Mondelez International, Inc. $MDLZ Holdings Raised by TD Asset Management Inc

TD Asset Management Inc grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.5% in the fourth quarter, Holdings Channel.com reports. The fund owned 794,058 shares of the company’s stock after buying an additional 19,151 shares during the period. TD Asset Management Inc’s holdings in Mondelez International were worth $42,744,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new position in Mondelez International during the 3rd quarter worth $27,000. JPL Wealth Management LLC bought a new position in Mondelez International during the 3rd quarter worth $32,000. McIlrath & Eck LLC bought a new position in Mondelez International during the 4th quarter worth $30,000. High Point Wealth Management LLC bought a new position in Mondelez International during the 4th quarter worth $30,000. Finally, Navalign LLC bought a new position in Mondelez International during the 4th quarter worth $31,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Trading Up 1.7%

Shares of MDLZ stock opened at $62.04 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $71.15. The stock has a fifty day moving average of $59.64 and a two-hundred day moving average of $57.89. The firm has a market capitalization of $79.64 billion, a PE ratio of 30.87, a price-to-earnings-growth ratio of 2.43 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, research analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be given 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, June 30th. Mondelez International’s payout ratio is 99.50%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Rothschild & Co Redburn restated a “neutral” rating and set a $55.00 price objective (down from $71.00) on shares of Mondelez International in a research note on Wednesday, March 25th. BTIG Research assumed coverage on Mondelez International in a research note on Tuesday, April 14th. They set a “buy” rating and a $70.00 price objective for the company. Wells Fargo & Company upped their price objective on Mondelez International from $65.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. JPMorgan Chase & Co. upped their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, UBS Group upped their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.05.

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.