Mondelez International, Inc. (NASDAQ:MDLZ) Position Increased by Ieq Capital LLC

Ieq Capital LLC raised its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 2.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 110,481 shares of the company’s stock after buying an additional 2,907 shares during the period. Ieq Capital LLC’s holdings in Mondelez International were worth $7,230,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Mondelez International in the fourth quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. purchased a new position in Mondelez International during the 2nd quarter worth approximately $26,000. Lynx Investment Advisory purchased a new position in Mondelez International during the 2nd quarter worth approximately $27,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Mondelez International during the 2nd quarter valued at $29,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Mondelez International in the fourth quarter valued at $34,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MDLZ. Wells Fargo & Company reduced their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a research note on Tuesday, June 4th. DA Davidson reduced their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Barclays lowered their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, July 19th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, TD Cowen decreased their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. One investment analyst has rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.61.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ opened at $74.28 on Friday. The business’s 50-day simple moving average is $70.66 and its 200-day simple moving average is $69.46. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The firm has a market cap of $99.64 billion, a price-to-earnings ratio of 23.58, a P/E/G ratio of 3.01 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same quarter last year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. As a group, equities research analysts expect that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.53%. The ex-dividend date is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Mondelez International Company 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.