Mondelez International, Inc. $MDLZ Shares Sold by TD Asset Management Inc

TD Asset Management Inc trimmed its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 774,907 shares of the company’s stock after selling 19,744 shares during the quarter. TD Asset Management Inc owned approximately 0.06% of Mondelez International worth $48,408,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of MDLZ. Soundwatch Capital LLC acquired a new stake in Mondelez International during the 2nd quarter worth about $27,000. Richardson Financial Services Inc. raised its holdings in shares of Mondelez International by 141.0% during the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after acquiring an additional 282 shares during the period. Aspect Partners LLC lifted its position in shares of Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock valued at $32,000 after acquiring an additional 305 shares in the last quarter. Halbert Hargrove Global Advisors LLC boosted its stake in Mondelez International by 60.3% in the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after purchasing an additional 196 shares during the period. Finally, Traub Capital Management LLC acquired a new position in Mondelez International in the 2nd quarter worth approximately $37,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Trading Up 2.7%

Shares of NASDAQ:MDLZ opened at $61.58 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $78.94 billion, a PE ratio of 32.76, a P/E/G ratio of 2.50 and a beta of 0.38. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The firm has a fifty day moving average price of $57.62 and a 200 day moving average price of $58.93.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $10.50 billion for the quarter, compared to analyst estimates of $10.32 billion. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. 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 will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, March 31st. Mondelez International’s dividend payout ratio is 106.38%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MDLZ. JPMorgan Chase & Co. reduced their target price on Mondelez International from $69.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Zacks Research upgraded Mondelez International from a “strong sell” rating to a “hold” rating in a research report on Wednesday. Sanford C. Bernstein lowered their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 18th. Wall Street Zen upgraded Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, DA Davidson restated a “neutral” rating and set a $62.00 price target on shares of Mondelez International in a report on Wednesday, February 4th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $67.06.

Insider Transactions at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of Mondelez International stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $62.00, for a total value of $186,000.00. Following the transaction, the executive vice president directly owned 99,596 shares in the company, valued at approximately $6,174,952. The trade was a 2.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.41% of the stock is owned by company insiders.

About Mondelez International

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.