TD Asset Management Inc. trimmed its position in Mondelez International Inc (NASDAQ:MDLZ) by 10.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 891,460 shares of the company’s stock after selling 104,850 shares during the period. TD Asset Management Inc.’s holdings in Mondelez International were worth $48,050,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Ibex Wealth Advisors purchased a new stake in Mondelez International during the 2nd quarter worth approximately $26,000. Brand Asset Management Group Inc. increased its stake in Mondelez International by 1,367.6% during the 2nd quarter. Brand Asset Management Group Inc. now owns 499 shares of the company’s stock worth $27,000 after buying an additional 465 shares during the period. JNBA Financial Advisors increased its stake in Mondelez International by 66.0% during the 2nd quarter. JNBA Financial Advisors now owns 528 shares of the company’s stock worth $28,000 after buying an additional 210 shares during the period. Manchester Financial Inc. purchased a new stake in Mondelez International during the 2nd quarter worth approximately $30,000. Finally, Gemmer Asset Management LLC increased its stake in Mondelez International by 101.4% during the 1st quarter. Gemmer Asset Management LLC now owns 709 shares of the company’s stock worth $35,000 after buying an additional 357 shares during the period. Institutional investors own 76.06% of the company’s stock.
NASDAQ:MDLZ traded up $0.12 during trading hours on Thursday, reaching $53.32. 1,226,442 shares of the company’s stock were exchanged, compared to its average volume of 6,227,778. The firm has a market cap of $78.24 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.84 and a beta of 0.82. The company has a quick ratio of 0.29, a current ratio of 0.44 and a debt-to-equity ratio of 0.47. Mondelez International Inc has a 1-year low of $38.78 and a 1-year high of $55.85. The firm’s 50-day moving average is $54.55.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.285 per share. The ex-dividend date is Friday, September 27th. This represents a $1.14 dividend on an annualized basis and a yield of 2.14%. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. Mondelez International’s dividend payout ratio is presently 42.80%.
Several equities research analysts recently weighed in on the stock. Piper Jaffray Companies set a $62.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Stifel Nicolaus boosted their price target on shares of Mondelez International from $52.00 to $55.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Wells Fargo & Co boosted their price target on shares of Mondelez International from $60.00 to $65.00 and gave the stock a “positive” rating in a report on Tuesday, July 23rd. Citigroup set a $60.00 price target on shares of Mondelez International and gave the stock a “hold” rating in a report on Wednesday, July 31st. Finally, UBS Group set a $62.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Mondelez International presently has an average rating of “Buy” and an average target price of $57.50.
In other Mondelez International news, EVP Maurizio Brusadelli sold 39,882 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the completion of the transaction, the executive vice president now owns 85,388 shares in the company, valued at approximately $4,655,353.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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