Chesapeake Wealth Management Has $417,000 Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Chesapeake Wealth Management reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 17.5% in the 2nd quarter, Holdings Channel reports. The firm owned 6,370 shares of the company’s stock after selling 1,353 shares during the quarter. Chesapeake Wealth Management’s holdings in Mondelez International were worth $417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Ables Iannone Moore & Associates Inc. bought a new position in shares of Mondelez International during the 4th quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. acquired a new position in Mondelez International in the second quarter worth about $26,000. Lynx Investment Advisory bought a new position in Mondelez International during the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Mondelez International during the second quarter valued at approximately $29,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Down 0.7 %

Shares of NASDAQ:MDLZ opened at $74.28 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The stock has a market cap of $99.64 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 3.01 and a beta of 0.54. The company has a 50 day moving average of $70.66 and a 200-day moving average of $69.46. Mondelez International, Inc. has a one year low of $60.75 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 EPS. On average, sell-side analysts forecast that Mondelez International, Inc. will post 3.49 earnings per share for the current year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is currently 59.68%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Barclays lowered their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their price target on shares of Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Piper Sandler decreased their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a research note on Friday, August 9th. Finally, TD Cowen cut their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.61.

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.