TD Asset Management Inc Sells 19,744 Shares of Mondelez International, Inc. $MDLZ

TD Asset Management Inc reduced its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 774,907 shares of the company’s stock after selling 19,744 shares during the quarter. TD Asset Management Inc’s holdings in Mondelez International were worth $48,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in MDLZ. JPMorgan Chase & Co. grew its position in Mondelez International by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 69,588,126 shares of the company’s stock worth $4,347,170,000 after buying an additional 10,137,457 shares in the last quarter. State Street Corp lifted its position in shares of Mondelez International by 1.1% in the 2nd quarter. State Street Corp now owns 59,446,397 shares of the company’s stock worth $4,036,594,000 after acquiring an additional 670,634 shares during the period. Geode Capital Management LLC grew its holdings in shares of Mondelez International by 0.8% during the 2nd quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock worth $1,943,170,000 after purchasing an additional 242,695 shares in the last quarter. Norges Bank acquired a new stake in shares of Mondelez International during the 2nd quarter worth approximately $1,239,834,000. Finally, Invesco Ltd. increased its position in shares of Mondelez International by 10.7% during the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock valued at $936,894,000 after purchasing an additional 1,345,078 shares during the period. Institutional investors own 78.32% of the company’s stock.

Insider Activity at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $62.00, for a total value of $186,000.00. Following the completion of the sale, the executive vice president directly owned 99,596 shares in the company, valued at approximately $6,174,952. This trade represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.41% of the company’s stock.

Mondelez International Trading Up 2.7%

Shares of MDLZ stock opened at $61.58 on Friday. The company has a market capitalization of $78.94 billion, a P/E ratio of 32.76, a P/E/G ratio of 2.50 and a beta of 0.38. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $71.15. The company has a quick ratio of 0.39, a current ratio of 0.59 and a debt-to-equity ratio of 0.67. The firm has a 50-day moving average price of $57.62 and a 200 day moving average price of $58.93.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $10.50 billion during 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 revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the business posted $0.65 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Research analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s payout ratio is currently 106.38%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. DA Davidson reaffirmed a “neutral” rating and issued a $62.00 target price on shares of Mondelez International in a research report on Wednesday, February 4th. Zacks Research upgraded shares of Mondelez International from a “strong sell” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley decreased their target price on shares of Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $69.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, February 4th. Finally, Wall Street Zen upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Thirteen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $67.06.

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.