3,246 Shares in Mondelez International, Inc. (NASDAQ:MDLZ) Acquired by Galvin Gaustad & Stein LLC

Galvin Gaustad & Stein LLC acquired a new position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the first quarter, HoldingsChannel.com reports. The institutional investor acquired 3,246 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Abound Financial LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at $25,000. Goodman Advisory Group LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at $26,000. Transce3nd LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at $30,000. Orion Capital Management LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at $30,000. Finally, E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of Mondelez International by 376.1% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company’s stock valued at $30,000 after purchasing an additional 346 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 1.4%

Mondelez International stock opened at $69.58 on Tuesday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The firm has a market capitalization of $90.09 billion, a price-to-earnings ratio of 25.87, a price-to-earnings-growth ratio of 5.31 and a beta of 0.48. The firm’s fifty day moving average price is $67.72 and its two-hundred day moving average price is $65.11. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same period last year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. On average, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Monday, June 30th. Mondelez International’s payout ratio is currently 69.89%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. UBS Group increased their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock a “neutral” rating in a research note on Thursday, July 17th. Morgan Stanley increased their target price on shares of Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 30th. Evercore ISI increased their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. Finally, DA Davidson lowered shares of Mondelez International from a “buy” rating to a “neutral” rating and increased their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $70.72.

About Mondelez International

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.