Toronto Dominion Bank Sells 1,517,330 Shares of Mondelez International Inc (NASDAQ:MDLZ)

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Toronto Dominion Bank reduced its position in Mondelez International Inc (NASDAQ:MDLZ) by 98.1% in the 2nd quarter, Holdings Channel reports. The firm owned 29,385 shares of the company’s stock after selling 1,517,330 shares during the quarter. Toronto Dominion Bank’s holdings in Mondelez International were worth $53,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. increased its stake in shares of Mondelez International by 2.2% in the first quarter. BlackRock Inc. now owns 95,705,964 shares of the company’s stock valued at $4,792,956,000 after buying an additional 2,041,195 shares in the last quarter. State Street Corp increased its stake in shares of Mondelez International by 1.4% in the first quarter. State Street Corp now owns 68,246,977 shares of the company’s stock valued at $3,437,116,000 after buying an additional 961,864 shares in the last quarter. Capital International Investors increased its stake in shares of Mondelez International by 10.6% in the first quarter. Capital International Investors now owns 26,208,513 shares of the company’s stock valued at $1,312,522,000 after buying an additional 2,503,118 shares in the last quarter. Capital World Investors increased its stake in shares of Mondelez International by 9.1% in the first quarter. Capital World Investors now owns 22,190,345 shares of the company’s stock valued at $1,111,292,000 after buying an additional 1,857,800 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Mondelez International by 0.7% in the first quarter. Geode Capital Management LLC now owns 21,081,166 shares of the company’s stock valued at $1,053,559,000 after buying an additional 144,707 shares in the last quarter. 75.27% of the stock is owned by institutional investors.

In other news, Director Peter W. May sold 482,778 shares of Mondelez International stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $55.61, for a total transaction of $26,847,284.58. Following the transaction, the director now owns 12,727 shares in the company, valued at approximately $707,748.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter W. May sold 233,136 shares of Mondelez International stock in a transaction dated Thursday, August 6th. The shares were sold at an average price of $55.50, for a total value of $12,939,048.00. Following the transaction, the director now owns 12,727 shares in the company, valued at approximately $706,348.50. The disclosure for this sale can be found here. Insiders have sold a total of 2,876,741 shares of company stock worth $160,211,881 in the last quarter. 1.30% of the stock is currently owned by company insiders.

MDLZ traded up $0.37 during midday trading on Thursday, reaching $57.13. 275,357 shares of the company were exchanged, compared to its average volume of 5,603,734. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.36 and a current ratio of 0.55. Mondelez International Inc has a one year low of $41.19 and a one year high of $59.96. The stock has a market capitalization of $81.80 billion, a P/E ratio of 24.06, a PEG ratio of 3.30 and a beta of 0.62. The stock’s 50-day simple moving average is $53.86 and its 200 day simple moving average is $52.88.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.07. Mondelez International had a return on equity of 14.02% and a net margin of 13.31%. The business had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.92 billion. During the same quarter in the previous year, the business posted $0.57 EPS. Mondelez International’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, research analysts anticipate that Mondelez International Inc will post 2.61 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Tuesday, September 29th. This is a boost from Mondelez International’s previous quarterly dividend of $0.29. Mondelez International’s payout ratio is 46.15%.

MDLZ has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Mondelez International from $61.00 to $62.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Deutsche Bank upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Thursday, July 16th. Jefferies Financial Group lifted their price objective on Mondelez International from $60.00 to $64.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. BidaskClub upgraded Mondelez International from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, UBS Group lifted their price objective on Mondelez International from $60.00 to $62.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $62.24.

About Mondelez International

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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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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