Mondelez International, Inc. (NASDAQ:MDLZ) Shares Purchased by Shorepoint Capital Partners LLC

Shorepoint Capital Partners LLC increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 9.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 45,358 shares of the company's stock after buying an additional 3,879 shares during the period. Shorepoint Capital Partners LLC's holdings in Mondelez International were worth $2,709,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Marshall Investment Management LLC purchased a new stake in Mondelez International during the fourth quarter valued at about $26,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International during the fourth quarter valued at about $27,000. Transce3nd LLC purchased a new stake in Mondelez International during the fourth quarter valued at about $30,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Mondelez International during the fourth quarter valued at about $31,000. Finally, McClarren Financial Advisors Inc. purchased a new stake in Mondelez International during the fourth quarter valued at about $32,000. Hedge funds and other institutional investors own 78.32% of the company's stock.

Mondelez International Trading Up 3.8 %

MDLZ traded up $2.48 during trading on Wednesday, reaching $68.13. The company had a trading volume of 15,848,740 shares, compared to its average volume of 7,927,203. The stock has a market cap of $88.13 billion, a P/E ratio of 19.92, a PEG ratio of 4.34 and a beta of 0.47. The business has a 50 day simple moving average of $65.98 and a 200-day simple moving average of $63.74. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.07. The business had revenue of $9.31 billion during the quarter, compared to the consensus estimate of $9.37 billion. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The business's revenue for the quarter was up .2% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. On average, 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 declared a quarterly dividend, which was paid on Monday, April 14th. Shareholders of record on Monday, March 31st were issued a $0.47 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.76%. Mondelez International's dividend payout ratio is currently 54.97%.

Analyst Ratings Changes

A number of research firms have weighed in on MDLZ. Evercore ISI raised their price target on Mondelez International from $67.00 to $70.00 and gave the company an "outperform" rating in a research report on Wednesday, April 23rd. DA Davidson cut Mondelez International from a "buy" rating to a "neutral" rating and increased their target price for the company from $66.00 to $68.00 in a report on Thursday, April 24th. UBS Group increased their target price on Mondelez International from $60.00 to $69.00 and gave the company a "neutral" rating in a report on Thursday, April 17th. Jefferies Financial Group cut Mondelez International from a "buy" rating to a "hold" rating and dropped their target price for the company from $75.00 to $62.00 in a report on Tuesday, January 21st. Finally, Dbs Bank cut Mondelez International from a "strong-buy" rating to a "hold" rating in a report on Friday, February 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $70.00.

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.