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

Pointe Capital Management LLC grew its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 1.5% in the 4th quarter, HoldingsChannel reports. The firm owned 13,090 shares of the company’s stock after acquiring an additional 199 shares during the quarter. 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 (SEC).

Other large investors have also added to or reduced their stakes in the company. Truvestments Capital LLC bought a new position in Mondelez International during the third quarter valued at $25,000. Marshall Investment Management LLC purchased a new position in shares of Mondelez International during the 4th quarter valued at $26,000. Prospera Private Wealth LLC bought a new position in shares of Mondelez International during the 3rd quarter worth $27,000. Hager Investment Management Services LLC purchased a new stake in Mondelez International in the 4th quarter worth about $27,000. Finally, McClarren Financial Advisors Inc. bought a new stake in Mondelez International in the 4th quarter valued at about $32,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $65.88 on Wednesday. The company has a market capitalization of $85.22 billion, a P/E ratio of 19.26, a P/E/G ratio of 4.34 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a fifty day moving average of $59.15 and a 200-day moving average of $65.81.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) 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%. As a group, equities research analysts predict that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International declared that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to repurchase up to 10.7% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Monday, March 31st will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date is Monday, March 31st. Mondelez International’s payout ratio is presently 54.97%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Argus lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Royal Bank of Canada cut their price objective on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating for the company in a report on Thursday, February 6th. Stifel Nicolaus lowered their target price on shares of Mondelez International from $82.00 to $70.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Mizuho increased their target price on Mondelez International from $64.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, February 14th. Finally, UBS Group reduced their price target on Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International Company 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.