Arvest Bank Trust Division Takes Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Arvest Bank Trust Division acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 197,881 shares of the company's stock, valued at approximately $14,578,000.

Several other large investors have also modified their holdings of MDLZ. Mizuho Securities USA LLC lifted its position in Mondelez International by 12,057.4% during the 3rd quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company's stock worth $926,327,000 after acquiring an additional 12,470,573 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company's stock worth $1,094,557,000 after purchasing an additional 4,794,746 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new stake in shares of Mondelez International during the third quarter worth $219,045,000. FMR LLC grew its position in Mondelez International by 14.2% in the 3rd quarter. FMR LLC now owns 18,255,657 shares of the company's stock valued at $1,344,894,000 after buying an additional 2,268,639 shares during the last quarter. Finally, Holocene Advisors LP purchased a new position in Mondelez International in the 3rd quarter valued at $159,823,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on MDLZ shares. Bank of America upped their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, October 15th. Stifel Nicolaus increased their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Redburn Atlantic began coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a "buy" rating and a $82.00 price objective on the stock. Piper Sandler boosted their target price on Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their price target on Mondelez International from $78.00 to $74.00 and set an "overweight" rating on the stock in a research note on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $79.07.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded down $0.49 on Thursday, hitting $62.63. The company's stock had a trading volume of 8,030,688 shares, compared to its average volume of 6,910,186. The stock has a 50 day moving average of $67.35 and a 200-day moving average of $68.72. The company has a market capitalization of $83.75 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.84 and a beta of 0.53. Mondelez International, Inc. has a 12-month low of $60.33 and a 12-month high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.14. The company had revenue of $9.20 billion during the quarter, compared to analysts' expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business's revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.82 earnings per share. As a group, research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Mondelez International declared that its Board of Directors has authorized a stock repurchase 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 often a sign that the company's management believes its stock is undervalued.

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.