Mondelez International, Inc. (NASDAQ:MDLZ – Get Free Report) CEO Dirk Van de Put sold 108,386 shares of the stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $68.03, for a total transaction of $7,373,499.58. Following the completion of the transaction, the chief executive officer owned 1,326,488 shares in the company, valued at $90,240,978.64. This represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 Thursday, November 5th, Dirk Van de Put sold 20,899 shares of Mondelez International stock. The stock was sold at an average price of $68.03, for a total transaction of $1,421,758.97.
- On Monday, November 2nd, Dirk Van de Put sold 129,285 shares of Mondelez International stock. The stock was sold at an average price of $66.04, for a total transaction of $8,537,981.40.
- On Wednesday, August 19th, Dirk Van de Put sold 133,580 shares of Mondelez International stock. The shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40.
Mondelez International Stock Performance
Shares of Mondelez International stock opened at $66.02 on Monday. The company has a fifty day simple moving average of $62.08 and a 200-day simple moving average of $60.57. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $68.75. The company has a current ratio of 0.62, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The stock has a market cap of $84.26 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.63 and a beta of 0.34.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its 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 net margin of 10.22% and a return on equity of 14.18%. The firm had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.98 billion. During the same period last year, the firm posted $0.73 EPS. The company’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts forecast that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.
Analysts Set New Price Targets
MDLZ has been the subject of several research reports. JPMorgan Chase & Co. reduced their target price on Mondelez International from $72.00 to $71.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Weiss Ratings restated a “hold (c)” rating on shares of Mondelez International in a research note on Friday, October 30th. BTIG Research lifted their price target on Mondelez International from $70.00 to $73.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. HSBC lifted their price target on Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a research report on Wednesday, July 29th. Finally, Freedom Broker upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Friday, October 30th. Seventeen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $69.30.
Get Our Latest Research Report on Mondelez International
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Deutsche Bank AG increased its position 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of 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 in the last quarter. Bank of New York Mellon Corp lifted its position in shares of 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 in the last quarter. Swiss National Bank lifted its position in shares of Mondelez International by 6.8% in the first 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 in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Mondelez International by 0.7% during the second 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 last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.
Mondelez International Company Profile
Mondelez International, Inc is a global snacking company that makes and markets biscuits, chocolate, candy, gum and other snack products. Its brands include Oreo, Ritz, LU, belVita, Cadbury, Milka, Toblerone and Sour Patch Kids.
The company sells its products in countries around the world, with a particularly strong presence in Europe and emerging markets. Mondelez was created in 2012 when Kraft Foods separated its international snacks business from its North American grocery business.
Dirk Van de Put has served as Mondelez’s chairman and chief executive officer since 2017.
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