Chevy Chase Trust Holdings LLC Sells 15,993 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Chevy Chase Trust Holdings LLC cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 725,241 shares of the company’s stock after selling 15,993 shares during the period. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Mondelez International worth $53,429,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mizuho Securities USA LLC boosted its holdings in Mondelez International by 12,057.4% during the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after acquiring an additional 12,470,573 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in Mondelez International by 40.2% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after purchasing an additional 4,794,746 shares during the period. FMR LLC boosted its holdings in Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock valued at $1,344,894,000 after purchasing an additional 2,268,639 shares during the period. Wulff Hansen & CO. grew its position in Mondelez International by 6,311.0% in the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after purchasing an additional 1,723,537 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in shares of Mondelez International by 231.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,804,722 shares of the company’s stock worth $118,101,000 after purchasing an additional 1,260,124 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MDLZ shares. Citigroup reduced their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Evercore ISI increased their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Redburn Atlantic began coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target for the company. The Goldman Sachs Group started coverage on shares of Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Finally, Bank of America increased their price target on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. One research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $79.93.

Mondelez International Price Performance

Mondelez International stock opened at $65.23 on Tuesday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $87.22 billion, a P/E ratio of 23.13, a PEG ratio of 2.93 and a beta of 0.53. The business has a 50-day moving average of $69.04 and a 200-day moving average of $69.10. Mondelez International, Inc. has a 1 year low of $63.40 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. The firm had revenue of $9.20 billion during the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.82 earnings per share. On average, equities analysts anticipate that Mondelez International, Inc. will post 3.48 EPS for the current year.

About Mondelez International

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.