Gilliland Jeter Wealth Management LLC Purchases New Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Gilliland Jeter Wealth Management LLC purchased a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,175 shares of the company’s stock, valued at approximately $520,000.

Other large investors also recently bought and sold shares of the company. Murphy Middleton Hinkle & Parker Inc. grew its stake in Mondelez International by 3.9% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 3,651 shares of the company’s stock valued at $264,000 after purchasing an additional 136 shares in the last quarter. Cobblestone Asset Management LLC grew its stake in Mondelez International by 2.8% in the fourth quarter. Cobblestone Asset Management LLC now owns 4,982 shares of the company’s stock valued at $361,000 after purchasing an additional 138 shares in the last quarter. Graypoint LLC grew its stake in Mondelez International by 1.1% in the fourth quarter. Graypoint LLC now owns 12,281 shares of the company’s stock valued at $890,000 after purchasing an additional 138 shares in the last quarter. Beacon Capital Management LLC grew its stake in Mondelez International by 15.9% in the fourth quarter. Beacon Capital Management LLC now owns 1,019 shares of the company’s stock valued at $71,000 after purchasing an additional 140 shares in the last quarter. Finally, Clear Harbor Asset Management LLC grew its stake in Mondelez International by 1.9% in the fourth quarter. Clear Harbor Asset Management LLC now owns 7,632 shares of the company’s stock valued at $553,000 after purchasing an additional 140 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MDLZ shares. Stifel Nicolaus upped their price target on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Deutsche Bank Aktiengesellschaft upped their price target on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 18th. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Citigroup cut their price objective on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. Finally, Barclays cut their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $80.89.

Mondelez International Trading Down 0.3 %

Mondelez International stock traded down $0.19 during mid-day trading on Friday, hitting $70.61. 7,145,125 shares of the company’s stock were exchanged, compared to its average volume of 9,491,838. The firm has a market capitalization of $95.07 billion, a P/E ratio of 19.45, a PEG ratio of 2.46 and a beta of 0.56. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.59. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. The company’s 50 day simple moving average is $70.45 and its 200-day simple moving average is $70.61.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, January 30th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.78 by $0.06. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The business had revenue of $9.31 billion for the quarter, compared to the consensus estimate of $9.31 billion. During the same quarter last year, the business posted $0.73 EPS. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts anticipate that Mondelez International, Inc. will post 3.52 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s dividend payout ratio is 46.83%.

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.