IQ EQ FUND MANAGEMENT IRELAND Ltd Buys 2,654 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

IQ EQ FUND MANAGEMENT IRELAND Ltd boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 2.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 138,107 shares of the company’s stock after purchasing an additional 2,654 shares during the quarter. Mondelez International comprises 1.1% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s portfolio, making the stock its 15th largest holding. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Mondelez International were worth $10,174,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MDLZ. Axiom Advisory LLC boosted its holdings in Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after acquiring an additional 143 shares during the last quarter. Cadence Bank lifted its holdings in shares of Mondelez International by 1.3% during the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock valued at $804,000 after purchasing an additional 148 shares in the last quarter. Evermay Wealth Management LLC grew its position in shares of Mondelez International by 2.6% in the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock valued at $409,000 after purchasing an additional 149 shares during the period. Sachetta LLC increased its stake in Mondelez International by 14.0% during the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock worth $81,000 after purchasing an additional 149 shares in the last quarter. Finally, Curbstone Financial Management Corp raised its holdings in Mondelez International by 2.4% during the 1st quarter. Curbstone Financial Management Corp now owns 6,520 shares of the company’s stock worth $456,000 after buying an additional 150 shares during the period. Institutional investors own 78.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MDLZ shares. Evercore ISI upped their price target on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. Piper Sandler dropped their target price on Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. The Goldman Sachs Group assumed coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price target for the company. JPMorgan Chase & Co. upped their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Finally, Barclays cut their price objective on Mondelez International from $80.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, July 19th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $78.65.

Mondelez International Stock Up 0.2 %

Shares of MDLZ opened at $71.91 on Thursday. The firm has a market cap of $96.46 billion, a P/E ratio of 22.83, a price-to-earnings-growth ratio of 2.87 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. Mondelez International, Inc. has a 52 week low of $62.42 and a 52 week high of $77.20. The firm’s 50-day simple moving average is $72.48 and its 200 day simple moving average is $69.58.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The company had revenue of $8.34 billion during the quarter, compared to analysts’ expectations of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.76 earnings per share. On average, analysts forecast that Mondelez International, Inc. will post 3.5 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 14th. Shareholders of record on Monday, September 30th were given a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend was Monday, September 30th. This represents a $1.88 annualized dividend and a yield of 2.61%. Mondelez International’s dividend payout ratio (DPR) is presently 59.68%.

About Mondelez International

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.