Arcadia Investment Management Corp MI Sells 6,640 Shares of Mondelez International, Inc. $MDLZ

Arcadia Investment Management Corp MI lessened its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 15.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 35,973 shares of the company’s stock after selling 6,640 shares during the period. Arcadia Investment Management Corp MI’s holdings in Mondelez International were worth $2,426,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its holdings in Mondelez International by 90.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock worth $1,968,811,000 after acquiring an additional 13,755,181 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Mondelez International by 0.8% in the second quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock worth $1,943,170,000 after acquiring an additional 242,695 shares during the last quarter. Nuveen LLC acquired a new position in shares of Mondelez International during the first quarter worth approximately $866,843,000. Invesco Ltd. grew its stake in shares of Mondelez International by 1.1% during the first quarter. Invesco Ltd. now owns 12,547,186 shares of the company’s stock valued at $851,327,000 after purchasing an additional 137,604 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Mondelez International by 57.6% during the first quarter. Goldman Sachs Group Inc. now owns 9,446,774 shares of the company’s stock valued at $640,964,000 after purchasing an additional 3,454,174 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.2%

Mondelez International stock opened at $56.86 on Friday. The firm has a market capitalization of $73.37 billion, a price-to-earnings ratio of 21.30, a PEG ratio of 5.34 and a beta of 0.42. The company’s 50 day simple moving average is $60.85 and its 200 day simple moving average is $64.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.39. Mondelez International, Inc. has a fifty-two week low of $53.95 and a fifty-two week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. As a group, sell-side analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MDLZ. DA Davidson dropped their price objective on shares of Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research report on Monday, November 10th. Mizuho lowered their target price on Mondelez International from $75.00 to $73.00 and set an “outperform” rating for the company in a research note on Tuesday, October 28th. Evercore ISI cut their price target on Mondelez International from $73.00 to $72.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Wall Street Zen cut Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Finally, Royal Bank Of Canada lowered their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Fourteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.37.

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.