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

Key Points

• Chevy Chase Trust Holdings LLC increased its stake in Mondelez International by 0.8% during the second quarter, holding approximately $47 million in shares by the end of the reporting period.
• Mondelez International raised its quarterly dividend from $0.47 to $0.50 per share, representing a 3.2% annual yield and a payout ratio of 73.26%.
• As of the latest reports, institutional investors own 78.32% of Mondelez International, indicating strong institutional support for the stock.

Chevy Chase Trust Holdings LLC boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 701,040 shares of the company's stock after buying an additional 5,472 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Mondelez International worth $47,278,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MDLZ. Price T Rowe Associates Inc. MD grew its position in shares of Mondelez International by 90.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company's stock valued at $1,968,811,000 after purchasing an additional 13,755,181 shares during the period. Nuveen LLC acquired a new stake in shares of Mondelez International in the first quarter valued at about $866,843,000. Goldman Sachs Group Inc. grew its position in shares of Mondelez International by 57.6% in the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company's stock valued at $640,964,000 after purchasing an additional 3,454,174 shares during the period. Natixis Advisors LLC grew its position in shares of Mondelez International by 148.6% in the first quarter. Natixis Advisors LLC now owns 2,970,513 shares of the company's stock valued at $201,549,000 after purchasing an additional 1,775,570 shares during the period. Finally, Brown Advisory Inc. grew its position in shares of Mondelez International by 659.9% in the first quarter. Brown Advisory Inc. now owns 1,503,137 shares of the company's stock valued at $101,988,000 after purchasing an additional 1,305,332 shares during the period. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Price Performance

Shares of MDLZ stock opened at $62.46 on Friday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.64 and a quick ratio of 0.39. The firm's 50-day moving average is $62.22 and its two-hundred day moving average is $65.26. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.82. The company has a market capitalization of $80.82 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 5.51 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $7.30 billion for the quarter. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend was Tuesday, September 30th. Mondelez International's payout ratio is presently 73.26%.

Analyst Ratings Changes

Several analysts have recently issued reports on MDLZ shares. Piper Sandler lifted their target price on shares of Mondelez International from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Evercore ISI dropped their target price on shares of Mondelez International from $73.00 to $72.00 and set an "outperform" rating on the stock in a research report on Friday, September 26th. JPMorgan Chase & Co. lowered their price target on shares of Mondelez International from $75.00 to $74.00 and set an "overweight" rating on the stock in a research report on Friday. Dbs Bank upgraded shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Finally, Wells Fargo & Company lowered their price target on shares of Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research report on Thursday, September 25th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $70.84.

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.

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