Envestnet Asset Management Inc. Grows Stock Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Envestnet Asset Management Inc. raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 0.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,065,628 shares of the company’s stock after acquiring an additional 27,695 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Mondelez International were worth $183,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. United Bank boosted its stake in Mondelez International by 12.7% during the third quarter. United Bank now owns 22,649 shares of the company’s stock valued at $1,669,000 after buying an additional 2,549 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Mondelez International by 6.4% in the 3rd quarter. Janus Henderson Group PLC now owns 211,427 shares of the company’s stock worth $15,575,000 after buying an additional 12,697 shares during the last quarter. EP Wealth Advisors LLC raised its position in shares of Mondelez International by 10.0% during the 3rd quarter. EP Wealth Advisors LLC now owns 26,982 shares of the company’s stock valued at $1,988,000 after buying an additional 2,459 shares in the last quarter. DF Dent & Co. Inc. lifted its holdings in shares of Mondelez International by 6.6% during the 3rd quarter. DF Dent & Co. Inc. now owns 21,342 shares of the company’s stock worth $1,572,000 after acquiring an additional 1,322 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its position in Mondelez International by 10.6% in the third quarter. Orion Portfolio Solutions LLC now owns 92,782 shares of the company’s stock worth $6,835,000 after acquiring an additional 8,886 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Down 2.3 %

Shares of NASDAQ:MDLZ opened at $66.31 on Monday. Mondelez International, Inc. has a 12-month low of $53.95 and a 12-month high of $76.06. The stock has a market capitalization of $85.77 billion, a price-to-earnings ratio of 19.39, a PEG ratio of 4.34 and a beta of 0.47. The stock has a fifty day simple moving average of $63.25 and a two-hundred day simple moving average of $64.47. The company has a current ratio of 0.68, a quick ratio of 0.48 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, research analysts anticipate that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International declared that its board has initiated a stock repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s payout ratio is 54.97%.

Analyst Ratings Changes

Several equities research analysts have issued reports on MDLZ shares. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target for the company. in a research note on Friday, February 7th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Stifel Nicolaus reduced their price target on Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Wells Fargo & Company increased their price objective on Mondelez International from $64.00 to $68.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 2nd. Finally, Morgan Stanley assumed coverage on Mondelez International in a research note on Monday, March 24th. They set an “overweight” rating and a $69.00 target price on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy 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 $70.20.

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.