Insider Selling: Mondelez International (NASDAQ:MDLZ) CEO Sells $1,421,758.97 in Stock

Mondelez International, Inc. (NASDAQ:MDLZ) CEO Dirk Van de Put sold 20,899 shares of the stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $68.03, for a total value of $1,421,758.97. Following the sale, the chief executive officer directly owned 1,326,488 shares in the company, valued at $90,240,978.64. This represents a 1.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 value 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 shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40.

Mondelez International Price Performance

Shares of MDLZ stock traded down $0.80 on Friday, hitting $66.02. 7,214,999 shares of the company’s stock were exchanged, compared to its average volume of 9,164,737. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.62 and a quick ratio of 0.42. The stock has a market cap of $84.26 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.68 and a beta of 0.34. Mondelez International, Inc. has a 12 month low of $51.20 and a 12 month high of $68.75. The company has a 50 day moving average of $62.00 and a 200 day moving average of $60.53.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on MDLZ shares. Stifel Nicolaus set a $74.00 price objective on shares of Mondelez International in a research note on Friday, October 30th. BNP Paribas Exane boosted their target price on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “outperform” rating in a research note on Friday, October 30th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Mondelez International from $58.00 to $60.00 and gave the stock a “hold” rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their price target on Mondelez International from $72.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Finally, Freedom Broker raised Mondelez International from a “hold” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Friday, October 30th. Seventeen equities 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, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $69.30.

Institutional Trading of Mondelez International

A number of institutional investors and hedge funds have recently bought and sold shares of MDLZ. Jacobi Capital Management LLC increased its stake in shares of Mondelez International by 0.9% in the third quarter. Jacobi Capital Management LLC now owns 16,819 shares of the company’s stock valued at $972,000 after buying an additional 151 shares during the period. Kintegral Advisory LLC lifted its stake in shares of Mondelez International by 0.6% in the third quarter. Kintegral Advisory LLC now owns 28,215 shares of the company’s stock worth $1,646,000 after acquiring an additional 159 shares during the period. Strategy Asset Managers LLC lifted its stake in shares of Mondelez International by 2.2% in the third quarter. Strategy Asset Managers LLC now owns 7,505 shares of the company’s stock worth $434,000 after acquiring an additional 160 shares during the period. WealthPlan Investment Management LLC boosted its holdings in Mondelez International by 3.2% in the third quarter. WealthPlan Investment Management LLC now owns 5,124 shares of the company’s stock valued at $296,000 after acquiring an additional 160 shares during the last quarter. Finally, Principle Wealth Partners LLC boosted its holdings in Mondelez International by 1.9% in the third quarter. Principle Wealth Partners LLC now owns 8,663 shares of the company’s stock valued at $501,000 after acquiring an additional 160 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Company Profile

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.