Mondelez International, Inc. (NASDAQ:MDLZ) Shares Sold by Arvest Trust Co. N A

Arvest Trust Co. N A trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 3.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 202,817 shares of the company’s stock after selling 8,226 shares during the quarter. Arvest Trust Co. N A’s holdings in Mondelez International were worth $13,272,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Foundations Investment Advisors LLC purchased a new stake in Mondelez International in the 4th quarter valued at about $244,000. Gladstone Institutional Advisory LLC raised its stake in shares of Mondelez International by 39.4% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 18,608 shares of the company’s stock valued at $1,348,000 after acquiring an additional 5,256 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Mondelez International by 1.1% in the 4th quarter. Coldstream Capital Management Inc. now owns 23,045 shares of the company’s stock worth $1,669,000 after acquiring an additional 250 shares during the last quarter. Thoroughbred Financial Services LLC lifted its holdings in shares of Mondelez International by 22.0% in the 4th quarter. Thoroughbred Financial Services LLC now owns 34,014 shares of the company’s stock worth $2,463,000 after acquiring an additional 6,137 shares during the last quarter. Finally, Sachetta LLC purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $77,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $75.53 on Tuesday. The stock’s 50-day simple moving average is $69.91 and its 200-day simple moving average is $69.34. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. The firm has a market capitalization of $101.31 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 3.01 and a beta of 0.54. Mondelez International, Inc. has a fifty-two week low of $60.75 and a fifty-two week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. As a group, equities research analysts forecast that Mondelez International, Inc. will post 3.49 EPS for the current fiscal year.

Mondelez International Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Shareholders of record on Monday, September 30th will be paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.49%. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is currently 59.68%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MDLZ. DA Davidson decreased their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. TD Cowen decreased their target price on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. The Goldman Sachs Group assumed coverage on Mondelez International in a research report on Monday, August 12th. They issued a “buy” rating and a $80.00 target price for the company. Wells Fargo & Company reduced their price target on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research report on Tuesday, June 4th. Finally, Evercore ISI dropped their price objective on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. One research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $78.61.

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.