Amalgamated Bank Trims Position in Mondelez International, Inc. (NASDAQ:MDLZ)

Amalgamated Bank reduced its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 334,389 shares of the company’s stock after selling 18,481 shares during the quarter. Amalgamated Bank’s holdings in Mondelez International were worth $24,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in MDLZ. Carmel Capital Partners LLC acquired a new stake in shares of Mondelez International during the third quarter valued at about $28,000. First Command Advisory Services Inc. acquired a new position in Mondelez International in the third quarter worth about $29,000. HHM Wealth Advisors LLC acquired a new position in Mondelez International in the fourth quarter worth about $29,000. Orion Capital Management LLC acquired a new position in Mondelez International in the third quarter worth about $35,000. Finally, Legacy Financial Group LLC acquired a new position in Mondelez International in the third quarter worth about $45,000. 78.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on MDLZ. Stifel Nicolaus lifted their price target on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. decreased their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Sanford C. Bernstein raised their target price on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Barclays cut their target price 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 research analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.75.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded down $0.61 during midday trading on Friday, hitting $69.89. 8,093,495 shares of the company’s stock were exchanged, compared to its average volume of 7,989,880. 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 stock’s 50 day moving average price is $70.29 and its 200-day moving average price is $70.86. The firm has a market cap of $94.11 billion, a P/E ratio of 22.19, a PEG ratio of 2.46 and a beta of 0.55. Mondelez International, Inc. has a twelve month low of $60.75 and a twelve month high of $78.54.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The business’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.89 earnings per share. Equities research analysts anticipate that Mondelez International, Inc. will post 3.51 EPS for the current year.

About Mondelez International

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.