Arcadia Investment Management Corp MI Decreases Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Arcadia Investment Management Corp MI trimmed its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 24.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,556 shares of the company’s stock after selling 16,108 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in Mondelez International were worth $2,900,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. State Street Corp increased its stake in shares of Mondelez International by 3.2% in the third quarter. State Street Corp now owns 60,151,987 shares of the company’s stock worth $4,459,239,000 after buying an additional 1,851,247 shares during the period. Geode Capital Management LLC increased its stake in shares of Mondelez International by 1.2% in the third quarter. Geode Capital Management LLC now owns 28,204,955 shares of the company’s stock worth $2,069,906,000 after buying an additional 341,203 shares during the period. FMR LLC increased its stake in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after buying an additional 2,268,639 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Mondelez International by 2.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 17,215,182 shares of the company’s stock worth $1,268,242,000 after buying an additional 489,068 shares during the period. Finally, Mizuho Securities USA LLC increased its stake in shares of Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock worth $926,327,000 after buying an additional 12,470,573 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.

Mondelez International Stock Performance

Shares of Mondelez International stock opened at $62.17 on Friday. The stock has a market cap of $80.42 billion, a price-to-earnings ratio of 18.18, a PEG ratio of 4.32 and a beta of 0.54. The firm’s 50-day moving average is $58.92 and its 200 day moving average is $65.94. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. 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 announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has authorized a share buyback program on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) is 54.97%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MDLZ. Mizuho boosted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, February 14th. Jefferies Financial Group downgraded shares of Mondelez International from a “buy” rating to a “hold” rating and reduced their price objective for the company from $75.00 to $62.00 in a research report on Tuesday, January 21st. Stifel Nicolaus reduced their price objective on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $69.74.

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.