Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC lessened its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 695,568 shares of the company's stock after selling 14,066 shares during the quarter. Chevy Chase Trust Holdings LLC owned about 0.05% of Mondelez International worth $47,194,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. raised its stake in Mondelez International by 376.1% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 438 shares of the company's stock valued at $30,000 after buying an additional 346 shares during the last quarter. AssuredPartners Investment Advisors LLC increased its holdings in shares of Mondelez International by 8.4% during the first quarter. AssuredPartners Investment Advisors LLC now owns 8,889 shares of the company's stock valued at $603,000 after acquiring an additional 688 shares in the last quarter. Asset Management One Co. Ltd. raised its position in shares of Mondelez International by 2.0% in the 1st quarter. Asset Management One Co. Ltd. now owns 650,607 shares of the company's stock valued at $44,144,000 after purchasing an additional 12,576 shares during the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Mondelez International by 138.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 97,692 shares of the company's stock valued at $6,628,000 after purchasing an additional 56,641 shares during the last quarter. Finally, XML Financial LLC boosted its stake in Mondelez International by 3.1% in the 1st quarter. XML Financial LLC now owns 15,361 shares of the company's stock worth $1,042,000 after purchasing an additional 461 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Performance

Mondelez International stock traded down $1.15 during mid-day trading on Wednesday, hitting $67.28. The company had a trading volume of 5,383,653 shares, compared to its average volume of 8,042,631. The company has a market capitalization of $87.11 billion, a price-to-earnings ratio of 25.01, a P/E/G ratio of 5.30 and a beta of 0.48. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The company's fifty day moving average is $66.69 and its 200-day moving average is $63.63. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm's revenue was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.93 earnings per share. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.79%. Mondelez International's dividend payout ratio is currently 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of recent analyst reports. Evercore ISI upped their price target on shares of Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Mondelez International from $64.00 to $74.00 and gave the stock an "overweight" rating in a research note on Friday, April 11th. UBS Group upped their target price on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Stifel Nicolaus raised their target price on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research note on Wednesday, April 30th. Finally, Morgan Stanley lifted their price target on Mondelez International from $69.00 to $72.00 and gave the stock an "overweight" rating in a research report on Wednesday, April 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $70.63.

Mondelez International 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.