Shorepoint Capital Partners LLC Invests $3.37 Million in Mondelez International, Inc. $MDLZ

Shorepoint Capital Partners LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 53,927 shares of the company’s stock, valued at approximately $3,369,000.

Other institutional investors have also added to or reduced their stakes in the company. AlphaStar Capital Management LLC purchased a new position in Mondelez International in the second quarter valued at about $1,336,000. GAMMA Investing LLC raised its stake in shares of Mondelez International by 43.2% during the 2nd quarter. GAMMA Investing LLC now owns 26,230 shares of the company’s stock worth $1,769,000 after acquiring an additional 7,914 shares in the last quarter. Banque Transatlantique SA lifted its position in Mondelez International by 294.5% during the first quarter. Banque Transatlantique SA now owns 12,657 shares of the company’s stock valued at $794,000 after acquiring an additional 9,449 shares during the last quarter. Huntington National Bank boosted its stake in Mondelez International by 9.3% in the second quarter. Huntington National Bank now owns 248,373 shares of the company’s stock valued at $16,750,000 after acquiring an additional 21,113 shares in the last quarter. Finally, Modern Wealth Management LLC acquired a new stake in Mondelez International in the first quarter valued at approximately $363,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MDLZ shares. DZ Bank upgraded Mondelez International from a “sell” rating to a “buy” rating in a research note on Thursday, October 30th. Zacks Research downgraded shares of Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. Bank of America lowered their target price on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating for the company in a research note on Wednesday, October 29th. Wall Street Zen downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Barclays reduced their target price on Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $67.95.

Mondelez International Price Performance

Shares of MDLZ opened at $54.26 on Tuesday. The company has a market capitalization of $70.01 billion, a P/E ratio of 20.32 and a beta of 0.39. The business’s 50-day moving average is $57.87 and its two-hundred day moving average is $62.54. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. Mondelez International, Inc. has a fifty-two week low of $53.13 and a fifty-two week high of $71.15.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The firm had revenue of $7.30 billion for the quarter. Research analysts predict that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.7%. Mondelez International’s payout ratio is presently 74.91%.

About Mondelez International

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.