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

Envestnet Asset Management Inc. grew its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,065,628 shares of the company's stock after purchasing an additional 27,695 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.23% of Mondelez International worth $183,110,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Mondelez International in the fourth quarter valued at approximately $1,118,755,000. Raymond James Financial Inc. purchased a new stake in Mondelez International in the 4th quarter valued at $256,832,000. Van ECK Associates Corp boosted its stake in Mondelez International by 2,560.0% during the 4th quarter. Van ECK Associates Corp now owns 3,411,179 shares of the company's stock worth $203,749,000 after purchasing an additional 3,282,937 shares during the period. Franklin Resources Inc. increased its stake in Mondelez International by 13.5% in the fourth quarter. Franklin Resources Inc. now owns 8,806,832 shares of the company's stock valued at $526,032,000 after purchasing an additional 1,049,498 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Mondelez International by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 132,437,250 shares of the company's stock valued at $7,910,477,000 after buying an additional 931,776 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. Mizuho boosted 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. Dbs Bank cut shares of Mondelez International from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 7th. Citigroup dropped their price target on shares of Mondelez International from $78.00 to $71.00 and set a "buy" rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays reduced their price objective on shares of Mondelez International from $69.00 to $63.00 and set an "overweight" rating for the company in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International presently has an average rating of "Moderate Buy" and a consensus price target of $70.50.

Mondelez International Price Performance

MDLZ traded up $1.07 during midday trading on Friday, reaching $67.05. 8,840,632 shares of the company's stock were exchanged, compared to its average volume of 8,046,489. Mondelez International, Inc. has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a market capitalization of $86.73 billion, a PE ratio of 19.61, a P/E/G ratio of 4.34 and a beta of 0.47. 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 business's 50-day moving average price is $64.38 and its 200 day moving average price is $64.18.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its quarterly earnings data 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 return on equity of 16.75% and a net margin of 12.68%. As a group, equities analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Monday, March 31st. Mondelez International's dividend payout ratio is presently 54.97%.

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.