TD Waterhouse Canada Inc. reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 4.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 334,516 shares of the company’s stock after selling 16,037 shares during the period. TD Waterhouse Canada Inc.’s holdings in Mondelez International were worth $19,339,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in MDLZ. Pension & Wealth Management Advisors Inc. lifted its holdings in shares of Mondelez International by 2.9% during the 3rd quarter. Pension & Wealth Management Advisors Inc. now owns 11,782 shares of the company’s stock valued at $681,000 after purchasing an additional 330 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. boosted its position in shares of Mondelez International by 2.5% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 296,156 shares of the company’s stock worth $17,124,000 after purchasing an additional 7,309 shares in the last quarter. BostonPremier Wealth LLC purchased a new position in Mondelez International during the 3rd quarter worth $296,000. V Square Quantitative Management LLC grew its stake in Mondelez International by 15.2% during the 3rd quarter. V Square Quantitative Management LLC now owns 12,079 shares of the company’s stock worth $698,000 after buying an additional 1,596 shares during the last quarter. Finally, Community Trust & Investment Co. grew its stake in Mondelez International by 1.6% during the 3rd quarter. Community Trust & Investment Co. now owns 195,269 shares of the company’s stock worth $11,290,000 after buying an additional 3,128 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.
Mondelez International Stock Up 1.4%
Mondelez International stock opened at $63.91 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. The business’s 50-day simple moving average is $61.66 and its two-hundred day simple moving average is $60.80. The company has a market cap of $81.57 billion, a PE ratio of 23.50, a PEG ratio of 2.52 and a beta of 0.38. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $66.65.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. The business had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same period in the prior year, the company earned $0.73 earnings per share. The company’s revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current year.
Mondelez International Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th were given a $0.52 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date was Wednesday, September 30th. Mondelez International’s payout ratio is currently 76.47%.
Insider Buying and Selling
In related news, CEO Dirk Van de Put sold 133,580 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the transaction, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on MDLZ. Weiss Ratings upgraded shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Wells Fargo & Company cut their price target on shares of Mondelez International from $70.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. BNP Paribas Exane raised their price target on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. The Goldman Sachs Group raised their price target on shares of Mondelez International from $65.00 to $72.00 and gave the stock a “buy” rating in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Mondelez International from $58.00 to $60.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $68.86.
Read Our Latest Analysis on Mondelez International
Mondelez International Profile
Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.
The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.
Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.
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