TD Asset Management Inc Has $56.67 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Key Points

• TD Asset Management Inc has reduced its holdings in Mondelez International by 10.2%, now owning 835,203 shares valued at approximately $56.67 million.
• Analysts have mixed opinions on Mondelez, with one sell rating, six hold ratings, and thirteen buy ratings, reflecting a consensus of "Moderate Buy" with an average price target of $70.72.
• Mondelez announced a quarterly dividend of $0.47 per share, amounting to an annual yield of 2.66%, and a payout ratio of 69.89%.

TD Asset Management Inc trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 10.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 835,203 shares of the company's stock after selling 94,916 shares during the quarter. TD Asset Management Inc owned 0.06% of Mondelez International worth $56,669,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MDLZ. Brighton Jones LLC raised its stake in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock valued at $874,000 after purchasing an additional 7,025 shares in the last quarter. Bank Pictet & Cie Europe AG raised its stake in shares of Mondelez International by 1.1% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock valued at $20,009,000 after purchasing an additional 3,706 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of Mondelez International in the fourth quarter valued at $213,000. New Age Alpha Advisors LLC raised its stake in shares of Mondelez International by 18,702.9% in the fourth quarter. New Age Alpha Advisors LLC now owns 45,503 shares of the company's stock valued at $2,718,000 after purchasing an additional 45,261 shares in the last quarter. Finally, Allstate Corp acquired a new position in shares of Mondelez International in the fourth quarter valued at $2,379,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

MDLZ has been the topic of a number of analyst reports. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and upped their price target for the company from $66.00 to $68.00 in a research report on Thursday, April 24th. UBS Group upped their price target on Mondelez International from $69.00 to $72.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research report on Monday, April 28th. Stifel Nicolaus upped their price target on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, April 30th. Finally, Piper Sandler upped their price target on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Mondelez International currently has a consensus rating of "Moderate Buy" and an average price target of $70.72.

Mondelez International Price Performance

Shares of MDLZ stock opened at $70.58 on Monday. The stock's fifty day moving average is $67.64 and its 200-day moving average is $65.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. The stock has a market capitalization of $91.39 billion, a PE ratio of 26.24, a PEG ratio of 5.31 and a beta of 0.48. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.37 billion. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm's quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 earnings per share. Equities research analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 14th. Investors of record on Monday, June 30th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.66%. The ex-dividend date was Monday, June 30th. Mondelez International's dividend payout ratio is 69.89%.

About Mondelez International

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.

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