Bank of Nova Scotia Has $16.88 Million Stake in Mondelez International, Inc. $MDLZ

Bank of Nova Scotia lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 22.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 292,842 shares of the company’s stock after purchasing an additional 54,069 shares during the quarter. Bank of Nova Scotia’s holdings in Mondelez International were worth $16,879,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC increased its stake in Mondelez International by 35.5% during the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock worth $37,000 after acquiring an additional 169 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its position in shares of Mondelez International by 3.5% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock valued at $292,000 after acquiring an additional 173 shares during the period. Leo Wealth LLC grew its holdings in shares of Mondelez International by 2.4% during the 4th quarter. Leo Wealth LLC now owns 7,495 shares of the company’s stock worth $403,000 after purchasing an additional 176 shares in the last quarter. Granite Investment Partners LLC grew its holdings in shares of Mondelez International by 0.6% during the 1st quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock worth $1,688,000 after purchasing an additional 177 shares in the last quarter. Finally, Columbia Asset Management increased its position in shares of Mondelez International by 1.3% in the fourth quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock worth $746,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. BTIG Research began coverage on Mondelez International in a research note on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price target for the company. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research report on Monday, July 20th. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a research report on Monday, March 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $66.44.

Mondelez International Stock Up 0.8%

Shares of NASDAQ MDLZ opened at $60.52 on Friday. The company has a market cap of $77.69 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 2.51 and a beta of 0.39. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $70.61. The stock has a 50-day moving average price of $60.88 and a two-hundred day moving average price of $59.23.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period last year, the company posted $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, analysts forecast that Mondelez International, Inc. will post 3.04 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were given a $0.50 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is currently 99.50%.

Mondelez International Company 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.