Toronto Dominion Bank Sells 8,148 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Toronto Dominion Bank lowered its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 1.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 736,111 shares of the company's stock after selling 8,148 shares during the quarter. Toronto Dominion Bank owned 0.06% of Mondelez International worth $54,229,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Truvestments Capital LLC acquired a new position in Mondelez International in the third quarter worth about $25,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at approximately $27,000. Richardson Financial Services Inc. raised its holdings in shares of Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company's stock worth $28,000 after buying an additional 200 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Mondelez International during the 2nd quarter worth approximately $29,000. Finally, Highline Wealth Partners LLC bought a new position in shares of Mondelez International during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Piper Sandler upped their price target on Mondelez International from $74.00 to $84.00 and gave the company an "overweight" rating in a research report on Wednesday, October 30th. Bank of America upped their target price on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a report on Tuesday, October 15th. Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a "buy" rating and a $82.00 target price for the company. Wells Fargo & Company reduced their price target on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research report on Thursday, December 5th. Finally, Evercore ISI upped their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an "outperform" rating in a research note 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, the company has an average rating of "Moderate Buy" and a consensus target price of $79.07.

Mondelez International Trading Down 0.8 %

NASDAQ MDLZ traded down $0.49 during trading hours on Thursday, hitting $62.63. The company's stock had a trading volume of 8,030,688 shares, compared to its average volume of 6,910,186. Mondelez International, Inc. has a twelve month low of $60.33 and a twelve month high of $77.20. The firm has a market capitalization of $83.75 billion, a P/E ratio of 22.38, a PEG ratio of 2.84 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. The stock has a fifty day moving average of $67.35 and a 200 day moving average of $68.72.

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

Mondelez International declared that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's management believes its shares are undervalued.

Mondelez International Company Profile

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.