Mondelez International (NASDAQ:MDLZ) CEO Sells $8,537,981.40 in Stock

Mondelez International, Inc. (NASDAQ:MDLZ) CEO Dirk Van de Put sold 129,285 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $66.04, for a total transaction of $8,537,981.40. Following the completion of the sale, the chief executive officer directly owned 1,197,203 shares of the company’s stock, valued at $79,063,286.12. The trade was a 9.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible 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 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 transaction of $8,559,806.40.

Mondelez International Trading Down 0.8%

Shares of NASDAQ MDLZ opened at $66.82 on Friday. The company’s fifty day moving average is $62.00 and its 200-day moving average is $60.53. The stock has a market cap of $85.28 billion, a price-to-earnings ratio of 21.08, a P/E/G ratio of 2.68 and a beta of 0.34. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $68.75. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Thursday, October 29th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.07. The business had revenue of $9.97 billion during the quarter, compared to analysts’ expectations of $9.98 billion. Mondelez International had a net margin of 10.22% and a return on equity of 14.18%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. Equities research analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current year.

Hedge Funds Weigh In On Mondelez International

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Miller Global Investments LLC bought a new position in Mondelez International in the third quarter valued at about $26,000. North Point Portfolio Managers Corp OH bought a new position in shares of Mondelez International in the third quarter worth about $28,000. Compass Financial Management LLC lifted its holdings in shares of Mondelez International by 79.2% in the third quarter. Compass Financial Management LLC now owns 491 shares of the company’s stock worth $28,000 after acquiring an additional 217 shares during the last quarter. Ballast Advisors LLC bought a new position in shares of Mondelez International in the first quarter worth about $34,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Mondelez International in the second quarter worth about $35,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MDLZ has been the subject of several recent analyst reports. UBS Group restated a “neutral” rating and issued a $72.00 price target on shares of Mondelez International in a report on Monday. TD Cowen lifted their price objective on Mondelez International from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday, October 30th. HSBC boosted their price objective on Mondelez International from $71.00 to $72.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Freedom Broker raised Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Friday, October 30th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $75.00 target price on shares of Mondelez International in a research note on Friday, October 30th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus target price of $69.30.

Mondelez International Company Profile

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.