Mondelez International (NASDAQ:MDLZ) CEO De Put Dirk Van Sells 20,899 Shares of Company Stock

Mondelez International, Inc. (NASDAQ:MDLZ) CEO Dirk Van de Put sold 20,899 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $68.03, for a total value of $1,421,758.97. Following the transaction, the chief executive officer directly owned 1,326,488 shares in the company, valued at $90,240,978.64. The trade was a 1.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available 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, November 4th, Dirk Van de Put sold 108,386 shares of Mondelez International stock. The stock was 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 transaction of $8,537,981.40.
• 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 Price Performance

Shares of MDLZ opened at $66.02 on Friday. 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, Inc. has a twelve month low of $51.20 and a twelve month high of $68.75. The firm has a 50 day moving average of $62.08 and a 200 day moving average of $60.57. The company has a market capitalization of $84.26 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.64 and a beta of 0.34.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) 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 business had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.98 billion. During the same period last year, the firm posted $0.73 earnings per share. The company’s revenue was up 2.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. cut their price objective on Mondelez International from $72.00 to $71.00 and set an “overweight” rating on the stock in a research note on Friday, October 16th. The Goldman Sachs Group restated a “buy” rating and set a $75.00 price objective on shares of Mondelez International in a research report on Friday, October 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $66.00 target price on shares of Mondelez International in a report on Monday, October 26th. TD Cowen lifted their price objective on Mondelez International from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Finally, Wells Fargo & Company raised their price objective on shares of Mondelez International from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $69.30.

Institutional Trading of Mondelez International

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

About Mondelez International

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.