Amalgamated Bank Sells 8,571 Shares of Mondelez International, Inc. (NASDAQ:MDLZ)

Amalgamated Bank lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 3.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 256,002 shares of the company’s stock after selling 8,571 shares during the quarter. Amalgamated Bank’s holdings in Mondelez International were worth $15,291,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MDLZ. Arkadios Wealth Advisors grew its holdings in Mondelez International by 64.0% during the 3rd quarter. Arkadios Wealth Advisors now owns 9,635 shares of the company’s stock worth $710,000 after acquiring an additional 3,760 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Mondelez International by 21.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 525,054 shares of the company’s stock worth $38,928,000 after purchasing an additional 91,449 shares during the last quarter. Orrstown Financial Services Inc. acquired a new stake in shares of Mondelez International during the third quarter worth $382,000. Strategic Wealth Investment Group LLC lifted its stake in Mondelez International by 40.4% in the third quarter. Strategic Wealth Investment Group LLC now owns 139,572 shares of the company’s stock valued at $10,187,000 after buying an additional 40,154 shares during the period. Finally, Hunter Associates Investment Management LLC lifted its stake in Mondelez International by 1.7% in the third quarter. Hunter Associates Investment Management LLC now owns 32,683 shares of the company’s stock valued at $2,404,000 after buying an additional 551 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.

Mondelez International Stock Up 0.8 %

NASDAQ:MDLZ opened at $65.88 on Wednesday. Mondelez International, Inc. has a 52-week low of $53.95 and a 52-week high of $76.06. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.48 and a current ratio of 0.68. The stock has a 50-day simple moving average of $59.15 and a 200 day simple moving average of $65.81. The company has a market cap of $85.22 billion, a PE ratio of 19.26, a PEG ratio of 4.34 and a beta of 0.54.

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 net margin of 12.68% and a return on equity of 16.75%. On average, sell-side analysts expect that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Dividend Announcement

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

Mondelez International declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. DZ Bank lowered Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 target price for the company. in a research report on Friday, February 7th. Piper Sandler downgraded shares of Mondelez International from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $70.00 to $63.00 in a research note on Friday, January 31st. Citigroup lowered their target price on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. The Goldman Sachs Group decreased their price target on shares of Mondelez International from $68.00 to $60.00 and set a “buy” rating for the company in a report on Thursday, February 6th. Finally, Barclays decreased their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $69.74.

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.