Mondelez International (NASDAQ:MDLZ) CEO De Put Dirk Van Sells 108,386 Shares of Company Stock

Mondelez International, Inc. (NASDAQ:MDLZ) CEO Dirk Van de Put sold 108,386 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $68.03, for a total transaction of $7,373,499.58. Following the sale, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $90,240,978.64. The trade was a 7.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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 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 value of $8,537,981.40.
• 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 1.2%

Shares of MDLZ traded down $0.80 during midday trading on Friday, hitting $66.02. The stock had a trading volume of 7,214,999 shares, compared to its average volume of 9,164,737. The firm has a market cap of $84.26 billion, a price-to-earnings ratio of 20.83, a price-to-earnings-growth ratio of 2.68 and a beta of 0.34. The company has a 50 day simple moving average of $62.00 and a two-hundred day simple moving average of $60.53. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $68.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.62 and a quick ratio of 0.42.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.07. The company had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.98 billion. Mondelez International had a return on equity of 14.18% and a net margin of 10.22%. Mondelez International’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.73 earnings per share. On average, analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current year.

Institutional Investors Weigh In On Mondelez International

Several large investors have recently made changes to their positions in the stock. Deutsche Bank AG lifted its position in shares of Mondelez International by 1.1% in the second quarter. Deutsche Bank AG now owns 13,016,006 shares of the company’s stock valued at $752,846,000 after buying an additional 140,351 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Mondelez International by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock worth $543,900,000 after acquiring an additional 916,235 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Mondelez International by 1.3% during the 1st quarter. Bank of New York Mellon Corp now owns 8,458,056 shares of the company’s stock worth $487,522,000 after acquiring an additional 106,636 shares during the last quarter. Swiss National Bank raised its stake in Mondelez International by 6.8% in 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. Finally, Envestnet Asset Management Inc. raised its stake in Mondelez International by 0.7% in 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. Institutional investors and hedge funds own 78.32% of the company’s stock.

Analyst Ratings Changes

MDLZ has been the subject of a number of recent research reports. UBS Group reaffirmed a “neutral” rating and set a $72.00 price target on shares of Mondelez International in a research report on Monday. Weiss Ratings reiterated a “hold (c)” rating on shares of Mondelez International in a report on Friday, October 30th. The Goldman Sachs Group reissued a “buy” rating and issued a $75.00 price objective on shares of Mondelez International in a research report on Friday, October 30th. TD Cowen increased their target price on shares of Mondelez International from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Finally, Jefferies Financial Group restated a “buy” rating and set a $73.00 target price (up from $70.00) on shares of Mondelez International in a report on Wednesday, July 29th. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average target price of $69.30.

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.