Ieq Capital LLC Reduces Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Ieq Capital LLC lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 18.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,803 shares of the company’s stock after selling 22,177 shares during the quarter. Ieq Capital LLC’s holdings in Mondelez International were worth $5,961,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Truvestments Capital LLC acquired a new stake in Mondelez International in the 3rd quarter worth about $25,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International in the 3rd quarter worth about $27,000. Richardson Financial Services Inc. boosted its stake in Mondelez International by 100.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock worth $28,000 after buying an additional 200 shares during the last quarter. Hager Investment Management Services LLC acquired a new stake in Mondelez International in the 4th quarter worth about $27,000. Finally, Highline Wealth Partners LLC acquired a new stake in Mondelez International in the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

MDLZ stock opened at $64.70 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The stock’s 50 day moving average is $58.98 and its two-hundred day moving average is $65.91. The company has a market capitalization of $83.69 billion, a PE ratio of 18.92, a P/E/G ratio of 4.32 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) 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%. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International announced that its board has initiated a stock repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to repurchase up to 10.7% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.91%. Mondelez International’s dividend payout ratio is presently 54.97%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MDLZ. Royal Bank of Canada decreased their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Citigroup reduced their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $70.00 to $63.00 in a research note on Friday, January 31st. 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 research note on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $69.74.

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.