First Financial Bankshares Inc Acquires 15,065 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

First Financial Bankshares Inc boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,193,383 shares of the company’s stock after purchasing an additional 15,065 shares during the quarter. Mondelez International makes up approximately 1.9% of First Financial Bankshares Inc’s holdings, making the stock its 15th biggest position. First Financial Bankshares Inc owned 0.09% of Mondelez International worth $87,917,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. bought a new position in shares of Mondelez International during the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International during the 2nd quarter valued at approximately $27,000. Richardson Financial Services Inc. boosted its position in shares of Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International during the 2nd quarter valued at approximately $29,000. Finally, ESL Trust Services LLC bought a new position in shares of Mondelez International during the 1st quarter valued at approximately $38,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on MDLZ shares. Sanford C. Bernstein lowered their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research report on Wednesday, July 17th. Evercore ISI increased their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Bank of America raised their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. JPMorgan Chase & Co. raised their price target on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, DA Davidson lowered their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.35.

Mondelez International Trading Down 1.0 %

MDLZ stock traded down $0.72 during midday trading on Friday, reaching $69.23. The company’s stock had a trading volume of 6,176,667 shares, compared to its average volume of 4,962,339. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The stock has a fifty day simple moving average of $72.54 and a two-hundred day simple moving average of $69.69. Mondelez International, Inc. has a 1 year low of $64.18 and a 1 year high of $77.20. The firm has a market capitalization of $92.86 billion, a price-to-earnings ratio of 21.98, a PEG ratio of 2.98 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. The firm had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share. On average, equities research analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is currently 59.68%.

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.