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

Benjamin Edwards Inc. lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,238 shares of the company’s stock after selling 364 shares during the quarter. Benjamin Edwards Inc.’s holdings in Mondelez International were worth $1,390,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. SageView Advisory Group LLC acquired a new stake in Mondelez International during the fourth quarter worth approximately $907,000. Gotham Asset Management LLC boosted its position in Mondelez International by 10.4% during the fourth quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after acquiring an additional 16,450 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Mondelez International during the first quarter worth approximately $1,686,000. Schroder Investment Management Group boosted its position in Mondelez International by 35.1% during the fourth quarter. Schroder Investment Management Group now owns 649,046 shares of the company’s stock worth $47,010,000 after acquiring an additional 168,639 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in Mondelez International by 21.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 157,248 shares of the company’s stock worth $11,389,000 after acquiring an additional 27,379 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Down 0.4 %

NASDAQ MDLZ opened at $74.78 on Friday. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20. The company has a 50-day simple moving average of $70.48 and a 200-day simple moving average of $69.44. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The firm has a market capitalization of $100.31 billion, a PE ratio of 23.74, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same period in the previous year, the business posted $0.76 EPS. The company’s quarterly revenue was down 1.9% on a year-over-year basis. On average, equities analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.51%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. Mondelez International’s payout ratio is presently 59.68%.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent analyst reports. TD Cowen cut their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. Wells Fargo & Company cut their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. DA Davidson cut their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, Sanford C. Bernstein cut their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

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.