Shorepoint Capital Partners LLC Makes New Investment in Mondelez International, Inc. $MDLZ

Shorepoint Capital Partners LLC acquired a new stake in Mondelez International, Inc. (NASDAQ:MDLZ) in the third quarter, Holdings Channel.com reports. The firm acquired 53,927 shares of the company’s stock, valued at approximately $3,369,000.

Several other large investors have also made changes to their positions in MDLZ. Soundwatch Capital LLC purchased a new position in shares of Mondelez International during the 2nd quarter valued at approximately $27,000. Rossby Financial LCC grew its position in shares of Mondelez International by 966.7% in the second quarter. Rossby Financial LCC now owns 448 shares of the company’s stock valued at $30,000 after purchasing an additional 406 shares during the period. Aspect Partners LLC increased its stake in shares of Mondelez International by 180.5% during the second quarter. Aspect Partners LLC now owns 474 shares of the company’s stock worth $32,000 after purchasing an additional 305 shares in the last quarter. Financial Connections Group Inc. acquired a new position in shares of Mondelez International during the 2nd quarter worth about $33,000. Finally, Saudi Central Bank purchased a new position in Mondelez International in the 1st quarter valued at about $36,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on MDLZ shares. DA Davidson cut their price objective on Mondelez International from $65.00 to $62.00 and set a “neutral” rating for the company in a research note on Monday, November 10th. Wells Fargo & Company cut their price target on Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, October 29th. Zacks Research lowered shares of Mondelez International from a “hold” rating to a “strong sell” rating in a report on Monday, November 10th. UBS Group cut their price target on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada lowered their price objective on Mondelez International from $71.00 to $67.00 and set an “outperform” rating for the company in a research report on Wednesday, October 29th. Fourteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $67.95.

Mondelez International Trading Up 0.4%

MDLZ opened at $54.26 on Tuesday. The company has a quick ratio of 0.37, a current ratio of 0.61 and a debt-to-equity ratio of 0.65. The firm has a market cap of $70.01 billion, a P/E ratio of 20.32 and a beta of 0.39. Mondelez International, Inc. has a 52 week low of $53.13 and a 52 week high of $71.15. The business has a fifty day simple moving average of $57.87 and a 200-day simple moving average of $62.54.

Mondelez International (NASDAQ:MDLZ) last announced 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 company had revenue of $7.30 billion during the quarter. On average, equities analysts expect that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Dividend Announcement

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