Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Covea Finance

Covea Finance cut its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 38.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 165,220 shares of the company's stock after selling 104,550 shares during the quarter. Covea Finance's holdings in Mondelez International were worth $11,210,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in MDLZ. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $26,000. Transce3nd LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $30,000. Orion Capital Management LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $31,000. Finally, Coppell Advisory Solutions LLC lifted its position in Mondelez International by 66.7% during the 4th quarter. Coppell Advisory Solutions LLC now owns 540 shares of the company's stock worth $32,000 after acquiring an additional 216 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $68.31 on Friday. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a market capitalization of $88.45 billion, a P/E ratio of 25.39, a PEG ratio of 5.14 and a beta of 0.48. The business has a 50 day moving average price of $66.66 and a 200 day moving average price of $63.55. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 15.94% and a net margin of 9.90%. The firm had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. During the same period last year, the business posted $0.93 EPS. Mondelez International's quarterly revenue was up .2% on a year-over-year basis. Sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.75%. The ex-dividend date is Monday, June 30th. Mondelez International's payout ratio is currently 69.89%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MDLZ. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and increased their price objective for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Evercore ISI increased their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. Wells Fargo & Company raised Mondelez International from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $68.00 to $78.00 in a research report on Friday. Argus cut Mondelez International from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Stifel Nicolaus increased their price objective on Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $70.63.

Mondelez International 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.

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