TD Private Client Wealth LLC Increases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

TD Private Client Wealth LLC lifted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 14.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,585 shares of the company’s stock after buying an additional 2,051 shares during the quarter. TD Private Client Wealth LLC’s holdings in Mondelez International were worth $1,222,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Fiduciary Financial Group LLC acquired a new position in shares of Mondelez International in the second quarter worth $228,000. TCW Group Inc. raised its stake in Mondelez International by 43.2% in the 2nd quarter. TCW Group Inc. now owns 97,340 shares of the company’s stock valued at $6,370,000 after purchasing an additional 29,374 shares during the last quarter. Boomfish Wealth Group LLC lifted its holdings in Mondelez International by 7.3% in the 2nd quarter. Boomfish Wealth Group LLC now owns 18,100 shares of the company’s stock valued at $1,184,000 after purchasing an additional 1,229 shares in the last quarter. KFG Wealth Management LLC boosted its stake in shares of Mondelez International by 14.1% during the 2nd quarter. KFG Wealth Management LLC now owns 3,735 shares of the company’s stock worth $244,000 after purchasing an additional 461 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. grew its holdings in shares of Mondelez International by 5.4% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 15,987 shares of the company’s stock worth $1,046,000 after buying an additional 823 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Price Performance

MDLZ opened at $61.93 on Friday. Mondelez International, Inc. has a 52-week low of $60.33 and a 52-week high of $77.20. The company has a 50 day moving average of $66.99 and a two-hundred day moving average of $68.63. The company has a market cap of $82.81 billion, a P/E ratio of 21.96, a P/E/G ratio of 2.85 and a beta of 0.53. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the previous year, the business posted $0.82 EPS. The business’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts expect that Mondelez International, Inc. will post 3.48 earnings per share for the current year.

Mondelez International declared that its board has authorized a share buyback program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to reacquire up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st will be paid a $0.47 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.04%. Mondelez International’s dividend payout ratio (DPR) is currently 66.67%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MDLZ. Piper Sandler upped their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Stifel Nicolaus increased their price target on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Citigroup lowered their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Bank of America increased their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Finally, Evercore ISI lifted their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $79.07.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.