Manning & Napier Advisors LLC Cuts Stock Holdings in Mondelez International, Inc. $MDLZ

Manning & Napier Advisors LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 51.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,999 shares of the company’s stock after selling 134,515 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Mondelez International were worth $8,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Brighton Jones LLC lifted its holdings in shares of Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after acquiring an additional 7,025 shares during the last quarter. Inspire Investing LLC purchased a new position in Mondelez International in the 1st quarter worth $312,000. Apella Capital LLC lifted its stake in Mondelez International by 965.5% in the second quarter. Apella Capital LLC now owns 42,526 shares of the company’s stock worth $2,927,000 after purchasing an additional 38,535 shares during the last quarter. RMR Wealth Builders lifted its stake in Mondelez International by 3.6% in the second quarter. RMR Wealth Builders now owns 5,079 shares of the company’s stock worth $343,000 after purchasing an additional 176 shares during the last quarter. Finally, Everpar Advisors LLC boosted its position in Mondelez International by 2.2% during the second quarter. Everpar Advisors LLC now owns 12,591 shares of the company’s stock valued at $849,000 after buying an additional 277 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on MDLZ. Mizuho decreased their price objective on Mondelez International from $70.00 to $67.00 and set an “outperform” rating on the stock in a report on Thursday, January 8th. Bank of America decreased their price target on Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Wells Fargo & Company lowered their price objective on Mondelez International from $72.00 to $62.00 and set an “overweight” rating for the company in a research report on Monday, January 5th. Barclays cut their target price on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating on the stock in a report on Thursday, October 30th. Finally, TD Cowen lowered their price target on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.26.

Mondelez International Stock Up 1.9%

Shares of NASDAQ MDLZ opened at $55.94 on Wednesday. The firm has a fifty day simple moving average of $55.21 and a two-hundred day simple moving average of $60.62. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The firm has a market capitalization of $72.18 billion, a PE ratio of 20.95 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.01). Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company had revenue of $9.74 billion for the quarter, compared to analysts’ expectations of $9.76 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. Mondelez International’s quarterly revenue was up 5.9% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 3.6%. Mondelez International’s dividend payout ratio is currently 74.91%.

Mondelez International Company 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.