25,831 Mondelez International, Inc. $MDLZ Shares Sold by AIA Group Ltd

Key Points

• AIA Group cut its Mondelez stake by 39% in the third quarter, selling 25,831 shares and retaining 40,404 shares valued at about $2.34 million.
• CEO Dirk Van de Put sold 133,580 shares for approximately $8.56 million under a pre-arranged Rule 10b5-1 plan, reducing his direct ownership by 9.15%.
• Mondelez reported quarterly EPS of $0.78, beating estimates of $0.71, while revenue of $9.97 billion narrowly missed expectations; analysts’ consensus rating was “Moderate Buy,” with an average target of $69.30.

AIA Group Ltd lessened its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 39.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,404 shares of the company's stock after selling 25,831 shares during the period. AIA Group Ltd's holdings in Mondelez International were worth $2,336,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the business. Great Lakes Advisors LLC bought a new stake in shares of Mondelez International during the 2nd quarter worth about $74,341,000. Junto Capital Management LP bought a new position in Mondelez International in the 2nd quarter worth $53,549,000. Dimensional Fund Advisors LP boosted its holdings in Mondelez International by 10.8% during the first quarter. Dimensional Fund Advisors LP now owns 9,435,171 shares of the company's stock valued at $543,900,000 after acquiring an additional 916,235 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Mondelez International in the third quarter worth about $52,335,000. Finally, Wellington Management Group LLP increased its stake in shares of Mondelez International by 179.7% in the second quarter. Wellington Management Group LLP now owns 1,047,680 shares of the company's stock worth $60,598,000 after purchasing an additional 673,098 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Mondelez International news, CEO Dirk Van de Put sold 133,580 shares of the company's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the sale, the chief executive officer directly owned 1,326,488 shares of the company's stock, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. UBS Group reaffirmed a "neutral" rating and set a $72.00 target price on shares of Mondelez International in a research report on Monday. Royal Bank Of Canada restated an "outperform" rating and set a $66.00 price target on shares of Mondelez International in a research note on Monday, October 26th. HSBC increased their price objective on Mondelez International from $71.00 to $72.00 and gave the stock a "buy" rating in a research note on Wednesday, July 29th. BNP Paribas Exane boosted their target price on Mondelez International from $70.00 to $72.00 and gave the stock an "outperform" rating in a report on Friday, October 30th. Finally, TD Cowen increased their price objective on shares of Mondelez International from $70.00 to $75.00 and gave the stock a "buy" rating 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, the stock has a consensus rating of "Moderate Buy" and an average target price of $69.30.

Mondelez International Stock Up 3.5%

Shares of MDLZ stock opened at $67.38 on Thursday. Mondelez International, Inc. has a 12-month low of $51.20 and a 12-month high of $68.14. The company has a quick ratio of 0.42, a current ratio of 0.62 and a debt-to-equity ratio of 0.61. The firm has a fifty day moving average of $61.93 and a 200-day moving average of $60.48. The company has a market capitalization of $86.00 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 2.59 and a beta of 0.34.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Thursday, October 29th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.71 by $0.07. Mondelez International had a net margin of 10.22% and a return on equity of 14.18%. The business 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 company posted $0.73 earnings per share. The firm's revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.06 earnings per share for the current fiscal year.

Mondelez International Company Profile

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.

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