Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Benjamin Edwards Inc.

Key Points

• Benjamin Edwards Inc. increased its holdings in Mondelez International by 19.6%, acquiring an additional 82,144 shares, bringing their total to 501,976 shares valued at about $34 million.
• Mondelez International announced a quarterly dividend of $0.50 per share, up from $0.47, with a yield of 3.2% expected to be paid on October 14th.
• The company's earnings per share for the last quarter were $0.73, exceeding estimates, with revenue reaching $8.98 billion, a 7.7% increase year-over-year.

Benjamin Edwards Inc. boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 19.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 501,976 shares of the company's stock after buying an additional 82,144 shares during the period. Benjamin Edwards Inc.'s holdings in Mondelez International were worth $34,059,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hemington Wealth Management raised its holdings in Mondelez International by 11.4% during the first quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock valued at $103,000 after acquiring an additional 156 shares during the period. Checchi Capital Advisers LLC boosted its position in shares of Mondelez International by 1.0% during the first quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock valued at $1,083,000 after buying an additional 160 shares during the period. Glass Jacobson Investment Advisors llc boosted its position in shares of Mondelez International by 6.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock valued at $160,000 after buying an additional 168 shares during the period. Sound Income Strategies LLC boosted its holdings in shares of Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after purchasing an additional 168 shares during the period. Finally, Sage Private Wealth Group LLC boosted its holdings in shares of Mondelez International by 3.7% in the first quarter. Sage Private Wealth Group LLC now owns 4,921 shares of the company's stock valued at $334,000 after purchasing an additional 175 shares during the period. Institutional investors own 78.32% of the company's stock.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price target on Mondelez International from $73.00 to $76.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. UBS Group reduced their price target on Mondelez International from $72.00 to $69.00 and set a "neutral" rating on the stock in a research report on Thursday, July 31st. Evercore ISI upped their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Finally, Piper Sandler upped their target price on Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and a consensus target price of $71.95.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ traded down $0.25 during trading on Monday, reaching $61.58. 13,278,198 shares of the company's stock traded hands, compared to its average volume of 8,133,855. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm has a market cap of $79.68 billion, a PE ratio of 22.56, a P/E/G ratio of 4.67 and a beta of 0.46. The company has a 50-day simple moving average of $67.28 and a 200-day simple moving average of $65.53.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. The company had revenue of $8.98 billion for the quarter, compared to analysts' expectations of $8.82 billion. During the same period in the previous year, the firm posted $0.86 EPS. Mondelez International's revenue was up 7.7% compared to the same quarter last year. As a group, analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 30th. This is a boost from Mondelez International's previous quarterly dividend of $0.47. Mondelez International's dividend payout ratio is presently 68.86%.

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.