Mondelez International (NASDAQ:MDLZ) CEO De Put Dirk Van Sells 129,285 Shares of Stock

Mondelez International, Inc. (NASDAQ:MDLZ) CEO Dirk Van de Put sold 129,285 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $66.04, for a total value of $8,537,981.40. Following the transaction, the chief executive officer owned 1,197,203 shares in the company, valued at $79,063,286.12. This trade represents a 9.75% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 stock was sold at an average price of $64.08, for a total value of $8,559,806.40.

Mondelez International Trading Down 1.9%

Shares of NASDAQ MDLZ opened at $65.12 on Wednesday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $66.65. The company has a current ratio of 0.62, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61. The stock has a fifty day simple moving average of $61.84 and a 200-day simple moving average of $60.43. The stock has a market capitalization of $83.11 billion, a PE ratio of 20.54, a PEG 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 return on equity of 14.18% and a net margin of 10.22%. The firm had revenue of $9.97 billion for the quarter, compared to the consensus estimate of $9.98 billion. During the same quarter in the previous year, the business earned $0.73 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, equities analysts forecast that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of MDLZ. Kintegral Advisory LLC lifted its position in shares of Mondelez International by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 28,215 shares of the company’s stock valued at $1,646,000 after acquiring an additional 159 shares during the period. Strategy Asset Managers LLC boosted its stake in shares of Mondelez International by 2.2% during the 3rd quarter. Strategy Asset Managers LLC now owns 7,505 shares of the company’s stock worth $434,000 after acquiring an additional 160 shares in the last quarter. WealthPlan Investment Management LLC grew its holdings in shares of Mondelez International by 3.2% in the 3rd quarter. WealthPlan Investment Management LLC now owns 5,124 shares of the company’s stock worth $296,000 after acquiring an additional 160 shares during the period. Principle Wealth Partners LLC grew its holdings in shares of Mondelez International by 1.9% in the 3rd quarter. Principle Wealth Partners LLC now owns 8,663 shares of the company’s stock worth $501,000 after acquiring an additional 160 shares during the period. Finally, Alps Advisors Inc. grew its holdings in shares of Mondelez International by 0.4% in the 3rd quarter. Alps Advisors Inc. now owns 44,554 shares of the company’s stock worth $2,576,000 after acquiring an additional 161 shares during the period. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on MDLZ. UBS Group reiterated a “neutral” rating and set a $72.00 price target on shares of Mondelez International in a research note on Monday. Freedom Broker raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Friday, October 30th. TD Cowen lifted their price objective on shares of Mondelez International from $70.00 to $75.00 and gave the company a “buy” rating in a report on Friday. BNP Paribas Exane lifted their price objective on shares of Mondelez International from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, October 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $73.00 target price (up from $70.00) on shares of Mondelez International in a research note on Wednesday, July 29th. Seventeen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $69.30.

Key Stories Impacting Mondelez International

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 reported analyst target increases—to $68 and $72—also point to potential upside. Freedom Broker rating Target raised to $68 Target raised to $72
• Positive Sentiment: Recent quarterly results were resilient: adjusted EPS of $0.78 exceeded the $0.71 consensus, while revenue was nearly in line with estimates and grew 2.3% year over year. Investors may focus on the earnings beat and the company’s growth outlook. Investor response to quarterly results
• Positive Sentiment: A bullish investment case cites volume resilience, margin improvement, global diversification, and an upcoming Oreo refresh; management has also described snacking demand in emerging markets such as India and Brazil as strong. Oreo refresh and volume resilience CEO interview on emerging-market snacking
• Neutral Sentiment: After a substantial recent run, UBS sees the risk/reward as more balanced, suggesting investors may be less inclined to chase the shares at current levels. UBS view on risk and reward
• Negative Sentiment: CEO Dirk Van de Put sold 129,285 shares for about $8.54 million, reducing his position by 9.75%. The sale was made under a pre-arranged Rule 10b5-1 plan, and he still holds about 1.2 million shares, which may temper investor concern. SEC filing on CEO share sale

About Mondelez International

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.