Mondelez International, Inc. $MDLZ Shares Bought by Callan Family Office LLC

Key Points

• Callan Family Office LLC increased its holdings in Mondelez International by 156.6% in the second quarter, owning a total of 35,915 shares valued at approximately $2.42 million.
• Mondelez International recently declared a quarterly dividend of $0.50 per share, marking a raise from the previous $0.47, with a yield of 3.3%.
• Analysts maintain a consensus rating of "Moderate Buy" on Mondelez International stock, with a target price averaging $71.55.

Callan Family Office LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 156.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 35,915 shares of the company's stock after purchasing an additional 21,919 shares during the quarter. Callan Family Office LLC's holdings in Mondelez International were worth $2,422,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Abound Financial LLC acquired a new position in Mondelez International in the 1st quarter worth about $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International during the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of 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 valued at $30,000 after acquiring an additional 346 shares during the last quarter. North Capital Inc. acquired a new position in shares of Mondelez International during the first quarter valued at approximately $31,000. Finally, Saudi Central Bank acquired a new position in shares of Mondelez International during the first quarter valued at approximately $36,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Trading Up 0.7%

Shares of Mondelez International stock opened at $61.45 on Friday. The firm has a market capitalization of $79.51 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 4.65 and a beta of 0.45. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $72.70. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The stock has a 50 day moving average of $62.28 and a 200 day moving average of $65.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. As a group, research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's payout ratio is currently 73.26%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on Mondelez International in a report on Wednesday, August 20th. They set an "overweight" rating and a $75.00 target price for the company. Wells Fargo & Company reduced their target price on Mondelez International from $78.00 to $74.00 and set an "overweight" rating for the company in a report on Thursday, September 25th. Sanford C. Bernstein upped their price target on Mondelez International from $79.00 to $88.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Morgan Stanley dropped their price target on Mondelez International from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Monday, October 6th. Finally, Barclays upped their price target on Mondelez International from $74.00 to $77.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $71.55.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.