Mondelez International (NASDAQ:MDLZ) CEO De Put Dirk Van Sells 108,386 Shares of Stock

Mondelez International, Inc. (NASDAQ:MDLZ) CEO Dirk Van de Put sold 108,386 shares of Mondelez International stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $68.03, for a total value of $7,373,499.58. Following the completion of the transaction, the chief executive officer owned 1,326,488 shares of the company’s stock, valued at approximately $90,240,978.64. This trade represents a 7.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 Thursday, November 5th, Dirk Van de Put sold 20,899 shares of Mondelez International stock. The stock was sold at an average price of $68.03, for a total value of $1,421,758.97.
• On Monday, November 2nd, Dirk Van de Put sold 129,285 shares of Mondelez International stock. The shares were sold at an average price of $66.04, for a total value of $8,537,981.40.
• 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 Stock Performance

NASDAQ:MDLZ opened at $66.02 on Friday. Mondelez International, Inc. has a twelve month low of $51.20 and a twelve month high of $68.75. The company has a market cap of $84.26 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.64 and a beta of 0.34. The company’s 50-day moving average price is $62.08 and its 200-day moving average price is $60.57. The company has a current ratio of 0.62, a quick ratio of 0.42 and a debt-to-equity ratio of 0.61.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MDLZ. Baird Financial Group Inc. grew its stake in shares of Mondelez International by 5.1% during the second quarter. Baird Financial Group Inc. now owns 354,894 shares of the company’s stock worth $20,527,000 after acquiring an additional 17,248 shares during the last quarter. First Trust Advisors LP raised its holdings in Mondelez International by 10.1% in the first quarter. First Trust Advisors LP now owns 1,131,640 shares of the company’s stock valued at $65,228,000 after buying an additional 103,778 shares during the period. Ethic Inc. boosted its position in Mondelez International by 21.5% during the 2nd quarter. Ethic Inc. now owns 235,350 shares of the company’s stock valued at $13,613,000 after purchasing an additional 41,601 shares during the period. Amundi raised its stake in Mondelez International by 18.0% during the 1st quarter. Amundi now owns 3,243,030 shares of the company’s stock valued at $186,928,000 after purchasing an additional 494,996 shares during the period. Finally, National Pension Service grew its position in Mondelez International by 1.8% during the second quarter. National Pension Service now owns 3,464,597 shares of the company’s stock worth $200,392,000 after buying an additional 60,973 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MDLZ shares. Royal Bank Of Canada reiterated an “outperform” rating and issued a $66.00 price target on shares of Mondelez International in a research note on Monday, October 26th. BTIG Research raised their price target on Mondelez International from $70.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, July 29th. BNP Paribas Exane boosted their price target on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “outperform” rating in a report on Friday, October 30th. JPMorgan Chase & Co. reduced their price target on shares of Mondelez International from $72.00 to $71.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Finally, HSBC lifted their price target on shares of Mondelez International from $71.00 to $72.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.30.

About Mondelez International

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.