TD Asset Management Inc reduced its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 10.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 723,302 shares of the company’s stock after selling 88,284 shares during the quarter. TD Asset Management Inc’s holdings in Mondelez International were worth $41,836,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. SmartHarvest Portfolios LLC boosted its position in Mondelez International by 31.0% in the second quarter. SmartHarvest Portfolios LLC now owns 5,293 shares of the company’s stock worth $306,000 after purchasing an additional 1,254 shares during the last quarter. Qsemble Capital Management LP bought a new position in Mondelez International in the 2nd quarter valued at $6,721,000. Ascent Group LLC increased its position in shares of Mondelez International by 17.8% during the 2nd quarter. Ascent Group LLC now owns 24,187 shares of the company’s stock valued at $1,399,000 after purchasing an additional 3,661 shares during the last quarter. TCW Group Inc. increased its position in shares of Mondelez International by 1.8% during the 2nd quarter. TCW Group Inc. now owns 21,804 shares of the company’s stock valued at $1,261,000 after purchasing an additional 381 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC raised its stake in shares of Mondelez International by 5.0% during the 2nd quarter. Fulton Breakefield Broenniman LLC now owns 5,500 shares of the company’s stock worth $318,000 after purchasing an additional 260 shares during the period. 78.32% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on MDLZ. Barclays boosted their price target on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Morgan Stanley reaffirmed an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Freedom Capital cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Weiss Ratings upgraded shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Finally, UBS Group increased their target price on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average target price of $67.30.
Mondelez International Price Performance
Shares of NASDAQ MDLZ opened at $63.61 on Monday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The stock has a market capitalization of $81.19 billion, a PE ratio of 23.39, a P/E/G ratio of 2.59 and a beta of 0.38. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $66.65. The business’s fifty day moving average price is $61.17 and its 200-day moving average price is $59.93.
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, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The company had revenue of $9.36 billion during the quarter, compared to analyst estimates of $9.21 billion. During the same quarter last year, the firm posted $0.73 EPS. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current year.
Mondelez International Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.1%. Mondelez International’s payout ratio is 73.53%.
Mondelez International Profile
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
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