IQ EQ FUND MANAGEMENT IRELAND Ltd Grows Holdings in Mondelez International, Inc. $MDLZ

by · The Cerbat Gem

IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 29.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 167,050 shares of the company’s stock after acquiring an additional 38,184 shares during the quarter. Mondelez International accounts for 1.0% of IQ EQ FUND MANAGEMENT IRELAND Ltd’s investment portfolio, making the stock its 22nd largest position. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in Mondelez International were worth $11,266,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in MDLZ. Brighton Jones LLC boosted its position in shares of Mondelez International by 92.4% during the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock worth $874,000 after buying an additional 7,025 shares during the period. GAMMA Investing LLC lifted its stake in Mondelez International by 21.1% during the 1st quarter. GAMMA Investing LLC now owns 18,316 shares of the company’s stock worth $1,243,000 after acquiring an additional 3,193 shares in the last quarter. Naviter Wealth LLC purchased a new position in Mondelez International during the 1st quarter valued at about $211,000. Verity Asset Management Inc. grew its position in Mondelez International by 113.9% in the 1st quarter. Verity Asset Management Inc. now owns 16,016 shares of the company’s stock valued at $1,087,000 after acquiring an additional 8,530 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its stake in Mondelez International by 10.4% during the first quarter. Ameritas Advisory Services LLC now owns 5,413 shares of the company’s stock worth $345,000 after purchasing an additional 510 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $61.66 on Tuesday. The company has a market cap of $79.78 billion, a P/E ratio of 22.59, a PEG ratio of 5.44 and a beta of 0.45. The firm has a fifty day moving average price of $62.21 and a 200 day moving average price of $65.08. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The company had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. Sell-side analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently commented on MDLZ. Evercore ISI lowered their price objective on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. UBS Group decreased their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Morgan Stanley dropped their price target on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating for the company in a research note on Monday, October 6th. Jefferies Financial Group upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their price objective for the company from $66.00 to $78.00 in a research note on Thursday, July 17th. Finally, Sanford C. Bernstein lifted their target price on Mondelez International from $79.00 to $88.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Twelve equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.22.

Check Out Our Latest Report on MDLZ

About Mondelez International

(Free Report)

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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