Northern Trust Corp Has $970.79 Million Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Northern Trust Corp raised its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 6.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,252,906 shares of the company's stock after buying an additional 1,035,184 shares during the quarter. Northern Trust Corp owned about 1.22% of Mondelez International worth $970,786,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in MDLZ. Vanguard Group Inc. lifted its holdings in shares of Mondelez International by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after purchasing an additional 931,776 shares during the last quarter. Capital Research Global Investors lifted its stake in Mondelez International by 13.9% in the 4th quarter. Capital Research Global Investors now owns 37,529,511 shares of the company's stock worth $2,241,637,000 after purchasing an additional 4,572,555 shares in the last quarter. Geode Capital Management LLC increased its stake in Mondelez International by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 28,913,478 shares of the company's stock worth $1,721,954,000 after acquiring an additional 708,523 shares during the last quarter. Norges Bank bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $1,118,755,000. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of Mondelez International by 1.2% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 17,423,363 shares of the company's stock valued at $1,040,697,000 after acquiring an additional 208,181 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Mondelez International stock traded down $0.12 during midday trading on Friday, reaching $67.75. 7,395,023 shares of the stock traded hands, compared to its average volume of 7,919,560. 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 market cap of $87.64 billion, a price-to-earnings ratio of 19.81, a PEG ratio of 4.34 and a beta of 0.47. The firm has a fifty day moving average price of $66.10 and a two-hundred day moving average price of $63.75. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

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

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.77%. Mondelez International's dividend payout ratio (DPR) is currently 54.97%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on MDLZ shares. Mizuho boosted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the stock an "outperform" rating in a research note on Friday, February 14th. UBS Group upped their price target on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a research report on Thursday, April 17th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Barclays lifted their price target on Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and cut their price objective for the stock from $75.00 to $62.00 in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $70.55.

About Mondelez International

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.