Key Points
- CEO Dirk Van de Put sold 129,285 shares for about $8.54 million, reducing his stake by 9.75%. The sale was made under a pre-arranged Rule 10b5-1 plan; he still owns roughly 1.2 million shares.
- Mondelez reported quarterly earnings per share of $0.78, ahead of the $0.71 consensus. Revenue was nearly in line with estimates at $9.97 billion and increased 2.3% year over year.
- Analyst sentiment remains broadly positive: 17 analysts rate the stock Buy and 10 Hold, for a “Moderate Buy” consensus and an average price target of $69.30.
Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) CEO Dirk Van de Put sold 129,285 shares of the firm's stock in a transaction on 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 completion of the transaction, the chief executive officer owned 1,197,203 shares of the company's stock, valued at approximately $79,063,286.12. This represents a 9.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Price Performance
Mondelez International stock opened at $65.12 on Wednesday. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 0.61. The firm's 50-day simple moving average is $61.84 and its 200 day simple moving average is $60.43. The firm has a market capitalization of $83.11 billion, a PE ratio of 20.54, a P/E/G ratio of 2.64 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 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $9.98 billion. During the same period last year, the firm posted $0.73 EPS. The firm's revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts predict that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
MDLZ has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an "outperform" rating and set a $66.00 price objective on shares of Mondelez International in a research note on Monday, October 26th. BNP Paribas Exane upped their target price on Mondelez International from $70.00 to $72.00 and gave the company an "outperform" rating in a research note on Friday, October 30th. Stifel Nicolaus set a $74.00 target price on Mondelez International in a research note on Friday. UBS Group reiterated a "neutral" rating and set a $72.00 target price on shares of Mondelez International in a report on Monday. Finally, Barclays raised their price target on Mondelez International from $70.00 to $72.00 and gave the stock an "overweight" rating in a research report on Friday, October 16th. Seventeen investment analysts have rated the stock with a Buy rating and ten have issued 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.
Check Out Our Latest Report on MDLZ
Hedge Funds Weigh In On Mondelez International
Institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG boosted its holdings in shares of 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 purchasing an additional 140,351 shares during the last quarter. Dimensional Fund Advisors LP grew 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 purchasing an additional 916,235 shares during the period. Bank of New York Mellon Corp grew 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 purchasing an additional 106,636 shares during the period. Swiss National Bank increased its stake in 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 purchasing an additional 241,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Mondelez International by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 3,777,181 shares of the company's stock valued at $218,472,000 after purchasing an additional 25,926 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company's stock.
Mondelez International News Roundup
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 reported analyst target increases—to $68 and $72—also point to potential upside. Freedom Broker rating Target raised to $68 Target raised to $72
- Positive Sentiment: Recent quarterly results were resilient: adjusted EPS of $0.78 exceeded the $0.71 consensus, while revenue was nearly in line with estimates and grew 2.3% year over year. Investors may focus on the earnings beat and the company’s growth outlook. Investor response to quarterly results
- Positive Sentiment: A bullish investment case cites volume resilience, margin improvement, global diversification, and an upcoming Oreo refresh; management has also described snacking demand in emerging markets such as India and Brazil as strong. Oreo refresh and volume resilience CEO interview on emerging-market snacking
- Neutral Sentiment: After a substantial recent run, UBS sees the risk/reward as more balanced, suggesting investors may be less inclined to chase the shares at current levels. UBS view on risk and reward
- Negative Sentiment: CEO Dirk Van de Put sold 129,285 shares for about $8.54 million, reducing his position by 9.75%. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still holds about 1.2 million shares, which may temper investor concern. SEC filing on CEO share sale
Mondelez International Company Profile
(
Get Free Report)
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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