Shorepoint Capital Partners LLC Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Shorepoint Capital Partners LLC boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 9.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,358 shares of the company’s stock after purchasing an additional 3,879 shares during the quarter. Shorepoint Capital Partners LLC’s holdings in Mondelez International were worth $2,709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MDLZ. Marshall Investment Management LLC acquired a new stake in Mondelez International during the 4th quarter worth $26,000. Hager Investment Management Services LLC purchased a new stake in shares of Mondelez International in the 4th quarter valued at approximately $27,000. Transce3nd LLC acquired a new position in Mondelez International during the fourth quarter worth $30,000. Kohmann Bosshard Financial Services LLC purchased a new position in Mondelez International during the 4th quarter valued at about $31,000. Finally, McClarren Financial Advisors Inc. acquired a new position in shares of Mondelez International in the fourth quarter valued at approximately $32,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MDLZ. Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Barclays dropped their price objective on Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Jefferies Financial Group cut shares of Mondelez International from a “buy” rating to a “hold” rating and cut their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. UBS Group upped their price objective on Mondelez International from $60.00 to $69.00 and gave the company a “neutral” rating in a research note on Thursday, April 17th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.70.

Mondelez International Stock Up 0.1 %

MDLZ stock opened at $65.59 on Friday. The stock has a market capitalization of $84.84 billion, a P/E ratio of 19.18, a PEG ratio of 4.34 and a beta of 0.47. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a one year low of $53.95 and a one year high of $76.06. The company has a 50 day moving average price of $65.85 and a two-hundred day moving average price of $63.81.

Mondelez International (NASDAQ:MDLZ) last released 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 return on equity of 16.75% and a net margin of 12.68%. As a group, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 annualized dividend and a yield of 2.87%. 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.