Northstar Group Inc. cut its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% during the fourth quarter, Holdings Channel reports. The firm owned 28,220 shares of the company’s stock after selling 263 shares during the period. Northstar Group Inc.’s holdings in Mondelez International were worth $1,251,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in MDLZ. Alpha Windward LLC raised its stake in Mondelez International by 0.4% in the third quarter. Alpha Windward LLC now owns 5,937 shares of the company’s stock valued at $261,000 after buying an additional 22 shares during the last quarter. Tarbox Group Inc. raised its stake in Mondelez International by 0.9% in the third quarter. Tarbox Group Inc. now owns 2,836 shares of the company’s stock valued at $125,000 after buying an additional 25 shares during the last quarter. K.J. Harrison & Partners Inc raised its stake in Mondelez International by 0.5% in the third quarter. K.J. Harrison & Partners Inc now owns 7,237 shares of the company’s stock valued at $318,000 after buying an additional 37 shares during the last quarter. Enterprise Financial Services Corp raised its stake in Mondelez International by 1.2% in the third quarter. Enterprise Financial Services Corp now owns 4,152 shares of the company’s stock valued at $182,000 after buying an additional 48 shares during the last quarter. Finally, Barrett Asset Management LLC raised its stake in Mondelez International by 0.9% in the third quarter. Barrett Asset Management LLC now owns 5,354 shares of the company’s stock valued at $235,000 after buying an additional 50 shares during the last quarter. 75.43% of the stock is owned by institutional investors.
Shares of Mondelez International, Inc. (NASDAQ:MDLZ) opened at 44.99 on Wednesday. Mondelez International, Inc. has a one year low of $39.15 and a one year high of $46.40. The stock has a market capitalization of $69.28 billion, a P/E ratio of 42.85 and a beta of 1.08. The company’s 50-day moving average is $44.66 and its 200-day moving average is $43.48.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, February 7th. The company reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.48 by $0.01. Mondelez International had a return on equity of 11.12% and a net margin of 6.40%. The firm earned $6.77 billion during the quarter, compared to analysts’ expectations of $6.86 billion. During the same quarter in the prior year, the firm earned $0.46 EPS. The firm’s revenue was down 8.1% compared to the same quarter last year. On average, equities research analysts anticipate that Mondelez International, Inc. will post $2.11 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Friday, March 31st will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, March 29th. This represents a $0.76 annualized dividend and a dividend yield of 1.69%. Mondelez International’s dividend payout ratio is presently 72.38%.
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MDLZ has been the subject of several analyst reports. Zacks Investment Research raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Wednesday, October 26th. RBC Capital Markets reissued an “outperform” rating and set a $54.00 price target on shares of Mondelez International in a research report on Wednesday, October 26th. Susquehanna Bancshares Inc reissued a “buy” rating and set a $55.00 price target on shares of Mondelez International in a research report on Wednesday, October 26th. Deutsche Bank AG reissued a “hold” rating and set a $46.00 price target on shares of Mondelez International in a research report on Thursday, November 10th. Finally, Berenberg Bank initiated coverage on shares of Mondelez International in a research report on Thursday, January 5th. They issued a “buy” rating and a $51.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Mondelez International presently has a consensus rating of “Buy” and an average price target of $48.59.
In related news, Director Charles E. Bunch bought 2,000 shares of the stock in a transaction dated Thursday, February 9th. The stock was acquired at an average price of $44.95 per share, for a total transaction of $89,900.00. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.90% of the stock is currently owned by insiders.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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