Geode Capital Management LLC Has $20.01 Million Holdings in Matthews International Co. (NASDAQ:MATW)

Geode Capital Management LLC decreased its holdings in Matthews International Co. (NASDAQ:MATW) by 0.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 722,676 shares of the company’s stock after selling 6,863 shares during the quarter. Geode Capital Management LLC owned 2.33% of Matthews International worth $20,009,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of Matthews International by 6.8% during the third quarter. State Street Corp now owns 1,208,505 shares of the company’s stock valued at $28,037,000 after buying an additional 76,911 shares during the last quarter. Jane Street Group LLC lifted its stake in Matthews International by 120.5% during the 3rd quarter. Jane Street Group LLC now owns 79,861 shares of the company’s stock valued at $1,853,000 after acquiring an additional 43,650 shares in the last quarter. Barclays PLC boosted its holdings in Matthews International by 375.4% during the 3rd quarter. Barclays PLC now owns 52,823 shares of the company’s stock worth $1,225,000 after acquiring an additional 41,711 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Matthews International by 14.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 50,279 shares of the company’s stock worth $1,166,000 after acquiring an additional 6,514 shares in the last quarter. Finally, Waldron Private Wealth LLC purchased a new stake in shares of Matthews International in the fourth quarter valued at about $213,000. Institutional investors and hedge funds own 83.08% of the company’s stock.

Matthews International Stock Down 2.0 %

Matthews International stock opened at $19.51 on Friday. Matthews International Co. has a fifty-two week low of $18.50 and a fifty-two week high of $32.24. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.96 and a current ratio of 1.58. The firm’s 50-day simple moving average is $22.76 and its 200 day simple moving average is $25.39. The stock has a market cap of $604.21 million, a PE ratio of -9.90 and a beta of 1.07.

Matthews International (NASDAQ:MATW) last announced its earnings results on Thursday, February 6th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.12). Matthews International had a negative net margin of 3.48% and a positive return on equity of 12.88%. Research analysts predict that Matthews International Co. will post 1.73 EPS for the current fiscal year.

Matthews International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Shareholders of record on Monday, February 10th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend was Monday, February 10th. Matthews International’s dividend payout ratio is -50.76%.

About Matthews International

Matthews International Corporation provides brand solutions, memorialization products, and industrial technologies worldwide. It operates through three segments: Memorialization, Industrial Technologies, and SGK Brand Solutions. The Memorialization segment provides bronze and granite memorials, upright granite memorials and monuments, concrete burial vaults, cremation memorialization products, granite benches, flower vases, crypt plates and letters, cremation urns, niche units, cemetery features, and statues, as well as bronze plaques, letters, emblems, vases, lights and photo ceramics, granite monuments, mausoleums, crypts, and flush memorials.