Gallacher Capital Management LLC Makes New $339,000 Investment in Mondelez International, Inc. (NASDAQ:MDLZ)

Gallacher Capital Management LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 1st quarter, Holdings Channel.com reports. The fund acquired 4,844 shares of the company’s stock, valued at approximately $339,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bogart Wealth LLC lifted its position in shares of Mondelez International by 63.9% during the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Mondelez International during the fourth quarter worth $26,000. HHM Wealth Advisors LLC bought a new stake in shares of Mondelez International during the fourth quarter worth $29,000. Transcendent Capital Group LLC bought a new stake in shares of Mondelez International in the fourth quarter valued at about $34,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new stake in Mondelez International in the fourth quarter worth about $36,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Up 0.6 %

Shares of MDLZ traded up $0.37 during mid-day trading on Friday, hitting $65.69. 2,129,375 shares of the company traded hands, compared to its average volume of 7,255,609. Mondelez International, Inc. has a 1-year low of $60.75 and a 1-year high of $77.20. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $88.11 billion, a PE ratio of 20.93, a price-to-earnings-growth ratio of 2.53 and a beta of 0.53. The business has a 50 day moving average of $68.00 and a 200 day moving average of $70.49.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same quarter in the prior year, the company posted $0.89 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities research analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a $0.425 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.70 annualized dividend and a yield of 2.59%. Mondelez International’s dividend payout ratio (DPR) is presently 53.97%.

Analysts Set New Price Targets

A number of analysts recently weighed in on MDLZ shares. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. Sanford C. Bernstein upped their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 1st. Barclays lowered their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. JPMorgan Chase & Co. lowered their price objective on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Finally, Citigroup lowered their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research note on Thursday, April 11th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $80.33.

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.