Key Points
- CEO Dirk Van de Put sold 108,386 Mondelez shares at an average of $68.03, worth about $7.37 million, under a pre-arranged Rule 10b5-1 trading plan. He retained 1,326,488 shares after the sale.
- Mondelez reported quarterly EPS of $0.78, beating the $0.71 analyst consensus; revenue was $9.97 billion, up 2.3% year over year but slightly below expectations.
- Analysts maintain a Moderate Buy consensus, with an average price target of $69.30; 17 analysts rate the stock Buy and 10 rate it Hold.
Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) CEO Dirk Van de Put sold 20,899 shares of the business's stock in a transaction dated Thursday, November 5th. The stock was sold at an average price of $68.03, for a total transaction of $1,421,758.97. Following the completion of the transaction, the chief executive officer directly owned 1,326,488 shares of the company's stock, valued at approximately $90,240,978.64. This represents a 1.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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 Wednesday, November 4th, Dirk Van de Put sold 108,386 shares of Mondelez International stock. The shares were sold at an average price of $68.03, for a total transaction of $7,373,499.58.
- 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 shares were sold at an average price of $64.08, for a total value of $8,559,806.40.
Mondelez International Stock Performance
Shares of Mondelez International stock opened at $66.02 on Friday. The company has a market capitalization of $84.26 billion, a PE ratio of 20.83, a P/E/G ratio of 2.64 and a beta of 0.34. The company has a 50-day simple moving average of $62.08 and a two-hundred day simple moving average of $60.57. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.62. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $68.75.
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 the consensus estimate of $0.71 by $0.07. The firm had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.98 billion. Mondelez International had a net margin of 10.22% and a return on equity of 14.18%. The business's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 EPS. Research analysts expect that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of MDLZ. Diversified Trust Co grew its stake in Mondelez International by 1.8% in the 3rd quarter. Diversified Trust Co now owns 24,589 shares of the company's stock valued at $1,422,000 after buying an additional 433 shares during the last quarter. Patrick Mauro Investment Advisor INC. raised its position in Mondelez International by 10.1% in the third quarter. Patrick Mauro Investment Advisor INC. now owns 53,969 shares of the company's stock worth $3,120,000 after acquiring an additional 4,956 shares during the period. ICICI Prudential Asset Management Co Ltd raised its holdings in shares of Mondelez International by 9.5% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 181,428 shares of the company's stock valued at $10,490,000 after buying an additional 15,800 shares in the last quarter. Money Concepts Capital Corp boosted its holdings in Mondelez International by 12.0% in the third quarter. Money Concepts Capital Corp now owns 39,780 shares of the company's stock worth $2,300,000 after acquiring an additional 4,276 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of Mondelez International by 19.6% in the third quarter. Allworth Financial LP now owns 449,611 shares of the company's stock valued at $26,006,000 after acquiring an additional 73,705 shares in the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.
Analysts Set New Price Targets
MDLZ has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price target on Mondelez International from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, October 30th. UBS Group reaffirmed a "neutral" rating and issued a $72.00 price objective on shares of Mondelez International in a research note on Monday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Mondelez International from $58.00 to $60.00 and gave the stock a "hold" rating in a research note on Wednesday, July 29th. Barclays increased their target price on shares of Mondelez International from $70.00 to $72.00 and gave the stock an "overweight" rating in a report on Friday, October 16th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $66.00 price objective on shares of Mondelez International in a report on Monday, October 26th. 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, Mondelez International currently has a consensus rating of "Moderate Buy" and a consensus price target of $69.30.
Read Our Latest Research Report on Mondelez International
About Mondelez International
(
Get Free Report)
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.
Further Reading
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