Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 860,298 shares of the company's stock after selling 30,862 shares during the quarter. The Manufacturers Life Insurance Company owned 0.06% of Mondelez International worth $51,386,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MDLZ. Diamant Asset Management Inc. grew its stake in Mondelez International by 27.6% during the third quarter. Diamant Asset Management Inc. now owns 3,978 shares of the company's stock valued at $293,000 after acquiring an additional 860 shares in the last quarter. Pine Valley Investments Ltd Liability Co increased its position in Mondelez International by 13.6% during the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 14,088 shares of the company's stock valued at $1,042,000 after purchasing an additional 1,686 shares during the period. Arvest Bank Trust Division bought a new stake in Mondelez International during the 3rd quarter valued at approximately $14,578,000. Wilmington Savings Fund Society FSB raised its holdings in Mondelez International by 489.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 104,764 shares of the company's stock worth $7,718,000 after purchasing an additional 86,981 shares in the last quarter. Finally, Tidal Investments LLC increased its stake in shares of Mondelez International by 6.5% during the third quarter. Tidal Investments LLC now owns 97,883 shares of the company's stock valued at $7,211,000 after purchasing an additional 5,944 shares in the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Down 0.2 %

Mondelez International stock traded down $0.12 during mid-day trading on Friday, reaching $67.75. 7,395,023 shares of the company were exchanged, compared to its average volume of 7,918,863. The firm has a market cap of $87.64 billion, a P/E ratio of 19.81, a PEG ratio of 4.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The business has a fifty day moving average of $66.14 and a 200 day moving average of $63.66.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The firm's revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. Research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were given a dividend of $0.47 per share. The ex-dividend date was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.77%. Mondelez International's payout ratio is 54.97%.

Analyst Upgrades and Downgrades

Several research firms recently commented on MDLZ. Barclays increased their price objective on Mondelez International from $71.00 to $74.00 and gave the company an "overweight" rating in a research report on Thursday. Piper Sandler lifted their price target on shares of Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Royal Bank of Canada restated an "outperform" rating and issued a $69.00 price target on shares of Mondelez International in a research note on Monday, April 28th. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, JPMorgan Chase & Co. lifted their price target on Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, Mondelez International has an average rating of "Moderate Buy" and an average target price of $70.55.

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.