Mondelez International Inc (NASDAQ:MDLZ) EVP Maurizio Brusadelli Sells 39,882 Shares

Share on StockTwits

Mondelez International Inc (NASDAQ:MDLZ) EVP Maurizio Brusadelli sold 39,882 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the transaction, the executive vice president now owns 85,388 shares in the company, valued at approximately $4,655,353.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of MDLZ traded up $0.40 on Friday, reaching $55.05. The company’s stock had a trading volume of 4,699,010 shares, compared to its average volume of 7,186,237. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33. Mondelez International Inc has a twelve month low of $38.78 and a twelve month high of $55.22. The firm has a market capitalization of $79.30 billion, a PE ratio of 22.65, a P/E/G ratio of 2.88 and a beta of 0.82.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.04. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The company had revenue of $6.54 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter in the prior year, the business posted $0.62 EPS. The firm’s revenue was down 3.4% compared to the same quarter last year. As a group, analysts expect that Mondelez International Inc will post 2.49 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, June 27th. Mondelez International’s dividend payout ratio is currently 42.80%.

Several equities analysts have recently weighed in on MDLZ shares. ValuEngine lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. BidaskClub lowered shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Piper Jaffray Companies set a $48.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Credit Suisse Group upped their target price on shares of Mondelez International from $50.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.90.

Several institutional investors have recently added to or reduced their stakes in the company. Wellington Shields Capital Management LLC boosted its holdings in Mondelez International by 79.2% in the 4th 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 period. National Pension Service boosted its holdings in Mondelez International by 5.6% in the 4th 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 period. First American Trust FSB boosted its holdings in Mondelez International by 9.3% in the 1st 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 period. CIBC Asset Management Inc boosted its holdings in Mondelez International by 4.0% in the 4th 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 period. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in Mondelez International by 0.5% in the 1st 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 period. 76.04% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “Mondelez International Inc (NASDAQ:MDLZ) EVP Maurizio Brusadelli Sells 39,882 Shares” was first reported by Zolmax and is the sole property of of Zolmax. If you are reading this article on another site, it was illegally copied and reposted in violation of U.S. and international copyright and trademark legislation. The correct version of this article can be viewed at https://zolmax.com/investing/mondelez-international-inc-nasdaqmdlz-evp-maurizio-brusadelli-sells-39882-shares/3114446.html.

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.

See Also: What are the risks of holding treasury bonds?

Insider Buying and Selling by Quarter for Mondelez International (NASDAQ:MDLZ)

Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Joseph A. Abbruzzi Sells 3,362 Shares of Lydall, Inc.  Stock
Joseph A. Abbruzzi Sells 3,362 Shares of Lydall, Inc. Stock
Coupa Software Inc  Insider Mark Riggs Sells 626 Shares
Coupa Software Inc Insider Mark Riggs Sells 626 Shares
Insider Buying: Visteon Corp  Director Acquires $107,840.00 in Stock
Insider Buying: Visteon Corp Director Acquires $107,840.00 in Stock
Insider Selling: IPG Photonics Co.  CAO Sells $90,510.75 in Stock
Insider Selling: IPG Photonics Co. CAO Sells $90,510.75 in Stock
Elevate Credit Inc  Major Shareholder Sells $143,992.00 in Stock
Elevate Credit Inc Major Shareholder Sells $143,992.00 in Stock
Insider Selling: ANGI Homeservices Inc  CEO Sells $162,087.84 in Stock
Insider Selling: ANGI Homeservices Inc CEO Sells $162,087.84 in Stock


 
© 2006-2019 Zolmax.