Covea Finance Acquires 74,370 Shares of Mondelez International, Inc. $MDLZ

Covea Finance increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 38.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 266,790 shares of the company’s stock after acquiring an additional 74,370 shares during the quarter. Covea Finance’s holdings in Mondelez International were worth $14,361,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Soundwatch Capital LLC purchased a new stake in Mondelez International during the second quarter valued at about $27,000. KERR FINANCIAL PLANNING Corp purchased a new position in shares of Mondelez International in the third quarter worth about $27,000. Richardson Financial Services Inc. lifted its stake in shares of Mondelez International by 141.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock valued at $30,000 after acquiring an additional 282 shares during the last quarter. JPL Wealth Management LLC bought a new stake in shares of Mondelez International in the 3rd quarter valued at about $32,000. Finally, Halbert Hargrove Global Advisors LLC boosted its holdings in Mondelez International by 60.3% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 521 shares of the company’s stock valued at $33,000 after acquiring an additional 196 shares during the period. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on MDLZ shares. JPMorgan Chase & Co. reduced their price target on Mondelez International from $69.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 4th. Mizuho dropped their price objective on Mondelez International from $70.00 to $67.00 and set an “outperform” rating for the company in a research note on Thursday, January 8th. Wall Street Zen upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Stifel Nicolaus decreased their target price on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, February 4th. Finally, TD Cowen lowered their price target on shares of Mondelez International from $68.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, January 8th. Thirteen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.44.

Insider Buying and Selling at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $62.00, for a total value of $186,000.00. Following the completion of the transaction, the executive vice president owned 99,596 shares of the company’s stock, valued at approximately $6,174,952. This represents a 2.92% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.41% of the company’s stock.

Mondelez International Trading Down 0.5%

NASDAQ:MDLZ opened at $56.21 on Friday. The company has a 50-day moving average price of $58.57 and a 200-day moving average price of $58.42. The stock has a market cap of $72.05 billion, a price-to-earnings ratio of 29.90, a P/E/G ratio of 2.36 and a beta of 0.38. The company has a current ratio of 0.59, a quick ratio of 0.39 and a debt-to-equity ratio of 0.67. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. Mondelez International had a net margin of 6.36% and a return on equity of 14.53%. The company had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.32 billion. During the same quarter in the previous year, the company earned $0.65 earnings per share. Mondelez International’s quarterly revenue was up 9.3% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. Equities analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.6%. Mondelez International’s dividend payout ratio is 106.38%.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.