North Star Investment Management Corp. Trims Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

North Star Investment Management Corp. decreased its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 21.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,385 shares of the company's stock after selling 5,112 shares during the quarter. North Star Investment Management Corp.'s holdings in Mondelez International were worth $1,247,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Glass Jacobson Investment Advisors llc lifted its position in shares of Mondelez International by 6.7% in the fourth quarter. Glass Jacobson Investment Advisors llc now owns 2,681 shares of the company's stock valued at $160,000 after acquiring an additional 168 shares in the last quarter. Sound Income Strategies LLC grew its holdings in Mondelez International by 11.1% during the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after buying an additional 168 shares in the last quarter. First Horizon Advisors Inc. increased its stake in Mondelez International by 1.8% in the 4th quarter. First Horizon Advisors Inc. now owns 10,499 shares of the company's stock worth $627,000 after acquiring an additional 181 shares during the last quarter. 44 Wealth Management LLC raised its holdings in shares of Mondelez International by 2.6% during the 4th quarter. 44 Wealth Management LLC now owns 7,645 shares of the company's stock worth $457,000 after acquiring an additional 191 shares in the last quarter. Finally, Baker Avenue Asset Management LP grew its holdings in shares of Mondelez International by 4.2% in the fourth quarter. Baker Avenue Asset Management LP now owns 4,763 shares of the company's stock valued at $284,000 after purchasing an additional 193 shares in the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Trading Down 1.7%

Shares of MDLZ opened at $66.93 on Monday. The stock has a market cap of $86.66 billion, a price-to-earnings ratio of 19.57, a price-to-earnings-growth ratio of 4.34 and a beta of 0.48. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $66.56 and a 200-day simple moving average of $63.46. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS. Equities analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 annualized dividend and a yield of 2.81%. Mondelez International's dividend payout ratio is presently 69.89%.

Analysts Set New Price Targets

Several analysts recently weighed in on MDLZ shares. Argus lowered Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, February 21st. UBS Group increased their price objective on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Piper Sandler upped their target price on Mondelez International from $59.00 to $64.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Stifel Nicolaus boosted their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a report on Wednesday, April 30th. Finally, Evercore ISI increased their target price on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research note on Wednesday, April 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International presently has a consensus rating of "Moderate Buy" and an average price target of $70.11.

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.

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