Arvest Investments Inc. Sells 255 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Arvest Investments Inc. decreased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,551 shares of the company’s stock after selling 255 shares during the quarter. Arvest Investments Inc.’s holdings in Mondelez International were worth $1,259,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Marshall Investment Management LLC bought a new stake in Mondelez International during the 4th quarter valued at approximately $26,000. Orion Capital Management LLC bought a new stake in Mondelez International during the 4th quarter valued at approximately $30,000. Transce3nd LLC bought a new stake in Mondelez International during the 4th quarter valued at approximately $30,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $31,000. Finally, Sierra Ocean LLC bought a new stake in shares of Mondelez International in the 4th quarter worth approximately $32,000. Institutional investors own 78.32% of the company’s stock.

Mondelez International Trading Down 0.4%

MDLZ stock opened at $66.95 on Thursday. The business has a fifty day moving average price of $66.44 and a 200 day moving average price of $63.45. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The stock has a market capitalization of $86.69 billion, a price-to-earnings ratio of 19.58, a P/E/G 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.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $9.37 billion. During the same period last year, the firm posted $0.93 EPS. The business’s revenue was up .2% on a year-over-year basis. Analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 14th. Stockholders of record on Monday, June 30th will be paid a $0.47 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.88 annualized dividend and a dividend yield of 2.81%. Mondelez International’s dividend payout ratio (DPR) is currently 69.89%.

Analysts Set New Price Targets

A number of analysts have commented on MDLZ shares. Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Morgan Stanley raised their price objective on Mondelez International from $69.00 to $72.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $69.00 price objective on shares of Mondelez International in a research report on Monday, April 28th. Evercore ISI raised their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 23rd. Finally, DA Davidson downgraded Mondelez International from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $70.11.

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.