IQ EQ FUND MANAGEMENT IRELAND Ltd Has $8.23 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

IQ EQ FUND MANAGEMENT IRELAND Ltd decreased its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 137,823 shares of the company’s stock after selling 284 shares during the quarter. Mondelez International accounts for approximately 1.0% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings, making the stock its 20th biggest holding. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Mondelez International were worth $8,232,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the third quarter worth approximately $25,000. Marshall Investment Management LLC acquired a new stake in Mondelez International during the 4th quarter valued at $26,000. Hager Investment Management Services LLC bought a new position in Mondelez International in the 4th quarter valued at $27,000. Kohmann Bosshard Financial Services LLC acquired a new position in Mondelez International in the fourth quarter worth $31,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Mondelez International during the fourth quarter worth $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Trading Up 2.5 %

Shares of NASDAQ MDLZ opened at $66.33 on Thursday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The stock has a market cap of $85.80 billion, a price-to-earnings ratio of 19.39, a P/E/G ratio of 4.34 and a beta of 0.50. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company’s fifty day moving average is $61.87 and its 200-day moving average is $64.92.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International declared that its board has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be paid a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.83%. Mondelez International’s payout ratio is 54.97%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MDLZ. DZ Bank cut Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a report on Friday, February 7th. Wells Fargo & Company dropped their target price on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. The Goldman Sachs Group reduced their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a research report on Thursday, February 6th. Mizuho raised their price target on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a report on Friday, February 14th. Finally, Stifel Nicolaus reduced their price objective on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.70.

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.