Envestnet Asset Management Inc. Buys 276,494 Shares of Mondelez International, Inc. $MDLZ

Envestnet Asset Management Inc. raised its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 8.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,412,077 shares of the company’s stock after acquiring an additional 276,494 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Mondelez International were worth $230,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Nisa Investment Advisors LLC raised its holdings in Mondelez International by 1.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 423,557 shares of the company’s stock valued at $28,764,000 after acquiring an additional 5,091 shares during the period. Resonant Capital Advisors LLC raised its holdings in Mondelez International by 10.6% during the 2nd quarter. Resonant Capital Advisors LLC now owns 10,219 shares of the company’s stock valued at $694,000 after acquiring an additional 979 shares during the period. Wealthfront Advisers LLC raised its holdings in Mondelez International by 64.0% during the 2nd quarter. Wealthfront Advisers LLC now owns 126,504 shares of the company’s stock valued at $8,531,000 after acquiring an additional 49,384 shares during the period. Whipplewood Advisors LLC raised its holdings in Mondelez International by 34.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 1,403 shares of the company’s stock valued at $95,000 after acquiring an additional 356 shares during the period. Finally, Brighton Jones LLC raised its holdings in Mondelez International by 3.5% during the 2nd quarter. Brighton Jones LLC now owns 24,818 shares of the company’s stock valued at $1,674,000 after acquiring an additional 847 shares during the period. Institutional investors own 78.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MDLZ shares. Morgan Stanley lowered their target price on shares of Mondelez International from $73.00 to $71.00 and set an “overweight” rating on the stock in a report on Monday, October 6th. UBS Group decreased their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Wells Fargo & Company decreased their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a report on Thursday, September 25th. Piper Sandler upped their price target on shares of Mondelez International from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. Finally, Berenberg Bank cut shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a report on Thursday, October 2nd. Twelve research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $70.22.

Mondelez International Stock Up 1.5%

Shares of NASDAQ:MDLZ opened at $61.66 on Tuesday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $71.15. The firm has a fifty day moving average of $62.21 and a 200 day moving average of $65.08. The firm has a market capitalization of $79.78 billion, a PE ratio of 22.59, a price-to-earnings-growth ratio of 5.44 and a beta of 0.45. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The company had revenue of $7.30 billion during the quarter. As a group, research analysts anticipate that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

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.