Mondelez International, Inc. $MDLZ Shares Sold by NORTHSTAR ASSET MANAGEMENT Co

NORTHSTAR ASSET MANAGEMENT Co trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,660 shares of the company’s stock after selling 350 shares during the period. NORTHSTAR ASSET MANAGEMENT Co’s holdings in Mondelez International were worth $2,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. PKO Investment Management Joint Stock Co acquired a new stake in shares of Mondelez International during the 2nd quarter valued at approximately $3,170,000. Sage Mountain Advisors LLC increased its position in Mondelez International by 53.7% in the second quarter. Sage Mountain Advisors LLC now owns 5,795 shares of the company’s stock worth $391,000 after buying an additional 2,024 shares during the period. Washington Trust Advisors Inc. increased its position in Mondelez International by 10.3% in the second quarter. Washington Trust Advisors Inc. now owns 4,706 shares of the company’s stock worth $317,000 after buying an additional 438 shares during the period. West Michigan Advisors LLC increased its position in Mondelez International by 3.4% in the second quarter. West Michigan Advisors LLC now owns 5,445 shares of the company’s stock worth $370,000 after buying an additional 180 shares during the period. Finally, Catalyst Capital Advisors LLC grew its stake in shares of Mondelez International by 289.0% in the second quarter. Catalyst Capital Advisors LLC now owns 3,972 shares of the company’s stock worth $268,000 after purchasing an additional 2,951 shares in the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays raised their target price on Mondelez International from $74.00 to $77.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Sanford C. Bernstein increased their price objective on Mondelez International from $79.00 to $88.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. Evercore ISI reduced their price objective on Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Finally, Dbs Bank raised Mondelez International from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 1st. Twelve equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $70.22.

Mondelez International Trading Down 0.4%

NASDAQ MDLZ opened at $60.77 on Friday. The stock has a 50-day simple moving average of $62.22 and a 200 day simple moving average of $65.11. The company has a market capitalization of $78.63 billion, a PE ratio of 22.26, a P/E/G ratio of 5.46 and a beta of 0.45. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a 12 month low of $53.95 and a 12 month high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The company had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. Research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.47. Mondelez International’s dividend payout ratio is 73.26%.

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.