Choreo LLC Trims Mondelez International Stake

Institutional investor reduces position in snack food giant by over 20% in Q4

Apr. 13, 2026 at 8:08am

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A highly detailed, cinematic close-up image of heavy, industrial machinery and gears in shades of steel grey, bronze, and black, conveying the complex financial infrastructure and institutional power underlying the global snack food industry.An extreme close-up of the intricate machinery that powers the global snack food supply chain, hinting at the institutional forces shaping the industry.Chicago Today

Choreo LLC, an institutional investor, trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 21.4% during the fourth quarter, according to a recent SEC filing. The firm now owns 73,763 shares of the snack food company's stock, valued at $4.04 million.

Why it matters

Mondelez International is one of the world's largest snack food companies, owning iconic brands like Oreo, Ritz, and Trident. Tracking institutional investor activity in the stock can provide insights into broader market sentiment around the company and the broader consumer packaged goods industry.

The details

According to the 13F filing, Choreo LLC sold 20,053 shares of Mondelez International during the fourth quarter, reducing its total position by 21.4%. The firm now holds 73,763 shares of the company's stock, which were valued at $4.04 million at the end of the quarter.

  • Choreo LLC filed its 13F report for the fourth quarter of 2026 on April 13, 2026.

The players

Choreo LLC

An institutional investor that manages a portfolio of stocks, bonds, and other financial assets.

Mondelez International, Inc.

A global snack food company that owns popular brands like Oreo, Ritz, and Trident.

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The takeaway

The reduction in Choreo LLC's Mondelez International position suggests the firm may have a more cautious outlook on the snack food company's near-term prospects, though the stock remains a 'Moderate Buy' among Wall Street analysts.