Envestnet Portfolio Solutions Inc. Raises Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Envestnet Portfolio Solutions Inc. boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 1.9% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 281,431 shares of the company’s stock after buying an additional 5,350 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Mondelez International were worth $18,417,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of MDLZ. SageView Advisory Group LLC purchased a new position in shares of Mondelez International during the fourth quarter valued at approximately $907,000. AGF Management Ltd. lifted its stake in shares of Mondelez International by 32.9% during the 4th quarter. AGF Management Ltd. now owns 1,735,233 shares of the company’s stock worth $125,683,000 after purchasing an additional 429,936 shares during the period. Bahl & Gaynor Inc. boosted its holdings in shares of Mondelez International by 1.1% during the fourth quarter. Bahl & Gaynor Inc. now owns 5,832,772 shares of the company’s stock worth $422,468,000 after purchasing an additional 62,595 shares during the last quarter. Gotham Asset Management LLC grew its position in shares of Mondelez International by 10.4% in the fourth quarter. Gotham Asset Management LLC now owns 174,831 shares of the company’s stock valued at $12,663,000 after purchasing an additional 16,450 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in Mondelez International in the first quarter valued at $1,686,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ traded down $0.91 during trading hours on Thursday, reaching $70.29. The company’s stock had a trading volume of 1,263,212 shares, compared to its average volume of 7,194,306. The company has a current ratio of 0.68, a quick ratio of 0.63 and a debt-to-equity ratio of 0.58. The business has a 50-day simple moving average of $67.11 and a 200 day simple moving average of $69.57. Mondelez International, Inc. has a 52 week low of $60.75 and a 52 week high of $77.20. The stock has a market cap of $94.28 billion, a PE ratio of 22.60, a PEG ratio of 2.76 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. Equities research analysts predict that Mondelez International, Inc. will post 3.49 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 14th. Investors of record on Monday, September 30th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is 59.68%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MDLZ. Piper Sandler cut their price objective on shares of Mondelez International from $78.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, August 9th. TD Cowen decreased their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating for the company in a research note on Thursday, June 6th. Bank of America lowered their target price on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Stifel Nicolaus cut their price target on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $78.61.

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.