Northstar Group Inc. Sells 1,200 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Northstar Group Inc. trimmed its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 5.4% during the fourth quarter, HoldingsChannel reports. The fund owned 20,852 shares of the company’s stock after selling 1,200 shares during the quarter. Northstar Group Inc.’s holdings in Mondelez International were worth $1,245,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $213,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Mondelez International by 7.2% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 180,279 shares of the company’s stock worth $10,768,000 after acquiring an additional 12,184 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Mondelez International by 0.6% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,465,809 shares of the company’s stock valued at $207,013,000 after acquiring an additional 20,085 shares during the last quarter. Strategic Financial Concepts LLC acquired a new stake in Mondelez International during the 4th quarter valued at approximately $1,682,000. Finally, Leo Wealth LLC raised its holdings in Mondelez International by 14.3% during the 4th quarter. Leo Wealth LLC now owns 9,548 shares of the company’s stock worth $570,000 after purchasing an additional 1,195 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. DZ Bank downgraded 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. Barclays dropped their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday. Wells Fargo & Company decreased their target price on Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a research note on Wednesday. Finally, Citigroup dropped their price target 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.72.

Mondelez International Price Performance

MDLZ opened at $58.45 on Friday. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The firm has a 50-day moving average of $59.47 and a 200 day moving average of $66.41. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm has a market cap of $78.16 billion, a P/E ratio of 20.73, a PEG ratio of 3.12 and a beta of 0.54.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. On average, research analysts expect that Mondelez International, Inc. will post 3.44 EPS for the current year.

Mondelez International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.22%. Mondelez International’s payout ratio is presently 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 repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

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.