116,362 Shares in Mondelez International, Inc. $MDLZ Bought by Manning & Napier Advisors LLC

Key Points

• Manning & Napier Advisors purchased 116,362 Mondelez shares worth approximately $7 million in the second quarter. Institutional investors own 78.32% of the company.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $67.30. Mondelez recently exceeded quarterly earnings and revenue estimates.
• Mondelez raised its quarterly dividend from $0.50 to $0.52 per share, implying an annualized dividend of $2.08 and a 3.2% yield. CEO Dirk Van de Put separately sold 133,580 shares under a pre-arranged trading plan.

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

Other hedge funds also recently bought and sold shares of the company. Whipplewood Advisors LLC boosted its stake in Mondelez International by 35.5% during the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company's stock valued at $37,000 after purchasing an additional 169 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its holdings in shares of Mondelez International by 3.5% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company's stock worth $292,000 after buying an additional 173 shares during the last quarter. Granite Investment Partners LLC boosted its position in shares of Mondelez International by 0.6% in the first quarter. Granite Investment Partners LLC now owns 29,284 shares of the company's stock valued at $1,688,000 after acquiring an additional 177 shares during the period. Pine Valley Investments Ltd Liability Co boosted its position in shares of Mondelez International by 2.1% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company's stock valued at $515,000 after acquiring an additional 179 shares during the period. Finally, Commonwealth Retirement Investments LLC grew its stake in shares of Mondelez International by 0.9% in the fourth quarter. Commonwealth Retirement Investments LLC now owns 20,589 shares of the company's stock worth $1,108,000 after acquiring an additional 180 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research reports. Jefferies Financial Group reaffirmed a "buy" rating and set a $73.00 target price on shares of Mondelez International in a research report on Wednesday, July 29th. BNP Paribas Exane raised their price target on shares of Mondelez International from $68.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Morgan Stanley restated an "overweight" rating on shares of Mondelez International in a report on Friday, May 29th. Weiss Ratings raised shares of Mondelez International from a "hold (c-)" rating to a "hold (c)" rating in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. increased their target price on shares of Mondelez International from $70.00 to $72.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $67.30.

Insider Activity

In other news, CEO De Put Dirk Van sold 133,580 shares of the business'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 sale, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $85,001,351.04. The trade was a 9.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company's stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $64.70 on Tuesday. The firm has a market capitalization 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 company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $66.65. The firm has a 50-day moving average price of $61.28 and a 200 day moving average price of $60.16.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The company had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The company's revenue was up 4.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. Research analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.52 per share. This is an increase from Mondelez International's previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 3.2%. The ex-dividend date is Wednesday, September 30th. Mondelez International's dividend payout ratio is currently 73.53%.

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.

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