Manning & Napier Advisors LLC Sells 14,833 Shares of Mondelez International, Inc. $MDLZ

Manning & Napier Advisors LLC decreased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 12.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 101,775 shares of the company’s stock after selling 14,833 shares during the period. Manning & Napier Advisors LLC’s holdings in Mondelez International were worth $5,928,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its position in shares of Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares during the period. United Bank raised its stake in Mondelez International by 13.2% during the second quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after buying an additional 3,070 shares during the last quarter. Sei Investments Co. lifted its holdings in Mondelez International by 15.1% in the second quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock valued at $36,924,000 after buying an additional 71,667 shares during the period. Osterweis Capital Management Inc. lifted its holdings in Mondelez International by 4,470.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock valued at $92,000 after buying an additional 1,341 shares during the period. Finally, Main Street Financial Solutions LLC boosted its position in Mondelez International by 144.9% during the second quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock valued at $532,000 after acquiring an additional 4,668 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on MDLZ shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Mondelez International in a report on Wednesday, April 22nd. Freedom Capital downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. UBS Group upped their target price on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research report on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft lowered their target price on Mondelez International from $60.00 to $54.00 and set a “hold” rating for the company in a report on Monday, March 30th. Finally, JPMorgan Chase & Co. boosted their price target on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $67.05.

Mondelez International Stock Up 0.9%

Mondelez International stock traded up $0.53 during mid-day trading on Friday, reaching $58.83. The stock had a trading volume of 6,428,266 shares, compared to its average volume of 9,690,540. The firm has a market capitalization of $75.52 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.39. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $71.15. The stock’s 50-day simple moving average is $61.12 and its 200-day simple moving average is $58.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. Mondelez International’s revenue for the quarter was up 8.2% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is 99.50%.

Mondelez International 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.