Mondelez International Inc (NASDAQ:MDLZ) EVP Maurizio Brusadelli sold 39,882 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $54.52, for a total value of $2,174,366.64. Following the completion of the sale, the executive vice president now directly owns 85,388 shares of the company’s stock, valued at approximately $4,655,353.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Mondelez International stock traded up $0.40 during trading hours on Friday, reaching $55.05. 4,712,778 shares of the company were exchanged, compared to its average volume of 6,266,106. The stock has a market capitalization of $79.30 billion, a P/E ratio of 22.65, a PEG ratio of 2.88 and a beta of 0.82. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. Mondelez International Inc has a 12 month low of $38.78 and a 12 month high of $55.22.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.04. The firm had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.55 billion. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.62 earnings per share. Sell-side analysts anticipate that Mondelez International Inc will post 2.49 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Friday, June 28th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.89%. Mondelez International’s payout ratio is currently 42.80%.
Institutional investors have recently made changes to their positions in the business. Wellington Shields Capital Management LLC lifted its holdings in shares of Mondelez International by 79.2% during the fourth quarter. Wellington Shields Capital Management LLC now owns 56,259 shares of the company’s stock worth $2,252,000 after buying an additional 24,873 shares during the last quarter. National Pension Service lifted its holdings in shares of Mondelez International by 5.6% during the fourth quarter. National Pension Service now owns 1,439,587 shares of the company’s stock worth $68,121,000 after buying an additional 76,881 shares during the last quarter. First American Trust FSB lifted its holdings in shares of Mondelez International by 9.3% during the first quarter. First American Trust FSB now owns 125,481 shares of the company’s stock worth $6,264,000 after buying an additional 10,688 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Mondelez International by 4.0% during the fourth quarter. CIBC Asset Management Inc now owns 696,493 shares of the company’s stock worth $27,881,000 after buying an additional 26,529 shares during the last quarter. Finally, Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Mondelez International by 0.5% during the first quarter. Mn Services Vermogensbeheer B.V. now owns 249,975 shares of the company’s stock worth $12,479,000 after buying an additional 1,200 shares during the last quarter. 76.04% of the stock is owned by hedge funds and other institutional investors.
Several brokerages recently commented on MDLZ. Evercore ISI began coverage on Mondelez International in a research note on Tuesday. They issued an “outperform” rating and a $62.00 price target for the company. Credit Suisse Group boosted their price target on Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, April 17th. UBS Group boosted their price target on Mondelez International to $56.00 and gave the company a “buy” rating in a research note on Monday, April 15th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies set a $48.00 price target on Mondelez International and gave the company a “buy” rating in a research note on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $50.90.
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About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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