Chevy Chase Trust Holdings LLC Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Chevy Chase Trust Holdings LLC reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 709,634 shares of the company's stock after selling 15,607 shares during the quarter. Chevy Chase Trust Holdings LLC owned 0.05% of Mondelez International worth $42,386,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Hazlett Burt & Watson Inc. grew its stake in shares of Mondelez International by 16.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company's stock valued at $78,000 after purchasing an additional 150 shares during the last quarter. Canopy Partners LLC boosted its stake in shares of Mondelez International by 1.2% in the third quarter. Canopy Partners LLC now owns 13,335 shares of the company's stock valued at $982,000 after buying an additional 161 shares in the last quarter. Hardy Reed LLC boosted its stake in shares of Mondelez International by 1.4% in the third quarter. Hardy Reed LLC now owns 11,511 shares of the company's stock valued at $848,000 after buying an additional 161 shares in the last quarter. Interchange Capital Partners LLC boosted its stake in shares of Mondelez International by 4.9% in the third quarter. Interchange Capital Partners LLC now owns 3,490 shares of the company's stock valued at $257,000 after buying an additional 163 shares in the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its stake in shares of Mondelez International by 2.2% in the third quarter. Avidian Wealth Enterprises LLC now owns 7,641 shares of the company's stock valued at $563,000 after buying an additional 163 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on MDLZ shares. Redburn Atlantic started coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price target on the stock. Citigroup decreased their price target on Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Royal Bank of Canada decreased their price target on Mondelez International from $75.00 to $69.00 and set an "outperform" rating on the stock in a research note on Thursday, February 6th. Stifel Nicolaus decreased their price target on Mondelez International from $82.00 to $70.00 and set a "buy" rating on the stock in a research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of "Moderate Buy" and an average target price of $69.74.

Mondelez International Trading Up 1.3 %

Shares of NASDAQ:MDLZ traded up $0.78 during trading on Wednesday, reaching $61.96. The stock had a trading volume of 7,592,708 shares, compared to its average volume of 11,012,975. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The stock has a market cap of $80.14 billion, a P/E ratio of 18.12, a PEG ratio of 4.24 and a beta of 0.54. The business has a fifty day moving average price of $58.95 and a 200-day moving average price of $66.00. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. As a group, analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its Board of Directors has authorized a share repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio is presently 54.97%.

Mondelez International Company 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.