TD Waterhouse Canada Inc. Grows Position in Mondelez International, Inc. $MDLZ

TD Waterhouse Canada Inc. grew its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 7.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 350,553 shares of the company’s stock after acquiring 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 Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of MDLZ. Brighton Jones LLC grew its holdings in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after purchasing an additional 7,025 shares in the last quarter. United Bank raised its stake in Mondelez International by 13.2% during the second quarter. United Bank now owns 26,263 shares of the company’s stock valued at $1,771,000 after purchasing an additional 3,070 shares in the last quarter. Sei Investments Co. raised its stake in Mondelez International by 15.1% during the second quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock valued at $36,924,000 after purchasing an additional 71,667 shares in the last quarter. Osterweis Capital Management Inc. raised its stake in Mondelez International by 4,470.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock valued at $92,000 after purchasing an additional 1,341 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its position in Mondelez International by 144.9% during the second quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock valued at $532,000 after purchasing an additional 4,668 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Price Performance

Mondelez International stock opened at $63.53 on Friday. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65. The company has a current ratio of 0.60, a quick ratio of 0.40 and a debt-to-equity ratio of 0.62. The firm has a 50-day moving average price of $61.14 and a 200-day moving average price of $59.90. The firm has a market capitalization of $81.08 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 2.53 and a beta of 0.38.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results 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 company had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. During the same period in the prior year, the firm posted $0.73 EPS. The firm’s revenue 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. As a group, equities research analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. Mondelez International’s dividend payout ratio is currently 73.53%.

Analyst Upgrades and Downgrades

MDLZ has been the subject of a number of recent research reports. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. BNP Paribas Exane upped their target price on shares of Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Freedom Capital lowered Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. boosted their price objective on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. One 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 company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $67.30.

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.