16,037 Mondelez International, Inc. $MDLZ Shares Sold by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada reduced its Mondelez stake by 4.6% in the third quarter, selling 16,037 shares and retaining 334,516 shares valued at approximately $19.3 million. Institutional investors collectively own 78.32% of MDLZ.
• Analysts maintain a generally positive outlook, with 17 Buy ratings and 10 Hold ratings producing a consensus “Moderate Buy” rating and an average price target of $68.86.
• Mondelez beat quarterly expectations with adjusted EPS of $0.73 and revenue of $9.36 billion, while increasing its quarterly dividend to $0.52 per share, equivalent to a 3.3% annualized yield.

TD Waterhouse Canada Inc. lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 4.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor 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 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Miller Global Investments LLC bought a new position in Mondelez International in the third quarter worth approximately $26,000. North Point Portfolio Managers Corp OH purchased a new position in Mondelez International during the 3rd quarter worth $28,000. MV Capital Management Inc. bought a new stake in Mondelez International during the 4th quarter valued at $31,000. Ballast Advisors LLC bought a new stake in Mondelez International during the 1st quarter valued at $34,000. Finally, C M Bidwell & Associates Ltd. bought a new stake in Mondelez International during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings upgraded Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd. UBS Group increased their price target on Mondelez International from $64.00 to $68.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. cut their price target on Mondelez International from $72.00 to $71.00 and set an "overweight" rating on the stock in a research note on Friday. BTIG Research lifted their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Mondelez International from $58.00 to $60.00 and gave the company a "hold" rating in a report on Wednesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $68.86.

Mondelez International Price Performance

Shares of MDLZ opened at $63.91 on Friday. The company has a 50 day moving average price of $61.66 and a 200-day moving average price of $60.80. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $66.65. The stock has a market capitalization of $81.57 billion, a PE ratio of 23.50, a PEG ratio of 2.52 and a beta of 0.38. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. The firm had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company's quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Equities analysts predict that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.52 per share. 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 dividend payout ratio (DPR) is currently 76.47%.

Insider Transactions at Mondelez International

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the sale, the chief executive officer owned 1,326,488 shares of the company's stock, valued at approximately $85,001,351.04. This trade represents a 9.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.45% of the company's stock.

About Mondelez International

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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