Pointe Capital Management LLC Grows Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Pointe Capital Management LLC boosted its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 21.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,611 shares of the company’s stock after buying an additional 1,847 shares during the period. Pointe Capital Management LLC’s holdings in Mondelez International were worth $769,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MDLZ. TCG Advisory Services LLC increased its stake in Mondelez International by 91.8% during the fourth quarter. TCG Advisory Services LLC now owns 13,100 shares of the company’s stock worth $949,000 after purchasing an additional 6,269 shares during the period. Vestmark Advisory Solutions Inc. increased its stake in Mondelez International by 0.8% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 35,593 shares of the company’s stock worth $2,578,000 after buying an additional 265 shares during the period. AJOVista LLC acquired a new stake in Mondelez International during the 4th quarter worth approximately $77,000. ARS Wealth Advisors Group LLC boosted its position in Mondelez International by 11.8% in the 4th quarter. ARS Wealth Advisors Group LLC now owns 4,164 shares of the company’s stock valued at $302,000 after buying an additional 440 shares during the period. Finally, VeraBank N.A. grew its stake in shares of Mondelez International by 4.6% in the fourth quarter. VeraBank N.A. now owns 6,245 shares of the company’s stock worth $452,000 after acquiring an additional 274 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Price Performance

Mondelez International stock traded down $0.61 during mid-day trading on Friday, reaching $69.89. The company had a trading volume of 8,093,601 shares, compared to its average volume of 9,882,163. The stock’s 50-day simple moving average is $70.21 and its 200-day simple moving average is $70.91. Mondelez International, Inc. has a 1 year low of $60.75 and a 1 year high of $78.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.43. The company has a market capitalization of $94.11 billion, a P/E ratio of 22.19, a P/E/G ratio of 2.44 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The firm had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.16 billion. During the same period in the prior year, the company earned $0.89 EPS. The firm’s revenue was up 1.4% on a year-over-year basis. On average, equities analysts predict that Mondelez International, Inc. will post 3.51 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Citigroup decreased their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on Mondelez International from $78.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, January 18th. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus boosted their price target on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Finally, Barclays reduced their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $80.75.

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.