Envestnet Portfolio Solutions Inc. Lowers Stake in Mondelez International, Inc. $MDLZ

Envestnet Portfolio Solutions Inc. lessened its position in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 24.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 182,411 shares of the company's stock after selling 58,426 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Mondelez International were worth $12,302,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MDLZ. Hemington Wealth Management grew its position in shares of Mondelez International by 11.4% in the first quarter. Hemington Wealth Management now owns 1,519 shares of the company's stock valued at $103,000 after purchasing an additional 156 shares during the period. Checchi Capital Advisers LLC boosted its stake in Mondelez International by 1.0% in the 1st quarter. Checchi Capital Advisers LLC now owns 15,959 shares of the company's stock worth $1,083,000 after buying an additional 160 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in Mondelez International by 37.2% in the 2nd quarter. E Fund Management Hong Kong Co. Ltd. now owns 601 shares of the company's stock worth $41,000 after buying an additional 163 shares during the last quarter. Sound Income Strategies LLC grew its holdings in Mondelez International by 11.1% in the 1st quarter. Sound Income Strategies LLC now owns 1,688 shares of the company's stock valued at $115,000 after buying an additional 168 shares during the period. Finally, Enterprise Bank & Trust Co increased its stake in shares of Mondelez International by 0.7% during the 2nd quarter. Enterprise Bank & Trust Co now owns 23,964 shares of the company's stock valued at $1,616,000 after acquiring an additional 170 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $61.17 on Tuesday. The firm's fifty day simple moving average is $62.24 and its 200 day simple moving average is $65.39. The company has a current ratio of 0.64, a quick ratio of 0.39 and a debt-to-equity ratio of 0.69. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $72.70. The firm has a market capitalization of $79.15 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 4.65 and a beta of 0.45.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $7.30 billion during the quarter. Mondelez International had a return on equity of 15.35% and a net margin of 9.84%. As a group, equities research analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Investors of record on Tuesday, September 30th will be given a dividend of $0.50 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International's dividend payout ratio is presently 73.26%.

Analysts Set New Price Targets

MDLZ has been the topic of several research analyst reports. Evercore ISI decreased their target price on shares of Mondelez International from $73.00 to $72.00 and set an "outperform" rating on the stock in a research report on Friday, September 26th. JPMorgan Chase & Co. assumed coverage on shares of Mondelez International in a report on Wednesday, August 20th. They issued an "overweight" rating and a $75.00 price target on the stock. Berenberg Bank downgraded Mondelez International from a "buy" rating to a "hold" rating and set a $70.00 price objective for the company. in a report on Thursday, October 2nd. Dbs Bank raised Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Finally, Morgan Stanley lowered their price target on Mondelez International from $73.00 to $71.00 and set an "overweight" rating for the company in a research report on Monday, October 6th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $71.55.

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.

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