Gilliland Jeter Wealth Management LLC Takes $520,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

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

Other large investors have also recently made changes to their positions in the company. Delta Investment Management LLC lifted its stake in Mondelez International by 13.9% in the fourth quarter. Delta Investment Management LLC now owns 5,275 shares of the company’s stock worth $382,000 after acquiring an additional 642 shares during the period. Headlands Technologies LLC lifted its stake in Mondelez International by 528.7% in the fourth quarter. Headlands Technologies LLC now owns 35,470 shares of the company’s stock worth $2,569,000 after acquiring an additional 29,828 shares during the period. Citizens Financial Group Inc. RI lifted its stake in Mondelez International by 12.2% in the fourth quarter. Citizens Financial Group Inc. RI now owns 77,543 shares of the company’s stock worth $5,616,000 after acquiring an additional 8,412 shares during the period. Golden State Equity Partners lifted its position in shares of Mondelez International by 10.3% during the fourth quarter. Golden State Equity Partners now owns 5,147 shares of the company’s stock valued at $373,000 after buying an additional 480 shares during the last quarter. Finally, Bahl & Gaynor Inc. lifted its position in shares of Mondelez International by 1.1% during the fourth quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock valued at $422,468,000 after buying an additional 62,595 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

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

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

Mondelez International Announces Dividend

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

Wall Street Analyst Weigh In

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

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.