Manning & Napier Advisors LLC Has $10.63 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Manning & Napier Advisors LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 38.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,732 shares of the company's stock after purchasing an additional 43,332 shares during the period. Manning & Napier Advisors LLC's holdings in Mondelez International were worth $10,634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Glass Jacobson Investment Advisors llc lifted its stake in Mondelez International by 6.7% during the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock worth $160,000 after purchasing an additional 168 shares during the period. Sound Income Strategies LLC raised its stake in shares of Mondelez International by 11.1% in the first quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after acquiring an additional 168 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Mondelez International by 1.8% in the fourth quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock valued at $627,000 after acquiring an additional 181 shares during the last quarter. 44 Wealth Management LLC raised its stake in shares of Mondelez International by 2.6% in the fourth quarter. 44 Wealth Management LLC now owns 7,645 shares of the company's stock valued at $457,000 after acquiring an additional 191 shares during the last quarter. Finally, Baker Avenue Asset Management LP raised its stake in shares of Mondelez International by 4.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock valued at $284,000 after acquiring an additional 193 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Barclays boosted their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Royal Bank Of Canada restated an "outperform" rating and issued a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. Wells Fargo & Company upgraded shares of Mondelez International from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $68.00 to $78.00 in a research report on Friday. Finally, Piper Sandler boosted their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Price Performance

MDLZ opened at $68.31 on Monday. The company has a fifty day moving average price of $66.66 and a two-hundred day moving average price of $63.56. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.40 and a current ratio of 0.61. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The firm has a market capitalization of $88.45 billion, a PE ratio of 25.39, a P/E/G ratio of 5.29 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The firm's revenue was up .2% on a year-over-year basis. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Monday, June 30th. Mondelez International's dividend payout ratio (DPR) is 69.89%.

Mondelez International Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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