Mondelez International, Inc. (NASDAQ:MDLZ) Position Increased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. boosted its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 12.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 315,089 shares of the company’s stock after purchasing an additional 35,637 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Mondelez International were worth $18,820,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in MDLZ. United Bank raised its holdings in shares of 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 last quarter. Versor Investments LP acquired a new stake in Mondelez International in the 3rd quarter valued at approximately $243,000. Coastline Trust Co bought a new stake in Mondelez International during the 3rd quarter valued at $94,000. Natixis Advisors LLC boosted its position in Mondelez International by 12.2% during the 3rd quarter. Natixis Advisors LLC now owns 1,326,627 shares of the company’s stock worth $97,733,000 after acquiring an additional 144,160 shares during the period. Finally, Atlanta Consulting Group Advisors LLC boosted its position in Mondelez International by 3.4% during the 3rd quarter. Atlanta Consulting Group Advisors LLC now owns 6,450 shares of the company’s stock worth $475,000 after acquiring an additional 215 shares during the period. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 0.6 %

MDLZ stock opened at $64.31 on Monday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. The firm has a market capitalization of $83.19 billion, a P/E ratio of 18.80, a P/E/G ratio of 4.34 and a beta of 0.50. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company’s 50 day simple moving average is $60.69 and its 200-day simple moving average is $65.34.

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

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Shareholders of record on Monday, March 31st will be given a dividend of $0.47 per share. The ex-dividend date is Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a yield of 2.92%. Mondelez International’s payout ratio is presently 54.97%.

Mondelez International declared that its Board of Directors has authorized a share 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 reacquire up to 10.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Mizuho lifted their price objective on shares of Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. Barclays dropped their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. UBS Group decreased their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Wells Fargo & Company lowered their price objective on shares of Mondelez International from $61.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, Argus downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. One 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $69.74.

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.