Mondelez International, Inc. (NASDAQ:MDLZ) Shares Bought by Manning & Napier Advisors LLC

Manning & Napier Advisors LLC boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 74.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 113,400 shares of the company's stock after purchasing an additional 48,410 shares during the period. Manning & Napier Advisors LLC's holdings in Mondelez International were worth $6,773,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDLZ. Northwestern Mutual Wealth Management Co. boosted its position in shares of Mondelez International by 5.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 103,824 shares of the company's stock worth $6,794,000 after purchasing an additional 5,777 shares during the period. EP Wealth Advisors LLC increased its stake in Mondelez International by 9.0% in the 2nd quarter. EP Wealth Advisors LLC now owns 24,523 shares of the company's stock worth $1,605,000 after buying an additional 2,023 shares in the last quarter. Advisory Alpha LLC increased its stake in Mondelez International by 17.5% in the 2nd quarter. Advisory Alpha LLC now owns 7,000 shares of the company's stock worth $458,000 after buying an additional 1,045 shares in the last quarter. New Century Financial Group LLC bought a new stake in Mondelez International during the second quarter valued at about $267,000. Finally, Strategic Investment Solutions Inc. IL purchased a new position in shares of Mondelez International in the second quarter valued at about $252,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 1.8 %

Shares of Mondelez International stock traded up $1.05 during trading on Thursday, hitting $58.18. The stock had a trading volume of 3,232,490 shares, compared to its average volume of 10,011,534. The stock has a market cap of $77.80 billion, a PE ratio of 20.62, a PEG ratio of 2.96 and a beta of 0.54. Mondelez International, Inc. has a 12 month low of $55.97 and a 12 month high of $77.20. The firm's fifty day simple moving average is $60.34 and its 200-day simple moving average is $66.77. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.45 EPS for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International's dividend payout ratio (DPR) is presently 66.67%.

Mondelez International announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Piper Sandler decreased their target price on Mondelez International from $84.00 to $70.00 and set an "overweight" rating on the stock in a research note on Thursday, January 16th. UBS Group dropped their target price on shares of Mondelez International from $76.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their price target for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Bank of America boosted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company reaffirmed an "equal weight" rating and issued a $61.00 target price (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $73.18.

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.