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.
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%.
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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.
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