Pointe Capital Management LLC Has $782,000 Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Pointe Capital Management LLC increased its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,090 shares of the company’s stock after acquiring an additional 199 shares during the period. Pointe Capital Management LLC’s holdings in Mondelez International were worth $782,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in shares of Mondelez International in the 3rd quarter valued at $25,000. Marshall Investment Management LLC acquired a new stake in Mondelez International in the fourth quarter valued at about $26,000. Prospera Private Wealth LLC acquired a new stake in Mondelez International in the third quarter valued at about $27,000. Hager Investment Management Services LLC bought a new position in Mondelez International in the fourth quarter valued at about $27,000. Finally, McClarren Financial Advisors Inc. acquired a new position in Mondelez International during the fourth quarter worth about $32,000. 78.32% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a research note on Thursday, February 6th. Barclays cut their target price on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Dbs Bank downgraded shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. UBS Group cut their price objective on Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, January 16th. Finally, Argus lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $69.74.

Mondelez International Trading Up 0.8 %

MDLZ opened at $65.88 on Wednesday. Mondelez International, Inc. has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a fifty day moving average of $59.15 and a 200-day moving average of $65.81. The stock has a market cap of $85.22 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 4.34 and a beta of 0.54. 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) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. On average, sell-side analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International announced that its board has authorized a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 14th. Stockholders of record on Monday, March 31st will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Monday, March 31st. Mondelez International’s dividend payout ratio (DPR) 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.