Callan Capital LLC Acquires New Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Callan Capital LLC bought a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,478 shares of the company's stock, valued at approximately $372,000.

A number of other hedge funds also recently modified their holdings of the stock. Brighton Jones LLC grew its holdings in Mondelez International by 92.4% during the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock worth $874,000 after acquiring an additional 7,025 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of Mondelez International by 1.1% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after acquiring an additional 3,706 shares during the period. Proficio Capital Partners LLC acquired a new position in Mondelez International during the fourth quarter worth $10,084,000. Andra AP fonden acquired a new position in Mondelez International during the fourth quarter worth $2,789,000. Finally, Bank Julius Baer & Co. Ltd Zurich raised its holdings in shares of Mondelez International by 7.4% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,249 shares of the company's stock valued at $346,000 after purchasing an additional 362 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on MDLZ. DA Davidson lowered shares of Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Piper Sandler raised their target price on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Stifel Nicolaus lifted their price target on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Evercore ISI raised their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. Finally, UBS Group boosted their target price on shares of Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International Trading Up 0.6%

MDLZ stock traded up $0.40 during midday trading on Thursday, reaching $67.25. The company's stock had a trading volume of 4,594,597 shares, compared to its average volume of 8,091,563. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The stock has a fifty day simple moving average of $67.01 and a two-hundred day simple moving average of $64.14. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm has a market capitalization of $87.07 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 5.29 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. Mondelez International's dividend payout ratio is currently 69.89%.

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.