Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Callan Family Office LLC

Key Points

• Callan Family Office LLC reduced its stake in Mondelez International by 55.9%, selling 17,742 shares and retaining 13,996 shares, worth approximately $950,000.
• Mondelez International's quarterly earnings exceeded expectations, reporting $0.73 EPS against a consensus estimate of $0.68, with revenues of $8.98 billion, up 7.7% year-over-year.
• The company announced an increase in its quarterly dividend to $0.50 per share, representing an annual yield of 3.3%, with the payout set for October 14th.

Callan Family Office LLC cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 55.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,996 shares of the company's stock after selling 17,742 shares during the period. Callan Family Office LLC's holdings in Mondelez International were worth $950,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in MDLZ. Abound Financial LLC bought a new position in Mondelez International in the first quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International during the first quarter worth approximately $26,000. Transce3nd LLC acquired a new stake in Mondelez International in the 4th quarter valued at $30,000. Orion Capital Management LLC acquired a new position in Mondelez International during the fourth quarter worth $30,000. Finally, E Fund Management Hong Kong Co. Ltd. raised its holdings in Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock worth $30,000 after buying an additional 346 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MDLZ. Wells Fargo & Company upgraded Mondelez International from an "equal weight" rating to an "overweight" rating and upped their price target for the stock from $68.00 to $78.00 in a report on Friday, June 20th. Stifel Nicolaus upped their price objective on Mondelez International from $73.00 to $76.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. DA Davidson downgraded Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. Morgan Stanley increased their price target on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, April 30th. Finally, Barclays increased their price objective on Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a report on Thursday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and an average price target of $71.95.

Mondelez International Stock Performance

NASDAQ MDLZ traded up $0.62 on Friday, hitting $62.08. 5,848,442 shares of the company traded hands, compared to its average volume of 9,037,565. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The business's 50 day moving average price is $66.86 and its 200-day moving average price is $65.53. The company has a market capitalization of $80.33 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 4.70 and a beta of 0.46.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $8.98 billion during the quarter, compared to the consensus estimate of $8.82 billion. During the same quarter last year, the firm earned $0.86 EPS. The firm's revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. Mondelez International's payout ratio is currently 68.86%.

Mondelez International 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.