TD Private Client Wealth LLC Decreases Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

TD Private Client Wealth LLC lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 66.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,514 shares of the company's stock after selling 28,641 shares during the period. TD Private Client Wealth LLC's holdings in Mondelez International were worth $985,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Goodman Advisory Group LLC purchased a new stake in Mondelez International during the 1st quarter valued at about $26,000. Transce3nd LLC purchased a new stake in Mondelez International during the 4th quarter valued at $30,000. Orion Capital Management LLC purchased a new stake in shares of Mondelez International during the fourth quarter worth about $30,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of Mondelez International by 376.1% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares during the period. Finally, North Capital Inc. bought a new stake in shares of Mondelez International during the 1st quarter valued at about $31,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Performance

NASDAQ MDLZ traded up $0.30 during trading hours on Thursday, hitting $67.15. 7,359,378 shares of the company's stock traded hands, compared to its average volume of 8,101,922. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm has a market capitalization of $86.95 billion, a P/E ratio of 24.96, a P/E/G ratio of 5.29 and a beta of 0.48. The business's fifty day moving average price is $67.01 and its two-hundred day moving average price is $64.14.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during 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 business's quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 earnings per share. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.80%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on MDLZ. JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $64.00 to $74.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Royal Bank Of Canada reiterated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. Barclays upped their price target on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Morgan Stanley lifted their price objective on Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, April 30th. Finally, Evercore ISI boosted their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a report on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Mondelez International currently has an average rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Company Profile

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.