Envestnet Portfolio Solutions Inc. Sells 74,252 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Envestnet Portfolio Solutions Inc. reduced its stake in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 23.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 240,837 shares of the company's stock after selling 74,252 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Mondelez International were worth $16,341,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Redwood Wealth Management Group LLC acquired a new stake in shares of Mondelez International during the 1st quarter worth about $2,694,000. Boston Trust Walden Corp boosted its position in Mondelez International by 5.4% in the first quarter. Boston Trust Walden Corp now owns 10,253 shares of the company's stock valued at $696,000 after buying an additional 525 shares in the last quarter. Johnson Investment Counsel Inc. grew its stake in Mondelez International by 2.3% during the first quarter. Johnson Investment Counsel Inc. now owns 55,377 shares of the company's stock worth $3,757,000 after buying an additional 1,222 shares during the last quarter. PUREfi Wealth LLC increased its holdings in shares of Mondelez International by 55.6% during the first quarter. PUREfi Wealth LLC now owns 9,967 shares of the company's stock worth $676,000 after buying an additional 3,561 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC raised its stake in shares of Mondelez International by 15.0% in the first quarter. Kingswood Wealth Advisors LLC now owns 7,768 shares of the company's stock valued at $527,000 after acquiring an additional 1,013 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Trading Up 3.0%

Shares of MDLZ stock traded up $1.96 during trading hours on Friday, reaching $68.31. The company had a trading volume of 12,997,727 shares, compared to its average volume of 8,088,162. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.61 and a quick ratio of 0.40. The firm has a market cap of $88.45 billion, a price-to-earnings ratio of 25.39, a P/E/G ratio of 5.14 and a beta of 0.48. The company has a 50 day moving average of $66.64 and a 200 day moving average of $63.53.

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

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 14th. Investors of record on Monday, June 30th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 2.75%. The ex-dividend date of this dividend is Monday, June 30th. Mondelez International's payout ratio is 69.89%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. DA Davidson lowered Mondelez International from a "buy" rating to a "neutral" rating and increased their price target for the stock from $66.00 to $68.00 in a research report on Thursday, April 24th. Royal Bank Of Canada restated an "outperform" rating and set a $69.00 target price on shares of Mondelez International in a report on Monday, April 28th. Evercore ISI lifted their price target on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a report on Wednesday, April 23rd. UBS Group upped their price target on shares of Mondelez International from $60.00 to $69.00 and gave the stock a "neutral" rating in a research report on Thursday, April 17th. Finally, Morgan Stanley raised their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $70.63.

Mondelez International Company 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.