Benson Investment Management Company Inc. Buys New Shares in Mondelez International, Inc. (NASDAQ:MDLZ)

Benson Investment Management Company Inc. purchased a new stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 70,875 shares of the company’s stock, valued at approximately $5,221,000. Mondelez International accounts for approximately 2.1% of Benson Investment Management Company Inc.’s investment portfolio, making the stock its 27th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International during the 2nd quarter valued at $26,000. Lynx Investment Advisory bought a new position in shares of Mondelez International in the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of Mondelez International during the second quarter worth about $29,000. ESL Trust Services LLC bought a new stake in Mondelez International during the 1st quarter valued at approximately $38,000. Finally, Riverview Trust Co purchased a new position in Mondelez International in the 1st quarter worth approximately $44,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MDLZ shares. JPMorgan Chase & Co. increased their price objective on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Stifel Nicolaus reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Deutsche Bank Aktiengesellschaft cut their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. The Goldman Sachs Group initiated coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Sanford C. Bernstein cut their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.41.

Mondelez International Stock Down 0.2 %

Shares of NASDAQ MDLZ opened at $70.53 on Tuesday. The stock has a market capitalization of $94.61 billion, a price-to-earnings ratio of 22.39, a P/E/G ratio of 2.87 and a beta of 0.54. Mondelez International, Inc. has a 12-month low of $61.83 and a 12-month high of $77.20. The firm’s 50-day moving average price is $72.36 and its 200-day moving average price is $69.55. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last issued 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. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The firm’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.76 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.5 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 14th. Investors of record on Monday, September 30th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.67%. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. Mondelez International’s dividend payout ratio is presently 59.68%.

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.