Mondelez International, Inc. (NASDAQ:MDLZ – Get Free Report) CEO Dirk Van de Put sold 129,285 shares of Mondelez International stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $66.04, for a total value of $8,537,981.40. Following the transaction, the chief executive officer owned 1,197,203 shares of the company’s stock, valued at $79,063,286.12. This trade represents a 9.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
De Put Dirk Van also recently made the following trade(s):
- On Wednesday, August 19th, Dirk Van de Put sold 133,580 shares of Mondelez International stock. The stock was sold at an average price of $64.08, for a total value of $8,559,806.40.
Mondelez International Stock Down 1.9%
Shares of Mondelez International stock traded down $1.26 on Tuesday, hitting $65.12. The company had a trading volume of 7,543,686 shares, compared to its average volume of 9,154,528. The stock has a market capitalization of $83.11 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 2.40 and a beta of 0.38. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The stock has a 50 day moving average of $61.83 and a 200-day moving average of $60.39. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.07. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%. The business had revenue of $9.97 billion during the quarter, compared to analyst estimates of $9.98 billion. During the same period in the prior year, the firm posted $0.73 EPS. Mondelez International’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current year.
Hedge Funds Weigh In On Mondelez International
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Deutsche Bank AG increased its holdings in Mondelez International by 1.1% during the second quarter. Deutsche Bank AG now owns 13,016,006 shares of the company’s stock worth $752,846,000 after buying an additional 140,351 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Mondelez International by 10.8% in the first quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock valued at $543,900,000 after acquiring an additional 916,235 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Mondelez International by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 8,458,056 shares of the company’s stock valued at $487,522,000 after acquiring an additional 106,636 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Mondelez International by 0.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,777,181 shares of the company’s stock valued at $218,472,000 after acquiring an additional 25,926 shares during the period. Finally, Swiss National Bank grew its position in shares of Mondelez International by 6.8% during the 1st quarter. Swiss National Bank now owns 3,786,924 shares of the company’s stock valued at $218,278,000 after acquiring an additional 241,100 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on MDLZ. JPMorgan Chase & Co. cut their price target on shares of Mondelez International from $72.00 to $71.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Wells Fargo & Company upped their price objective on shares of Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Mondelez International from $58.00 to $60.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Barclays boosted their target price on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Friday, October 16th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $73.00 target price (up from $70.00) on shares of Mondelez International in a research note on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $69.30.
View Our Latest Stock Analysis on MDLZ
Mondelez International News Summary
Here are the key news stories impacting Mondelez International this week:
- Positive Sentiment: Freedom Broker upgraded MDLZ from “hold” to “buy” and set a $71 price target. Other recent reports also raised price targets to $68 and $72, signaling improved analyst expectations. Freedom Broker upgrade Price target raised to $68 Price target raised to $72
- Positive Sentiment: Mondelez reported quarterly EPS of $0.78, topping the $0.71 consensus, and revenue rose 2.3% year over year. Commentary on the results highlighted organic growth, margin expansion and resilience in snack volumes. Investor response to quarterly results
- Positive Sentiment: CEO Dirk Van de Put said snacking demand is strong in emerging markets such as India and Brazil, supporting the company’s international growth opportunity. CEO interview
- Neutral Sentiment: Mondelez’s roughly 24% rally has prompted debate over valuation. UBS described the risk/reward as balanced after the advance, suggesting strong performance may already be reflected in the share price. UBS view on risk and reward
- Negative Sentiment: Despite the EPS beat, quarterly revenue of $9.97 billion was just below the $9.98 billion analyst estimate, a modest sign that sales growth remains a point investors may monitor.
About Mondelez International
Mondelez International, Inc (NASDAQ: MDLZ) is a global snack-food company that develops, manufactures, markets and sells branded products in categories including biscuits, chocolate, baked snacks, cheese and grocery items. Its portfolio includes well-known brands such as Oreo, Ritz, Chips Ahoy!, belVita, CLIF, Cadbury, Milka, Toblerone and Trident.
The company sells its products through retailers, wholesalers, e-commerce channels and other distribution networks. Mondelez serves consumers in more than 150 countries, with operations and brands tailored to markets across North America, Latin America, Europe, Asia, the Middle East and Africa.
Mondelez was formed in 2012 when Kraft Foods separated its global snack-food business from its North American grocery operations.
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