Chevy Chase Trust Holdings LLC Sells 23,570 Shares of Mondelez International, Inc. $MDLZ

Chevy Chase Trust Holdings LLC decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 677,470 shares of the company’s stock after selling 23,570 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in Mondelez International were worth $42,322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Soundwatch Capital LLC acquired a new stake in shares of Mondelez International during the 2nd quarter valued at about $27,000. Richardson Financial Services Inc. raised its position in Mondelez International by 141.0% in the third quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 282 shares in the last quarter. Halbert Hargrove Global Advisors LLC raised its position in Mondelez International by 60.3% in the third quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock worth $33,000 after purchasing an additional 196 shares in the last quarter. Traub Capital Management LLC bought a new position in Mondelez International during the second quarter worth about $37,000. Finally, GGM Financials LLC bought a new position in Mondelez International during the third quarter worth about $41,000. 78.32% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price objective on Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Argus upgraded Mondelez International to a “hold” rating in a research report on Thursday, February 12th. UBS Group decreased their price target on Mondelez International from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Morgan Stanley lowered their price target on Mondelez International from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Thursday, December 11th. Finally, Piper Sandler increased their price objective on Mondelez International from $62.00 to $64.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Thirteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $67.06.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $54.89 on Monday. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $71.15. The company has a 50 day moving average of $58.23 and a 200-day moving average of $58.54. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. The firm 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.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 3rd. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $10.50 billion for the quarter, compared to the consensus estimate of $10.32 billion. Mondelez International had a return on equity of 14.53% and a net margin of 6.36%.Mondelez International’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, equities analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

Insider Buying and Selling

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the stock in a transaction 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 in the company, valued at approximately $6,174,952. This represents a 2.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.41% of the company’s stock.

Mondelez International 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.