Manning & Napier Advisors LLC Sells 11,391 Shares of Mondelez International, Inc. $MDLZ

Manning & Napier Advisors LLC trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.9% during the fourth quarter, Holdings Channel.com reports. The firm owned 116,608 shares of the company’s stock after selling 11,391 shares during the period. Manning & Napier Advisors LLC’s holdings in Mondelez International were worth $6,391,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Oregon Public Employees Retirement Fund increased its stake in shares of Mondelez International by 32.2% in the 3rd quarter. Oregon Public Employees Retirement Fund now owns 147,913 shares of the company’s stock valued at $9,240,000 after buying an additional 36,037 shares during the period. Jones Financial Companies Lllp raised its position in shares of Mondelez International by 8.0% during the third quarter. Jones Financial Companies Lllp now owns 622,082 shares of the company’s stock worth $39,220,000 after acquiring an additional 46,182 shares during the last quarter. Nordea Investment Management AB lifted its stake in shares of Mondelez International by 5.9% during the third quarter. Nordea Investment Management AB now owns 2,283,101 shares of the company’s stock valued at $143,013,000 after acquiring an additional 128,147 shares during the period. Federated Hermes Inc. lifted its stake in shares of Mondelez International by 2,080.4% during the third quarter. Federated Hermes Inc. now owns 2,466,984 shares of the company’s stock valued at $154,112,000 after acquiring an additional 2,353,841 shares during the period. Finally, QRG Capital Management Inc. boosted its holdings in Mondelez International by 82.8% in the third quarter. QRG Capital Management Inc. now owns 175,702 shares of the company’s stock valued at $10,976,000 after acquiring an additional 79,598 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Insider Transactions at Mondelez International

In other Mondelez International news, EVP Gustavo Carlos Valle sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $62.00, for a total value of $186,000.00. Following the completion of the sale, the executive vice president owned 99,596 shares of the company’s stock, valued at approximately $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 3,064 shares of company stock worth $189,934 in the last ninety days. 0.45% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MDLZ. Piper Sandler 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, February 4th. Bank of America upped their target price on shares of Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Rothschild & Co Redburn reiterated a “neutral” rating and set a $55.00 price target (down from $71.00) on shares of Mondelez International in a research report on Wednesday, March 25th. Barclays lifted their price target on shares of Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Finally, Wells Fargo & Company increased their price objective on shares of Mondelez International from $65.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Trading Up 0.3%

NASDAQ MDLZ opened at $61.52 on Friday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The stock has a 50-day simple moving average of $58.04 and a 200 day simple moving average of $57.44. The company has a current ratio of 0.54, a quick ratio of 0.37 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $78.86 billion, a PE ratio of 30.61, a P/E/G ratio of 2.41 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 28th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The firm had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a return on equity of 14.14% and a net margin of 6.64%.The company’s revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. Research analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 14th. Investors of record on Tuesday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.

About Mondelez International

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.