Mondelez International, Inc. $MDLZ Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 677,470 shares of the company’s stock after selling 23,570 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Mondelez International worth $42,322,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its holdings in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares during the last quarter. United Bank raised its holdings in Mondelez International by 13.2% during the second quarter. United Bank now owns 26,263 shares of the company’s stock valued at $1,771,000 after buying an additional 3,070 shares in the last quarter. Advisors Capital Management LLC raised its holdings in Mondelez International by 4.1% during the second quarter. Advisors Capital Management LLC now owns 14,278 shares of the company’s stock valued at $963,000 after buying an additional 566 shares in the last quarter. Foundations Investment Advisors LLC lifted its position in shares of Mondelez International by 666.0% in the second quarter. Foundations Investment Advisors LLC now owns 72,306 shares of the company’s stock worth $4,876,000 after buying an additional 62,866 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Mondelez International by 7.4% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 317,561 shares of the company’s stock worth $21,416,000 after buying an additional 21,748 shares during the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MDLZ. Morgan Stanley lowered their price objective on Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. Piper Sandler boosted their target price on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. TD Cowen lowered their price target on Mondelez International from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Thursday, January 8th. Finally, Stifel Nicolaus reduced their price objective on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, February 4th. Thirteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.

Insider Activity at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of Mondelez International stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the sale, the executive vice president owned 99,596 shares of the company’s stock, valued at approximately $6,174,952. This trade represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.41% of the company’s stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $54.89 on Monday. The firm’s 50-day moving average is $58.23 and its 200-day moving average is $58.54. The company has a market cap of $70.36 billion, a price-to-earnings ratio of 29.20, a PEG ratio of 2.29 and a beta of 0.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.39 and a current ratio of 0.59. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The business had revenue of $10.50 billion during the quarter, compared to analysts’ expectations of $10.32 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be given a $0.50 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. Mondelez International’s dividend payout ratio (DPR) is currently 106.38%.

About Mondelez International

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.