Mondelez International, Inc. $MDLZ Shares Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Mondelez stake by 7.4% in the second quarter, bringing its holdings to 350,553 shares valued at approximately $20.8 million. Institutional investors and hedge funds collectively own 78.32% of MDLZ.
• Analysts remain broadly positive, with one Strong Buy, 14 Buy and 10 Hold ratings. The stock has a consensus rating of Moderate Buy and an average price target of $67.30.
• Mondelez beat quarterly expectations with $0.73 in adjusted EPS and $9.36 billion in revenue, while revenue rose 4.1% year over year. The company also raised its quarterly dividend from $0.50 to $0.52 per share, implying a 3.4% annualized yield.

TD Waterhouse Canada Inc. lifted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 7.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 350,553 shares of the company's stock after acquiring an additional 24,115 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Mondelez International were worth $20,818,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of MDLZ. J.Safra Asset Management Corp acquired a new position in Mondelez International during the 4th quarter worth $25,000. Advocate Investing Services LLC acquired a new stake in Mondelez International in the 4th quarter valued at about $25,000. Kemnay Advisory Services Inc. acquired a new stake in Mondelez International in the 4th quarter valued at about $28,000. Navalign LLC purchased a new position in shares of Mondelez International in the 4th quarter valued at about $31,000. Finally, MV Capital Management Inc. purchased a new position in shares of Mondelez International in the 4th quarter valued at about $31,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent research reports. Jefferies Financial Group restated a "buy" rating and set a $73.00 target price on shares of Mondelez International in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $70.00 to $72.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. TD Cowen boosted their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Weiss Ratings raised shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Finally, Barclays boosted their target price on shares of Mondelez International from $68.00 to $70.00 and gave the stock an "overweight" rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $67.30.

Insider Activity at Mondelez International

In other news, CEO Dirk Van de Put sold 133,580 shares of Mondelez International stock in a transaction dated 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 in the company, valued at approximately $85,001,351.04. The trade was a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 0.45% of the company's stock.

Mondelez International Stock Down 0.3%

Shares of NASDAQ:MDLZ opened at $61.28 on Friday. The firm has a 50 day simple moving average of $61.53 and a 200-day simple moving average of $60.24. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $78.21 billion, a PE ratio of 22.53, a P/E/G ratio of 2.40 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The firm had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. During the same period last year, the firm posted $0.73 EPS. 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. On average, equities analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.52 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This is a positive change from Mondelez International's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 3.4%. Mondelez International's dividend 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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