Covea Finance Raises Stake in Mondelez International, Inc. $MDLZ

Covea Finance boosted its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 192,420 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Covea Finance’s holdings in Mondelez International were worth $12,020,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC boosted its stake in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after acquiring an additional 7,025 shares in the last quarter. Transamerica Financial Advisors LLC lifted its holdings in shares of Mondelez International by 2.9% in the 1st quarter. Transamerica Financial Advisors LLC now owns 18,622 shares of the company’s stock valued at $1,264,000 after purchasing an additional 530 shares during the last quarter. B. Metzler seel. Sohn & Co. AG boosted its position in shares of Mondelez International by 11.0% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 110,043 shares of the company’s stock valued at $7,466,000 after purchasing an additional 10,909 shares during the period. Itau Unibanco Holding S.A. grew its stake in Mondelez International by 119.2% during the 1st quarter. Itau Unibanco Holding S.A. now owns 2,381 shares of the company’s stock worth $162,000 after buying an additional 1,295 shares during the last quarter. Finally, WPG Advisers LLC acquired a new position in Mondelez International during the first quarter worth approximately $70,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MDLZ has been the subject of several research analyst reports. Mizuho decreased their price objective on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a report on Tuesday, October 28th. Berenberg Bank downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target for the company. in a research report on Thursday, October 2nd. Sanford C. Bernstein lowered their price objective on shares of Mondelez International from $85.00 to $84.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Finally, Barclays decreased their target price on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Fourteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $67.58.

Mondelez International Stock Up 0.9%

Shares of NASDAQ:MDLZ opened at $54.63 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.13 and a fifty-two week high of $71.15. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The firm’s 50-day simple moving average is $56.70 and its 200-day simple moving average is $61.90. The company has a market cap of $70.49 billion, a price-to-earnings ratio of 20.46 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm had revenue of $7.30 billion during the quarter. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 14th. Stockholders of record on Wednesday, December 31st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is currently 74.91%.

Mondelez International Company Profile

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.