Benjamin Edwards Inc. Purchases 404,567 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Benjamin Edwards Inc. lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1,904.9% during the 3rd quarter, Holdings Channel reports. The fund owned 425,805 shares of the company’s stock after acquiring an additional 404,567 shares during the quarter. Benjamin Edwards Inc.’s holdings in Mondelez International were worth $31,369,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of MDLZ. Truvestments Capital LLC acquired a new position in Mondelez International in the third quarter worth $25,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International during the 2nd quarter worth about $26,000. Lynx Investment Advisory bought a new stake in Mondelez International during the 2nd quarter worth about $27,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International in the 3rd quarter valued at about $27,000. Finally, Richardson Financial Services Inc. increased its position in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ opened at $64.95 on Monday. The firm’s 50 day simple moving average is $69.04 and its 200 day simple moving average is $69.10. Mondelez International, Inc. has a fifty-two week low of $63.40 and a fifty-two week high of $77.20. The company has a market capitalization of $86.85 billion, a price-to-earnings ratio of 23.03, a P/E/G ratio of 2.93 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period last year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Analyst Ratings Changes

MDLZ has been the topic of a number of research reports. Citigroup reduced their target price on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. The Goldman Sachs Group assumed coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective on the stock. Wells Fargo & Company dropped their target price on Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a research report on Wednesday, October 30th. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Finally, Stifel Nicolaus boosted their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $79.93.

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.