AXQ Capital LP Has $1.61 Million Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

AXQ Capital LP increased its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 200.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,004 shares of the company’s stock after purchasing an additional 18,010 shares during the period. Mondelez International accounts for 0.7% of AXQ Capital LP’s portfolio, making the stock its 10th largest holding. AXQ Capital LP’s holdings in Mondelez International were worth $1,613,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of MDLZ. Truvestments Capital LLC bought a new position in Mondelez International in the 3rd quarter worth approximately $25,000. Marshall Investment Management LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at $26,000. Prospera Private Wealth LLC bought a new stake in shares of Mondelez International during the 3rd quarter valued at $27,000. Hager Investment Management Services LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at $27,000. Finally, Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International during the 4th quarter valued at $31,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Up 0.9 %

Mondelez International stock opened at $64.51 on Friday. The firm has a 50-day moving average of $61.35 and a 200-day moving average of $65.18. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The company has a market cap of $83.45 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a $0.47 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.91%. Mondelez International’s payout ratio is 54.97%.

Mondelez International announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent research reports. Royal Bank of Canada dropped their target price on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday, February 6th. The Goldman Sachs Group dropped their target price on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, February 6th. Barclays dropped their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 6th. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, DZ Bank lowered shares of 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $69.74.

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.