Amalgamated Bank Has $7.13 Million Stake in Mondelez International Inc (MDLZ)

Share on StockTwits

Amalgamated Bank decreased its position in Mondelez International Inc (NASDAQ:MDLZ) by 2.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 178,083 shares of the company’s stock after selling 4,610 shares during the period. Amalgamated Bank’s holdings in Mondelez International were worth $7,129,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MDLZ. Exane Derivatives acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $33,000. Northwest Wealth Management LLC lifted its holdings in shares of Mondelez International by 355.4% in the 4th quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock worth $34,000 after acquiring an additional 654 shares during the last quarter. Sontag Advisory LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $34,000. PRW Wealth Management LLC acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $36,000. Finally, Signet Investment Advisory Group Inc. acquired a new position in shares of Mondelez International in the 4th quarter worth approximately $38,000. 76.82% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on MDLZ. BidaskClub upgraded shares of Mondelez International from a “buy” rating to a “strong-buy” rating in a report on Monday, February 4th. ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Thursday, January 3rd. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price objective on the stock. in a report on Thursday, January 24th. Finally, Guggenheim began coverage on shares of Mondelez International in a report on Tuesday, January 22nd. They issued a “buy” rating and a $47.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $47.27.

In other Mondelez International news, EVP Maurizio Brusadelli sold 5,495 shares of the stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $47.27, for a total transaction of $259,748.65. Following the sale, the executive vice president now directly owns 78,523 shares in the company, valued at approximately $3,711,782.21. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Alejandro Lorenzo sold 26,347 shares of the stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $46.94, for a total transaction of $1,236,728.18. Following the sale, the executive vice president now owns 59,320 shares in the company, valued at $2,784,480.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,127 shares of company stock worth $3,398,519. 2.00% of the stock is owned by company insiders.

Mondelez International stock opened at $49.41 on Tuesday. The company has a market cap of $70.95 billion, a price-to-earnings ratio of 20.33, a price-to-earnings-growth ratio of 2.58 and a beta of 0.89. Mondelez International Inc has a 52-week low of $37.42 and a 52-week high of $49.49. The company has a current ratio of 0.45, a quick ratio of 0.30 and a debt-to-equity ratio of 0.49.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.63. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.77 billion. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.57 EPS. Equities analysts expect that Mondelez International Inc will post 2.5 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.04 dividend on an annualized basis and a yield of 2.10%. Mondelez International’s dividend payout ratio (DPR) is presently 42.80%.

COPYRIGHT VIOLATION NOTICE: “Amalgamated Bank Has $7.13 Million Stake in Mondelez International Inc (MDLZ)” was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/4249005/amalgamated-bank-has-7-13-million-stake-in-mondelez-international-inc-mdlz.html.

Mondelez International Profile

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

Read More: Understanding each part of a balance sheet

Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International Inc (NASDAQ:MDLZ).

Institutional Ownership by Quarter for Mondelez International (NASDAQ:MDLZ)

Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

FintruX Network  Trading 26.5% Lower  Over Last 7 Days
FintruX Network Trading 26.5% Lower Over Last 7 Days
Panhandle Oil and Gas Inc.  Given $23.50 Average Target Price by Brokerages
Panhandle Oil and Gas Inc. Given $23.50 Average Target Price by Brokerages
Propy Tops 24 Hour Trading Volume of $2.36 Million
Propy Tops 24 Hour Trading Volume of $2.36 Million
Zacks: Dawson Geophysical Co  Given Average Rating of “Buy” by Brokerages
Zacks: Dawson Geophysical Co Given Average Rating of “Buy” by Brokerages
Brokerages Anticipate Jefferies Financial Group Inc  to Announce $0.24 Earnings Per Share
Brokerages Anticipate Jefferies Financial Group Inc to Announce $0.24 Earnings Per Share
Bismuth  Hits 1-Day Trading Volume of $903.00
Bismuth Hits 1-Day Trading Volume of $903.00


© 2006-2019 Ticker Report