Shorepoint Capital Partners LLC Has $2.71 Million Holdings in Mondelez International, Inc. (NASDAQ:MDLZ)

Shorepoint Capital Partners LLC boosted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 45,358 shares of the company's stock after purchasing an additional 3,879 shares during the period. Shorepoint Capital Partners LLC's holdings in Mondelez International were worth $2,709,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Marshall Investment Management LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $26,000. Hager Investment Management Services LLC bought a new position in Mondelez International during the 4th quarter worth approximately $27,000. Transce3nd LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $30,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $31,000. Finally, McClarren Financial Advisors Inc. bought a new stake in shares of Mondelez International in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 78.32% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on MDLZ. Barclays lifted their price objective on shares of Mondelez International from $71.00 to $74.00 and gave the stock an "overweight" rating in a report on Thursday. Morgan Stanley boosted their price objective on shares of Mondelez International from $69.00 to $72.00 and gave the company an "overweight" rating in a research report on Wednesday. Argus lowered shares of Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. UBS Group lifted their target price 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, Evercore ISI increased their price target on Mondelez International from $67.00 to $70.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $70.55.

Mondelez International Price Performance

Shares of MDLZ traded down $0.09 during midday trading on Friday, reaching $67.78. The stock had a trading volume of 4,482,272 shares, compared to its average volume of 7,906,545. The firm's 50 day moving average price is $66.10 and its 200-day moving average price is $63.75. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a market capitalization of $87.67 billion, a P/E ratio of 19.81, 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.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.07. The company had revenue of $9.31 billion during the quarter, compared to analyst estimates of $9.37 billion. Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 EPS. On average, analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current fiscal year.

Mondelez International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Monday, March 31st were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date was Monday, March 31st. Mondelez International's payout ratio is 54.97%.

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.