Envestnet Portfolio Solutions Inc. Sells 16,717 Shares of Mondelez International, Inc. $MDLZ

Envestnet Portfolio Solutions Inc. decreased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 9.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 165,694 shares of the company’s stock after selling 16,717 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Mondelez International were worth $10,351,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Soundwatch Capital LLC bought a new position in Mondelez International in the second quarter worth approximately $27,000. Rossby Financial LCC grew its position in shares of Mondelez International by 966.7% during the 2nd quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after acquiring an additional 406 shares during the period. Richardson Financial Services Inc. increased its stake in shares of Mondelez International by 141.0% in the 3rd quarter. Richardson Financial Services Inc. now owns 482 shares of the company’s stock worth $30,000 after purchasing an additional 282 shares in the last quarter. Aspect Partners LLC raised its holdings in Mondelez International by 180.5% in the 2nd quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares during the period. Finally, Financial Connections Group Inc. purchased a new position in Mondelez International during the second quarter valued at $33,000. 78.32% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wall Street Zen lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Stifel Nicolaus lowered their price objective on Mondelez International from $76.00 to $70.00 and set a “buy” rating on the stock in a research report on Wednesday, October 29th. DZ Bank raised shares of Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. UBS Group decreased their target price on shares of Mondelez International from $63.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 14th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Mondelez International from $71.00 to $69.00 and set an “overweight” rating for the company in a research report on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $66.11.

Mondelez International Stock Up 1.4%

NASDAQ MDLZ opened at $58.40 on Friday. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $71.15. The company has a current ratio of 0.61, a quick ratio of 0.37 and a debt-to-equity ratio of 0.65. The stock has a market cap of $75.36 billion, a PE ratio of 21.87 and a beta of 0.39. The stock’s 50 day moving average is $55.34 and its 200 day moving average is $60.10.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.73 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.01). The company had revenue of $9.74 billion for the quarter, compared to analysts’ expectations of $9.76 billion. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.95 earnings per share. Mondelez International has set its FY 2025 guidance at 2.860-2.860 EPS. Research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, December 31st. Mondelez International’s dividend payout ratio (DPR) is presently 74.91%.

Mondelez International Profile

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e?commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.