Benjamin Edwards Inc. Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Benjamin Edwards Inc. lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 419,832 shares of the company's stock after selling 5,973 shares during the quarter. Benjamin Edwards Inc.'s holdings in Mondelez International were worth $25,076,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Franklin Resources Inc. increased its holdings in shares of Mondelez International by 1.7% during the 3rd quarter. Franklin Resources Inc. now owns 7,757,334 shares of the company's stock worth $547,125,000 after buying an additional 131,974 shares during the last quarter. Principal Financial Group Inc. increased its stake in Mondelez International by 5.6% during the third quarter. Principal Financial Group Inc. now owns 1,567,067 shares of the company's stock worth $115,446,000 after acquiring an additional 82,742 shares during the last quarter. Central Pacific Bank Trust Division increased its holdings in Mondelez International by 8.3% during the 4th quarter. Central Pacific Bank Trust Division now owns 11,644 shares of the company's stock worth $695,000 after purchasing an additional 897 shares during the period. Boltwood Capital Management grew its holdings in Mondelez International by 3.0% during the 4th quarter. Boltwood Capital Management now owns 13,270 shares of the company's stock worth $793,000 after acquiring an additional 382 shares in the last quarter. Finally, Canandaigua National Bank & Trust Co. increased its holdings in Mondelez International by 50.5% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 32,565 shares of the company's stock valued at $1,945,000 after buying an additional 10,920 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MDLZ shares. Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Evercore ISI boosted their price target 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. DZ Bank cut Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 price objective for the company. in a research report on Friday, February 7th. DA Davidson downgraded shares of Mondelez International from a "buy" rating to a "neutral" rating and lifted their price target for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. Finally, Barclays lifted their price objective on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Stock Down 0.2 %

Shares of NASDAQ MDLZ opened at $67.75 on Friday. The firm has a market cap of $87.64 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 4.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The firm's 50 day moving average price is $66.14 and its 200 day moving average price is $63.66.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business's revenue was up .2% on a year-over-year basis. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 14th. Stockholders of record on Monday, March 31st were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Monday, March 31st. Mondelez International's dividend payout ratio is currently 54.97%.

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.

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