Insider Selling: Mondelez International (NASDAQ:MDLZ) CEO Sells 129,285 Shares of Stock

Mondelez International, Inc. (NASDAQ:MDLZ) CEO Dirk Van de Put sold 129,285 shares of Mondelez International stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $66.04, for a total transaction of $8,537,981.40. Following the sale, the chief executive officer owned 1,197,203 shares in the company, valued at approximately $79,063,286.12. This represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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, 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 transaction of $8,559,806.40.

Mondelez International Trading Down 1.9%

NASDAQ MDLZ traded down $1.26 on Tuesday, hitting $65.12. The company’s stock had a trading volume of 7,543,686 shares, compared to its average volume of 9,154,528. The company’s 50-day moving average is $61.83 and its 200 day moving average is $60.39. The firm has a market cap of $83.11 billion, a PE ratio of 20.54, a PEG ratio of 2.40 and a beta of 0.38. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $66.65. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.07. The company had revenue of $9.97 billion for the quarter, compared to analyst estimates of $9.98 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. Mondelez International’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 earnings per share. As a group, analysts predict that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

MDLZ has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Friday. Jefferies Financial Group reiterated a “buy” rating and issued a $73.00 target price (up from $70.00) on shares of Mondelez International in a report on Wednesday, July 29th. BTIG Research increased their target price on shares of Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Mondelez International from $58.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. Finally, Freedom Broker upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research report on Friday. Seventeen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $69.30.

Institutional Investors Weigh In On Mondelez International

Several institutional investors and hedge funds have recently made changes to their positions in the business. Miller Global Investments LLC acquired a new stake in Mondelez International in the 3rd quarter valued at $26,000. North Point Portfolio Managers Corp OH acquired a new position in Mondelez International during the third quarter worth $28,000. Compass Financial Management LLC lifted its stake 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 valued at $28,000 after buying an additional 217 shares in the last quarter. Ballast Advisors LLC bought a new position in shares of Mondelez International in the first quarter valued at $34,000. Finally, C M Bidwell & Associates Ltd. bought a new position in shares of Mondelez International in the second quarter valued at $35,000. Institutional investors own 78.32% of the company’s stock.

More Mondelez International News

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 recent reports also raised price targets to $68 and $72, signaling improved analyst expectations. Freedom Broker upgrade Price target raised to $68 Price target raised to $72
• Positive Sentiment: Mondelez reported quarterly EPS of $0.78, topping the $0.71 consensus, and revenue rose 2.3% year over year. Commentary on the results highlighted organic growth, margin expansion and resilience in snack volumes. Investor response to quarterly results
• Positive Sentiment: CEO Dirk Van de Put said snacking demand is strong in emerging markets such as India and Brazil, supporting the company’s international growth opportunity. CEO interview
• Neutral Sentiment: Mondelez’s roughly 24% rally has prompted debate over valuation. UBS described the risk/reward as balanced after the advance, suggesting strong performance may already be reflected in the share price. UBS view on risk and reward
• Negative Sentiment: Despite the EPS beat, quarterly revenue of $9.97 billion was just below the $9.98 billion analyst estimate, a modest sign that sales growth remains a point investors may monitor.

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.