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

Mondelez International, Inc. (NASDAQ:MDLZ) CEO Dirk Van de Put sold 20,899 shares of Mondelez International stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $68.03, for a total transaction of $1,421,758.97. Following the completion of the sale, the chief executive officer owned 1,326,488 shares in the company, 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 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, 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 shares were 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 shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40.

Mondelez International Trading Down 1.2%

Shares of Mondelez International stock opened at $66.02 on Friday. The firm has a market cap of $84.26 billion, a price-to-earnings ratio of 20.83, a PEG ratio of 2.63 and a beta of 0.34. The business has a 50-day moving average price of $62.08 and a 200-day moving average price of $60.57. 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.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.07. The firm had revenue of $9.97 billion for the quarter, compared to analysts’ expectations of $9.98 billion. Mondelez International had a return on equity of 14.18% and a net margin of 10.22%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.73 earnings per share. Equities research analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MDLZ shares. Wells Fargo & Company raised their price target on Mondelez International from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Friday, October 30th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $75.00 price objective on shares of Mondelez International in a report on Friday, October 30th. BNP Paribas Exane increased their target price on Mondelez International from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, October 30th. Stifel Nicolaus set a $74.00 target price on Mondelez International in a research report on Friday, October 30th. Finally, UBS Group reissued a “neutral” rating and issued a $72.00 target price on shares of Mondelez International in a report on Monday, November 2nd. Seventeen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $69.30.

Hedge Funds Weigh In On Mondelez International

A number of institutional investors and hedge funds have recently modified their holdings of MDLZ. Deutsche Bank AG increased its position in shares of Mondelez International by 1.1% during the 2nd quarter. Deutsche Bank AG now owns 13,016,006 shares of the company’s stock valued at $752,846,000 after purchasing an additional 140,351 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Mondelez International by 10.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company’s stock valued at $543,900,000 after buying an additional 916,235 shares during the period. Bank of New York Mellon Corp lifted its position in 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 worth $487,522,000 after buying an additional 106,636 shares during the last quarter. Swiss National Bank lifted its position in Mondelez International by 6.8% in the first quarter. Swiss National Bank now owns 3,786,924 shares of the company’s stock worth $218,278,000 after buying an additional 241,100 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position 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 worth $218,472,000 after buying an additional 25,926 shares during the last quarter. Hedge funds and other institutional investors 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.