TD Waterhouse Canada Inc. Raises Stake in Mondelez International, Inc. $MDLZ

TD Waterhouse Canada Inc. raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 350,553 shares of the company’s stock after purchasing an additional 24,115 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Mondelez International were worth $20,818,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Mondelez International during the fourth quarter worth about $1,010,020,000. Capital International Investors increased its position in Mondelez International by 10.7% in the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after acquiring an additional 8,382,270 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Mondelez International by 12.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after acquiring an additional 3,993,811 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Mondelez International by 72.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock worth $489,299,000 after acquiring an additional 3,803,776 shares during the period. Finally, Bank of Montreal Can lifted its position in Mondelez International by 190.3% during the 4th quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock worth $230,062,000 after acquiring an additional 2,801,689 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $61.28 on Friday. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $66.65. The stock has a market cap of $78.21 billion, a PE ratio of 22.53, a price-to-earnings-growth ratio of 2.40 and a beta of 0.39. The firm’s fifty day simple moving average is $61.53 and its 200-day simple moving average is $60.24.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The firm had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter last year, the business earned $0.73 earnings per share. The business’s revenue for the quarter was up 4.1% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Wednesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. Mondelez International’s payout ratio is 73.53%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on MDLZ. Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, June 26th. Barclays lifted their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Finally, JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $67.30.

Insider Activity at Mondelez International

In related news, CEO Dirk Van de Put sold 133,580 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value of $8,559,806.40. Following the sale, the chief executive officer owned 1,326,488 shares in the company, valued at $85,001,351.04. This represents a 9.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by company insiders.

Mondelez International Company 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.