Envestnet Portfolio Solutions Inc. Sells 13,471 Shares of Mondelez International, Inc. $MDLZ

Envestnet Portfolio Solutions Inc. lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 8.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 152,223 shares of the company’s stock after selling 13,471 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Mondelez International were worth $8,194,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the stock. KERR FINANCIAL PLANNING Corp bought a new position in Mondelez International during the third quarter worth about $27,000. High Point Wealth Management LLC bought a new position in Mondelez International during the fourth quarter worth about $30,000. McIlrath & Eck LLC bought a new position in Mondelez International during the fourth quarter worth about $30,000. Navalign LLC bought a new position in Mondelez International during the fourth quarter worth about $31,000. Finally, JPL Wealth Management LLC bought a new position in Mondelez International during the third quarter worth about $32,000. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Performance

Shares of MDLZ stock opened at $61.84 on Thursday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.54 and a quick ratio of 0.37. The business’s 50 day simple moving average is $58.40 and its 200 day simple moving average is $57.49. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $71.15. The stock has a market capitalization of $79.38 billion, a PE ratio of 30.77, a PEG ratio of 2.40 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.06. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company had revenue of $10.08 billion during the quarter, compared to analyst estimates of $9.75 billion. During the same quarter in the previous year, the business posted $0.76 EPS. Mondelez International’s revenue for the quarter was up 8.2% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, research analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Mondelez International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s dividend payout ratio is 99.50%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stifel Nicolaus decreased their price objective on shares of Mondelez International from $70.00 to $68.00 and set a “buy” rating on the stock in a report on Wednesday, February 4th. BTIG Research initiated coverage on Mondelez International in a report on Tuesday, April 14th. They set a “buy” rating and a $70.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $67.00 to $70.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. UBS Group upped their price target on shares of Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Wednesday, April 29th. Finally, DA Davidson restated a “neutral” rating and set a $62.00 price objective on shares of Mondelez International in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.05.

Mondelez International Company 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.