The Manufacturers Life Insurance Company Has $39.52 Million Stake in Mondelez International, Inc. $MDLZ

The Manufacturers Life Insurance Company reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 683,255 shares of the company’s stock after selling 116,922 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Mondelez International were worth $39,519,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its holdings in Mondelez International by 5,745.7% during the 2nd quarter. California State Teachers Retirement System now owns 118,967,163 shares of the company’s stock worth $6,881,061,000 after purchasing an additional 116,932,023 shares in the last quarter. Norges Bank bought a new stake in shares of Mondelez International in the fourth quarter valued at about $1,010,020,000. Capital International Investors boosted its position in shares of Mondelez International by 10.7% during the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock worth $4,681,024,000 after buying an additional 8,382,270 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Mondelez International by 12.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock worth $2,011,444,000 after buying an additional 3,993,811 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Mondelez International by 72.0% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock worth $489,299,000 after buying an additional 3,803,776 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Price Performance

NASDAQ:MDLZ opened at $62.44 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. The stock’s 50-day simple moving average is $61.75 and its 200 day simple moving average is $60.32. The company has a market cap of $79.69 billion, a P/E ratio of 22.96, a P/E/G ratio of 2.44 and a beta of 0.39. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $66.65.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The business had revenue of $9.36 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. Mondelez International’s revenue was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.52 per share. This is a positive change from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $2.08 annualized dividend and a dividend yield of 3.3%. Mondelez International’s payout ratio is presently 76.47%.

Insider Activity

In other news, CEO Dirk Van de Put sold 133,580 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value of $8,559,806.40. Following the completion of the sale, the chief executive officer owned 1,326,488 shares of the company’s stock, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.45% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MDLZ. Barclays lifted their target price on Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a “buy” rating and set a $73.00 price target on shares of Mondelez International in a research note on Wednesday, July 29th. Freedom Capital cut shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. BNP Paribas Exane lifted their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a report on Wednesday, July 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus target price of $67.30.

Mondelez International Company Profile

Mondelez International, Inc is a global snack-food company headquartered in Chicago, Illinois. The company develops, manufactures, markets and distributes branded snacks, including biscuits, cookies, crackers, chocolate, candy, baked snacks and powdered beverages.

Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, Cadbury, Milka, Toblerone, Sour Patch Kids, Trident and Clif Bar. Mondelez sells its products through grocery stores, convenience stores, mass merchandisers, e-commerce platforms and other retail channels.

Mondelez was established in 2012 following the separation of Kraft Foods’ global snacks business from its North American grocery operations.