Callan Family Office LLC Has $1.90 Million Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Callan Family Office LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 546.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,738 shares of the company’s stock after acquiring an additional 26,827 shares during the period. Callan Family Office LLC’s holdings in Mondelez International were worth $1,896,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Truvestments Capital LLC bought a new position in shares of Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International during the 3rd quarter worth about $27,000. Marshall Investment Management LLC bought a new position in shares of Mondelez International during the 4th quarter worth about $26,000. Hager Investment Management Services LLC bought a new position in shares of Mondelez International during the 4th quarter worth about $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new position in shares of Mondelez International during the 4th quarter worth about $31,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Up 1.5 %

Shares of MDLZ stock opened at $67.74 on Friday. The company has a 50 day moving average of $60.06 and a 200-day moving average of $65.60. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The firm has a market cap of $87.62 billion, a P/E ratio of 19.81, a PEG ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International announced that its Board of Directors has initiated a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 annualized dividend and a dividend yield of 2.78%. Mondelez International’s payout ratio is currently 54.97%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. Dbs Bank cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. UBS Group dropped their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, January 16th. Finally, Piper Sandler cut shares of Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $70.00 to $63.00 in a research report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $69.74.

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.