Manning & Napier Group LLC cut its holdings in Mondelez International Inc (NASDAQ:MDLZ) by 0.4% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 3,904,255 shares of the company’s stock after selling 17,167 shares during the period. Mondelez International accounts for 2.1% of Manning & Napier Group LLC’s investment portfolio, making the stock its 10th largest holding. Manning & Napier Group LLC’s holdings in Mondelez International were worth $194,899,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wellington Shields Capital Management LLC lifted its stake in Mondelez International by 79.2% in the 4th quarter. Wellington Shields Capital Management LLC now owns 56,259 shares of the company’s stock worth $2,252,000 after purchasing an additional 24,873 shares in the last quarter. National Pension Service lifted its stake in Mondelez International by 5.6% in the 4th quarter. National Pension Service now owns 1,439,587 shares of the company’s stock worth $68,121,000 after purchasing an additional 76,881 shares in the last quarter. Soros Fund Management LLC purchased a new stake in Mondelez International in the 3rd quarter worth approximately $23,271,000. Private Trust Co. NA lifted its stake in Mondelez International by 1.2% in the 4th quarter. Private Trust Co. NA now owns 30,426 shares of the company’s stock worth $1,217,000 after purchasing an additional 350 shares in the last quarter. Finally, First American Trust FSB lifted its stake in Mondelez International by 9.3% in the 1st quarter. First American Trust FSB now owns 125,481 shares of the company’s stock worth $6,264,000 after purchasing an additional 10,688 shares in the last quarter. 76.90% of the stock is owned by institutional investors.

Several analysts have issued reports on the stock. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research note on Friday, April 5th. ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. BidaskClub upgraded shares of Mondelez International from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 16th. Barclays reiterated a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a research note on Friday, February 1st. Finally, Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 target price on the stock. in a research note on Thursday, January 24th. One research analyst has rated the stock with a sell rating, four have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Mondelez International currently has a consensus rating of “Buy” and an average target price of $47.40.

In related news, EVP Maurizio Brusadelli sold 5,495 shares of Mondelez International stock in a transaction on Monday, February 25th. The shares were sold at an average price of $47.27, for a total value of $259,748.65. Following the transaction, the executive vice president now owns 78,523 shares in the company, valued at approximately $3,711,782.21. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Gerhard W. Pleuhs sold 29,340 shares of Mondelez International stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $47.72, for a total transaction of $1,400,104.80. Following the completion of the transaction, the executive vice president now owns 229,700 shares in the company, valued at approximately $10,961,284. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 72,127 shares of company stock worth $3,398,519. Corporate insiders own 1.50% of the company’s stock.

Shares of Mondelez International stock traded up $0.04 on Wednesday, hitting $49.64. 190,753 shares of the company traded hands, compared to its average volume of 7,731,686. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.30 and a current ratio of 0.45. The stock has a market cap of $71.83 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 2.63 and a beta of 0.90. Mondelez International Inc has a 12-month low of $37.42 and a 12-month high of $50.05.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, January 30th. The company reported $0.63 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. The firm had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.77 billion. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. The business’s quarterly revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company posted $0.57 EPS. On average, analysts predict that Mondelez International Inc will post 2.48 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, March 29th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Thursday, March 28th. Mondelez International’s dividend payout ratio (DPR) is currently 42.80%.

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Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

See Also: Mutual Funds

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Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

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