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.
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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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