Arvest Investments Inc. Decreases Stock Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Arvest Investments Inc. cut its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 6.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 18,806 shares of the company’s stock after selling 1,374 shares during the quarter. Arvest Investments Inc.’s holdings in Mondelez International were worth $1,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Truvestments Capital LLC purchased a new stake in Mondelez International in the third quarter valued at about $25,000. Prospera Private Wealth LLC purchased a new stake in Mondelez International in the third quarter valued at about $27,000. Marshall Investment Management LLC purchased a new stake in Mondelez International in the fourth quarter valued at about $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the fourth quarter valued at about $27,000. Finally, Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International in the fourth quarter valued at about $31,000. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Mondelez International Stock Down 1.0 %

Shares of MDLZ opened at $64.00 on Thursday. 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, Inc. has a 12 month low of $53.95 and a 12 month high of $76.06. The stock’s 50 day moving average is $61.07 and its two-hundred day moving average is $65.24. The firm has a market cap of $82.79 billion, a P/E ratio of 18.71, a PEG ratio of 4.34 and a beta of 0.50.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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 12.68% and a return on equity of 16.75%. Analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 2.94%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is currently 54.97%.

Mondelez International announced that its Board of Directors has initiated a share buyback program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MDLZ has been the subject of several research analyst reports. The Goldman Sachs Group reduced their price objective on Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a research note on Thursday, February 6th. Argus cut Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Jefferies Financial Group cut Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $75.00 to $62.00 in a research note on Tuesday, January 21st. UBS Group reduced their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, January 16th. Finally, Barclays reduced their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.74.

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.