Northstar Group Inc. Sells 200 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Northstar Group Inc. lowered its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 22,052 shares of the company’s stock after selling 200 shares during the quarter. Northstar Group Inc.’s holdings in Mondelez International were worth $1,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gotham Asset Management LLC lifted its holdings in Mondelez International by 10.4% in the 4th quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock worth $12,663,000 after buying an additional 16,450 shares during the period. GSA Capital Partners LLP purchased a new position in shares of Mondelez International in the 1st quarter valued at approximately $1,686,000. Alaska Permanent Fund Corp lifted its stake in shares of Mondelez International by 76.4% in the 1st quarter. Alaska Permanent Fund Corp now owns 63,202 shares of the company’s stock valued at $4,424,000 after purchasing an additional 27,370 shares during the period. GLOBALT Investments LLC GA purchased a new position in shares of Mondelez International in the 4th quarter valued at approximately $5,290,000. Finally, Duality Advisers LP purchased a new position in shares of Mondelez International in the 1st quarter valued at approximately $4,528,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Sanford C. Bernstein lowered their target price on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Piper Sandler lowered their price objective on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Stifel Nicolaus lowered their price objective on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research note on Tuesday, July 23rd. Finally, The Goldman Sachs Group initiated coverage on Mondelez International in a research note on Monday, August 12th. They set a “buy” rating and a $80.00 price objective for the company. One analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.41.

Mondelez International Stock Performance

Shares of MDLZ traded up $0.25 during trading hours on Thursday, hitting $71.30. The stock had a trading volume of 284,319 shares, compared to its average volume of 6,818,208. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International, Inc. has a 12 month low of $60.75 and a 12 month high of $77.20. The firm has a market capitalization of $95.64 billion, a PE ratio of 22.56, a PEG ratio of 3.02 and a beta of 0.54. The stock has a fifty day moving average price of $72.27 and a 200 day moving average price of $69.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The company had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. During the same quarter in the previous year, the company posted $0.76 earnings per share. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. Analysts anticipate that Mondelez International, Inc. will post 3.49 EPS for the current year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.47 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.64%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s payout ratio 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.