Mondelez International, Inc. $MDLZ Shares Sold by Villere ST Denis J & Co. LLC

Key Points

• Villere ST Denis J & Co. cut its Mondelez stake by 12.1% in the third quarter, selling 33,410 shares and retaining 243,721 shares valued at about $14.1 million.
• CEO Dirk Van de Put sold 133,580 shares for approximately $8.56 million under a pre-arranged trading plan; company insiders sold 392,150 shares worth about $25.9 million over the prior 90 days.
• Mondelez reported quarterly EPS of $0.78, beating the $0.71 consensus, while revenue of $9.97 billion was slightly below expectations. Analysts’ consensus rating was Moderate Buy, with an average price target of $69.30.

Villere ST Denis J & Co. LLC lowered its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 12.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 243,721 shares of the company's stock after selling 33,410 shares during the period. Villere ST Denis J & Co. LLC's holdings in Mondelez International were worth $14,092,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of MDLZ. Miller Global Investments LLC bought a new position in Mondelez International during the 3rd quarter worth approximately $26,000. North Point Portfolio Managers Corp OH bought a new position in shares of Mondelez International during the third quarter worth $28,000. Compass Financial Management LLC grew its holdings in shares of Mondelez International by 79.2% in the 3rd quarter. Compass Financial Management LLC now owns 491 shares of the company's stock valued at $28,000 after buying an additional 217 shares during the period. Ballast Advisors LLC bought a new stake in shares of Mondelez International in the 1st quarter valued at $34,000. Finally, C M Bidwell & Associates Ltd. acquired a new stake in Mondelez International during the 2nd quarter worth $35,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Mondelez International

In related news, CEO Dirk Van de Put sold 133,580 shares of the business's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total transaction of $8,559,806.40. Following the transaction, the chief executive officer directly owned 1,326,488 shares of the company's stock, valued at approximately $85,001,351.04. The trade was a 9.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 392,150 shares of company stock worth $25,893,046. Insiders own 0.45% of the company's stock.

Analyst Ratings Changes

MDLZ has been the subject of a number of research analyst reports. Jefferies Financial Group reissued a "buy" rating and issued a $73.00 target price (up from $70.00) on shares of Mondelez International in a research note on Wednesday, July 29th. Freedom Broker upgraded Mondelez International from a "hold" rating to a "buy" rating and set a $71.00 price objective for the company in a research report on Friday, October 30th. UBS Group reissued a "neutral" rating and set a $72.00 target price on shares of Mondelez International in a research note on Monday, November 2nd. BTIG Research raised their target price on shares of Mondelez International from $70.00 to $73.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mondelez International in a research note on Friday, October 30th. Seventeen analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $69.30.

Mondelez International Stock Up 0.6%

Mondelez International stock opened at $66.44 on Tuesday. 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 company's 50-day moving average is $62.16 and its 200-day moving average is $60.62. The firm has a market capitalization of $84.80 billion, a PE ratio of 20.96, a P/E/G ratio of 2.68 and a beta of 0.34. Mondelez International, Inc. has a fifty-two week low of $51.20 and a fifty-two week high of $68.75.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last posted its quarterly 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. The business 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%. Mondelez International's quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.73 earnings per share. Sell-side analysts anticipate that Mondelez International, Inc. will post 3.06 earnings per share for the current year.

Mondelez International 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.

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