Investors purchased shares of Mondelez International, Inc. (NASDAQ:MDLZ) on weakness during trading hours on Thursday after an insider sold shares in the company. $95.65 million flowed into the stock on the tick-up and $34.82 million flowed out of the stock on the tick-down, for a money net flow of $60.83 million into the stock. Of all companies tracked, Mondelez International had the 9th highest net in-flow for the day. Mondelez International traded down ($0.44) for the day and closed at $40.68Specifically, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Daniel P. Myers sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares in the company, valued at approximately $858,307.10. The disclosure for this sale can be found here. Company insiders own 3.60% of the company’s stock.

A number of analysts have issued reports on the company. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. UBS AG reissued a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a report on Wednesday, August 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $53.00 price objective (down previously from $54.00) on shares of Mondelez International in a report on Monday, July 31st. Piper Jaffray Companies started coverage on Mondelez International in a report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 price objective on the stock. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $49.00 price objective (down previously from $50.00) on shares of Mondelez International in a report on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $50.33.

The company has a market capitalization of $61.60 billion, a price-to-earnings ratio of 35.94 and a beta of 1.20. The company has a 50-day moving average of $42.45 and a 200-day moving average of $44.03.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.44 earnings per share. Analysts forecast that Mondelez International, Inc. will post $2.12 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.15%. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is currently 66.67%.

A number of large investors have recently modified their holdings of MDLZ. Caisse DE Depot ET Placement DU Quebec grew its position in Mondelez International by 95.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after buying an additional 4,821,400 shares in the last quarter. Bessemer Group Inc. grew its position in Mondelez International by 8,492.9% during the second quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after buying an additional 4,088,329 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Mondelez International by 32.3% during the first quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock worth $538,924,000 after buying an additional 3,056,900 shares in the last quarter. Renaissance Technologies LLC grew its position in Mondelez International by 186.2% during the first quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after buying an additional 2,975,800 shares in the last quarter. Finally, Lindsell Train Ltd grew its position in Mondelez International by 23.3% during the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock worth $624,992,000 after buying an additional 2,740,400 shares in the last quarter. 75.88% of the stock is currently owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Investors Buy Mondelez International, Inc. (MDLZ) on Weakness on Insider Selling” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of U.S. & international copyright law. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/09/16/investors-buy-mondelez-international-inc-mdlz-on-weakness-on-insider-selling.html.

Mondelez International Company Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

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