Mondelez International, Inc. (NASDAQ:MDLZ) was the target of unusually large options trading on Monday. Stock traders purchased 13,566 put options on the stock. This is an increase of approximately 164% compared to the typical volume of 5,137 put options.

MDLZ has been the subject of several research reports. Credit Suisse Group reaffirmed a “buy” rating and set a $50.00 price target on shares of Mondelez International in a research note on Tuesday, June 13th. UBS AG reaffirmed a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research note on Thursday, July 6th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $49.00 price target on shares of Mondelez International in a research note on Tuesday, September 19th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Finally, Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $50.54.

Mondelez International (NASDAQ:MDLZ) opened at 41.02 on Thursday. The firm has a market cap of $61.84 billion, a P/E ratio of 36.08 and a beta of 1.20. Mondelez International has a 1-year low of $40.04 and a 1-year high of $47.23. The stock’s 50 day moving average is $41.30 and its 200-day moving average is $43.72.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion during 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 business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.44 EPS. Analysts forecast that Mondelez International will post $2.12 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be paid a $0.22 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a yield of 2.15%. The ex-dividend date is Thursday, September 28th. Mondelez International’s dividend payout ratio is currently 77.19%.

In other news, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the transaction, the executive vice president now owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction 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 transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC raised its stake in shares of Mondelez International by 637.3% during the 1st quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after purchasing an additional 1,963 shares in the last quarter. V Wealth Management LLC purchased a new stake in shares of Mondelez International during the 2nd quarter worth about $116,000. Acrospire Investment Management LLC raised its stake in shares of Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after purchasing an additional 2,900 shares in the last quarter. Assetmark Inc. raised its stake in shares of Mondelez International by 13.5% during the 1st quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after purchasing an additional 401 shares in the last quarter. Finally, Chicago Partners Investment Group LLC raised its stake in shares of Mondelez International by 2,056.3% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after purchasing an additional 3,434 shares in the last quarter. 75.84% of the stock is owned by institutional investors.

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About Mondelez International

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.

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