Manning & Napier Advisors LLC Purchases New Shares in Mondelez International, Inc. $MDLZ

Manning & Napier Advisors LLC acquired a new position in Mondelez International, Inc. (NASDAQ:MDLZ) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 116,362 shares of the company’s stock, valued at approximately $6,999,000.

Other large investors also recently made changes to their positions in the company. OLD Republic International Corp raised its position in Mondelez International by 156.6% in the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock worth $22,291,000 after purchasing an additional 252,700 shares during the last quarter. Allstate Corp boosted its position in Mondelez International by 107.7% in the 4th quarter. Allstate Corp now owns 97,522 shares of the company’s stock valued at $5,250,000 after buying an additional 50,562 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Mondelez International by 41.0% in the 4th quarter. BNP Paribas Financial Markets now owns 4,006,627 shares of the company’s stock valued at $215,677,000 after buying an additional 1,166,036 shares during the period. PKO Investment Management Joint Stock Co increased its stake in shares of Mondelez International by 115.0% in the 4th quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock valued at $5,440,000 after buying an additional 54,066 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Mondelez International by 10.1% in the 1st quarter. First Trust Advisors LP now owns 1,131,640 shares of the company’s stock valued at $65,228,000 after buying an additional 103,778 shares during the period. Institutional investors own 78.32% of the company’s stock.

Insider Activity

In related news, CEO De Put Dirk Van sold 133,580 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40. Following the completion of the sale, the chief executive officer owned 1,326,488 shares in the company, valued at $85,001,351.04. This represents a 9.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is owned by company insiders.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $64.70 on Tuesday. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The stock has a market cap of $82.58 billion, a PE ratio of 23.79, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. The stock has a 50-day moving average of $61.28 and a 200-day moving average of $60.16. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $66.65.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. The business had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. Mondelez International’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.52 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Mondelez International’s payout ratio is 73.53%.

Analyst Ratings Changes

MDLZ has been the topic of several research reports. BNP Paribas Exane upped their price target on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. UBS Group lifted their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Barclays boosted their price objective on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. TD Cowen upped their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings raised shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.30.

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.