Benjamin Edwards Inc. Decreases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Benjamin Edwards Inc. cut its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 28.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,641 shares of the company’s stock after selling 8,473 shares during the period. Benjamin Edwards Inc.’s holdings in Mondelez International were worth $1,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in MDLZ. Barclays PLC raised its position in Mondelez International by 48.8% in the third quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock valued at $343,411,000 after purchasing an additional 1,623,588 shares during the period. Canada Pension Plan Investment Board raised its holdings in Mondelez International by 44.5% in the 3rd quarter. Canada Pension Plan Investment Board now owns 3,766,132 shares of the company’s stock valued at $261,370,000 after buying an additional 1,159,900 shares during the period. J.P. Morgan Private Wealth Advisors LLC acquired a new position in Mondelez International in the third quarter valued at about $71,311,000. Envestnet Asset Management Inc. boosted its stake in Mondelez International by 38.1% during the third quarter. Envestnet Asset Management Inc. now owns 3,264,142 shares of the company’s stock worth $226,531,000 after buying an additional 900,445 shares during the period. Finally, Burgundy Asset Management Ltd. increased its position in shares of Mondelez International by 52.7% during the third quarter. Burgundy Asset Management Ltd. now owns 2,430,258 shares of the company’s stock valued at $168,660,000 after acquiring an additional 838,651 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Barclays cut their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Sanford C. Bernstein lifted their target price on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Stock Performance

NASDAQ MDLZ traded up $0.22 on Thursday, hitting $70.91. 2,781,800 shares of the company’s stock were exchanged, compared to its average volume of 7,932,665. 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’s 50-day moving average price is $70.36 and its two-hundred day moving average price is $70.87. The firm has a market cap of $95.48 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 2.50 and a beta of 0.55. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $78.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same period in the prior year, the company posted $0.89 EPS. The business’s revenue for the quarter was up 1.4% on a year-over-year basis. On average, research analysts expect that Mondelez International, Inc. will post 3.51 EPS 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 dividend of $0.425 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 annualized dividend and a dividend yield of 2.40%. Mondelez International’s dividend payout ratio is currently 53.97%.

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.