Northstar Group Inc. Has $1.25 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Northstar Group Inc. lowered its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm 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 reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mizuho Securities USA LLC raised its stake in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares during the period. Ilex Capital Partners UK LLP bought a new position in shares of Mondelez International during the 3rd quarter valued at about $219,045,000. FMR LLC increased its stake in Mondelez International by 14.2% during the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares in the last quarter. Holocene Advisors LP acquired a new stake in Mondelez International during the 3rd quarter worth approximately $159,823,000. Finally, National Bank of Canada FI lifted its stake in Mondelez International by 173.7% in the third quarter. National Bank of Canada FI now owns 3,049,440 shares of the company’s stock valued at $224,652,000 after buying an additional 1,935,356 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MDLZ shares. Citigroup reduced their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their target price on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Royal Bank of Canada reduced their price target on Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a research report on Thursday. The Goldman Sachs Group lowered their price objective on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company reduced their target price on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $69.72.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $58.45 on Friday. The business has a fifty day moving average price of $59.47 and a two-hundred day moving average price of $66.41. The stock has a market capitalization of $78.16 billion, a PE ratio of 20.73, a P/E/G ratio of 3.12 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06.

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Investors of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a dividend yield of 3.22%. Mondelez International’s dividend payout ratio is currently 54.97%.

Mondelez International announced that its board has authorized a share repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.7% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Mondelez International 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.