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

Covea Finance increased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 38.6% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 266,790 shares of the company’s stock after purchasing an additional 74,370 shares during the period. Covea Finance’s holdings in Mondelez International were worth $14,361,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Jamison Private Wealth Management Inc. lifted its holdings in shares of Mondelez International by 0.6% in the third quarter. Jamison Private Wealth Management Inc. now owns 28,989 shares of the company’s stock worth $1,811,000 after buying an additional 172 shares in the last quarter. Financial Perspectives Inc grew its stake in Mondelez International by 22.9% during the third quarter. Financial Perspectives Inc now owns 944 shares of the company’s stock valued at $59,000 after acquiring an additional 176 shares in the last quarter. Acorn Wealth Advisors LLC grew its stake in Mondelez International by 4.8% during the third quarter. Acorn Wealth Advisors LLC now owns 4,147 shares of the company’s stock valued at $259,000 after acquiring an additional 189 shares in the last quarter. Mccarter Private Wealth Services LLC increased its holdings in Mondelez International by 3.9% during the 3rd quarter. Mccarter Private Wealth Services LLC now owns 5,054 shares of the company’s stock worth $316,000 after acquiring an additional 190 shares during the period. Finally, 1620 Investment Advisors Inc. lifted its stake in Mondelez International by 1.6% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 12,232 shares of the company’s stock worth $764,000 after purchasing an additional 191 shares in the last quarter. Institutional investors own 78.32% of the company’s stock.

Insider Activity at Mondelez International

In other news, EVP Gustavo Carlos Valle sold 3,000 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $62.00, for a total transaction of $186,000.00. Following the transaction, the executive vice president directly owned 99,596 shares in the company, valued at approximately $6,174,952. This represents a 2.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.41% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $56.21 on Friday. The company’s fifty day moving average price is $58.57 and its 200-day moving average price is $58.42. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.59 and a quick ratio of 0.39. The firm has a market capitalization of $72.05 billion, a price-to-earnings ratio of 29.90, a PEG ratio of 2.36 and a beta of 0.38. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $10.32 billion. During the same period in the previous year, the firm posted $0.65 EPS. The firm’s revenue was up 9.3% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.070 EPS. On average, equities research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on MDLZ shares. DA Davidson reissued a “neutral” rating and issued a $62.00 price target on shares of Mondelez International in a report on Wednesday, February 4th. Bank of America decreased their price target on shares of Mondelez International from $69.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a research report on Friday, January 9th. Wall Street Zen raised Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, UBS Group reduced their target price on Mondelez International from $63.00 to $60.00 and set a “neutral” rating for the company in a research report on Wednesday, January 14th. Thirteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $67.44.

Mondelez International 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.