3Chopt Investment Partners LLC Has $839,000 Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

3Chopt Investment Partners LLC reduced its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,743 shares of the company’s stock after selling 444 shares during the quarter. 3Chopt Investment Partners LLC’s holdings in Mondelez International were worth $839,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in MDLZ. Vanguard Group Inc. raised its stake in Mondelez International by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 130,765,846 shares of the company’s stock worth $9,153,609,000 after buying an additional 6,696,897 shares during the period. Capital Research Global Investors raised its stake in Mondelez International by 26.9% during the 4th quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock worth $2,193,977,000 after buying an additional 6,426,928 shares during the period. Massachusetts Financial Services Co. MA raised its stake in Mondelez International by 40.2% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock worth $1,094,557,000 after buying an additional 4,794,746 shares during the period. First Trust Advisors LP raised its stake in Mondelez International by 152.3% during the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock worth $298,019,000 after buying an additional 2,483,972 shares during the period. Finally, Wulff Hansen & CO. raised its stake in Mondelez International by 6,311.0% during the 2nd quarter. Wulff Hansen & CO. now owns 1,750,847 shares of the company’s stock worth $114,575,000 after buying an additional 1,723,537 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Down 0.7 %

Shares of MDLZ stock opened at $73.67 on Tuesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. Mondelez International, Inc. has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a market capitalization of $98.82 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The business’s fifty day moving average is $71.61 and its 200 day moving average is $69.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter last year, the business posted $0.76 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be given a dividend of $0.47 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.55%. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Evercore ISI increased their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, September 26th. Barclays lowered their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, July 19th. Stifel Nicolaus decreased their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Finally, Piper Sandler decreased their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.65.

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.