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

Manning & Napier Advisors LLC cut 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 & Exchange Commission. The fund owned 101,775 shares of the company’s stock after selling 14,833 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Mondelez International were worth $5,928,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in Mondelez International by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 130,283,829 shares of the company’s stock valued at $7,013,179,000 after buying an additional 1,646,213 shares during the last quarter. Capital International Investors grew its stake in shares of Mondelez International by 10.7% in the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after acquiring an additional 8,382,270 shares in the last quarter. State Street Corp grew its stake in shares of Mondelez International by 1.5% in the 4th quarter. State Street Corp now owns 61,217,193 shares of the company’s stock worth $3,325,625,000 after acquiring an additional 908,076 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Mondelez International by 12.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after purchasing an additional 3,993,811 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in shares of Mondelez International by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 29,298,651 shares of the company’s stock valued at $1,570,182,000 after purchasing an additional 108,179 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

MDLZ traded up $0.53 during trading on Friday, hitting $58.83. 6,428,266 shares of the company traded hands, compared to its average volume of 9,690,540. The firm has a market cap of $75.52 billion, a P/E ratio of 29.27, a price-to-earnings-growth ratio of 2.31 and a beta of 0.39. The stock’s fifty day moving average is $61.12 and its 200 day moving average is $58.82. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 EPS for the quarter, topping the consensus estimate of $0.61 by $0.06. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 earnings per share. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, equities analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.4%. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, March 30th. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. Barclays boosted their target price on Mondelez International from $67.00 to $68.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. UBS Group upped their target price on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. increased their price target on Mondelez International from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $67.05.

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.