings in Mondelez International by 6.7% in the second quarter. Capital Wealth Planning LLC now owns 9,550 shares of the company’s stock valued at $625,000 after purchasing an additional 600 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after acquiring an additional 4,794,746 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Mondelez International by 13.6% during the second quarter. Dimensional Fund Advisors LP now owns 8,970,204 shares of the company’s stock worth $587,094,000 after acquiring an additional 1,071,719 shares during the period. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price target for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Bank of America lifted their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Evercore ISI raised their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Citigroup decreased their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Redburn Atlantic started coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.64.

Mondelez International Stock Down 0.1 %

Shares of NASDAQ:MDLZ opened at $56.17 on Tuesday. The business has a 50-day moving average price of $62.34 and a 200 day moving average price of $67.50. 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 company 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 12-month low of $55.97 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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. The firm had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period last year, the company earned $0.82 EPS. Sell-side analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Tuesday, December 31st. Mondelez International’s dividend payout ratio is currently 66.67%.

Mondelez International declared that its board has authorized a stock repurchase plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is 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.