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

Arcadia Investment Management Corp MI trimmed its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,613 shares of the company's stock after selling 5,943 shares during the period. Arcadia Investment Management Corp MI's holdings in Mondelez International were worth $2,891,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. CORDA Investment Management LLC. increased its stake in shares of Mondelez International by 1.5% during the 1st quarter. CORDA Investment Management LLC. now owns 573,612 shares of the company's stock worth $38,920,000 after purchasing an additional 8,456 shares in the last quarter. Graver Capital Management LLC purchased a new position in shares of Mondelez International during the 1st quarter worth approximately $225,000. Personal CFO Solutions LLC increased its stake in shares of Mondelez International by 10.0% during the 1st quarter. Personal CFO Solutions LLC now owns 6,563 shares of the company's stock worth $445,000 after purchasing an additional 599 shares in the last quarter. Valeo Financial Advisors LLC increased its stake in shares of Mondelez International by 12.1% during the 1st quarter. Valeo Financial Advisors LLC now owns 43,009 shares of the company's stock worth $2,918,000 after purchasing an additional 4,628 shares in the last quarter. Finally, Liberty One Investment Management LLC increased its stake in shares of Mondelez International by 7.8% during the 1st quarter. Liberty One Investment Management LLC now owns 386,345 shares of the company's stock worth $26,214,000 after purchasing an additional 28,050 shares in the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Trading Up 0.7%

NASDAQ:MDLZ traded up $0.44 on Thursday, hitting $67.29. 3,295,885 shares of the stock were exchanged, compared to its average volume of 8,086,758. The stock has a fifty day moving average of $67.01 and a 200-day moving average of $64.14. The company has a current ratio of 0.61, a quick ratio of 0.40 and a debt-to-equity ratio of 0.61. 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 cap of $87.12 billion, a PE ratio of 25.02, a PEG ratio of 5.29 and a beta of 0.48.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping analysts' consensus estimates of $0.67 by $0.07. Mondelez International had a net margin of 9.90% and a return on equity of 15.94%. The firm had revenue of $9.31 billion during the quarter, compared to analysts' expectations of $9.37 billion. During the same period in the prior year, the company earned $0.93 EPS. The firm's revenue was up .2% on a year-over-year basis. As a group, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be given a dividend of $0.47 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.88 dividend on an annualized basis and a yield of 2.79%. Mondelez International's dividend payout ratio (DPR) is 69.89%.

Wall Street Analyst Weigh In

MDLZ has been the subject of a number of recent research reports. Piper Sandler raised their price objective on shares of Mondelez International from $59.00 to $64.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Barclays raised their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $68.00 to $78.00 in a research note on Friday, June 20th. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $69.00 target price on shares of Mondelez International in a research note on Monday, April 28th. Finally, DA Davidson cut shares of Mondelez International from a "buy" rating to a "neutral" rating and lifted their target price for the stock from $66.00 to $68.00 in a research note on Thursday, April 24th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $70.63.

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.