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

Benjamin Edwards Inc. increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1,904.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 425,805 shares of the company’s stock after purchasing 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.

Other large investors have also recently added to or reduced their stakes in the company. Axiom Advisory LLC lifted its stake in shares of Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after buying an additional 143 shares during the last quarter. Sachetta LLC lifted its position in Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after acquiring an additional 149 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its position in Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock worth $78,000 after acquiring an additional 150 shares during the last quarter. Carnegie Investment Counsel boosted its holdings in Mondelez International by 1.4% during the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after acquiring an additional 151 shares during the period. Finally, Pure Financial Advisors LLC grew its position in shares of Mondelez International by 4.1% in the second quarter. Pure Financial Advisors LLC now owns 3,853 shares of the company’s stock valued at $252,000 after purchasing an additional 153 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

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

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion for the quarter, compared to the consensus estimate of $9.11 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. As a group, research analysts expect that Mondelez International, Inc. will post 3.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MDLZ. Piper Sandler boosted their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Stifel Nicolaus upped their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Redburn Atlantic initiated coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Bank of America boosted their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company reduced their price target on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $79.93.

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.