Mondelez International (NASDAQ:MDLZ) CEO De Put Dirk Van Sells 20,899 Shares of Stock

Key Points

• Mondelez CEO Dirk Van de Put sold 20,899 shares at an average $68.03, for about $1.42 million; the sale was made under a pre-arranged Rule 10b5-1 plan. He retained 1,326,488 shares after the transaction.
• The company reported quarterly EPS of $0.78, beating analyst estimates of $0.71, while revenue of $9.97 billion was slightly below expectations; revenue rose 2.3% year over year.
• Analysts’ consensus rating was Moderate Buy, with a consensus price target of $69.30; shares traded at $66.02 on Friday.

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) CEO Dirk Van de Put sold 20,899 shares of the company's stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $68.03, for a total transaction of $1,421,758.97. Following the completion of the sale, the chief executive officer directly owned 1,326,488 shares in the company, valued at approximately $90,240,978.64. The trade was a 1.55% decrease in their position. The transaction was disclosed in a document filed 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.

De Put Dirk Van also recently made the following trade(s):

• On Wednesday, November 4th, Dirk Van de Put sold 108,386 shares of Mondelez International stock. The stock was sold at an average price of $68.03, for a total transaction of $7,373,499.58.
• On Monday, November 2nd, Dirk Van de Put sold 129,285 shares of Mondelez International stock. The stock was sold at an average price of $66.04, for a total transaction of $8,537,981.40.
• On Wednesday, August 19th, Dirk Van de Put sold 133,580 shares of Mondelez International stock. The shares were sold at an average price of $64.08, for a total value of $8,559,806.40.

Mondelez International Price Performance

NASDAQ MDLZ traded down $0.80 during trading on Friday, reaching $66.02. 7,214,999 shares of the company traded hands, compared to its average volume of 9,164,737. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.42 and a current ratio of 0.62. The stock's 50 day moving average price is $62.00 and its two-hundred day moving average price is $60.53. The company has a market cap of $84.26 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 2.68 and a beta of 0.34. Mondelez International, Inc. has a 1-year low of $51.20 and a 1-year high of $68.75.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last issued its earnings results on Thursday, October 29th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.07. Mondelez International had a return on equity of 14.18% and a net margin of 10.22%. The business had revenue of $9.97 billion during the quarter, compared to analysts' expectations of $9.98 billion. During the same period in the prior year, the firm posted $0.73 EPS. Mondelez International's quarterly revenue was up 2.3% compared to the same quarter last year. As a group, analysts anticipate that Mondelez International, Inc. will post 3.06 EPS for the current year.

Institutional Trading of Mondelez International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jacobi Capital Management LLC lifted its stake in Mondelez International by 0.9% in the 3rd quarter. Jacobi Capital Management LLC now owns 16,819 shares of the company's stock valued at $972,000 after purchasing an additional 151 shares during the last quarter. Kintegral Advisory LLC increased its holdings in shares of Mondelez International by 0.6% during the 3rd quarter. Kintegral Advisory LLC now owns 28,215 shares of the company's stock worth $1,646,000 after acquiring an additional 159 shares during the last quarter. Strategy Asset Managers LLC raised its stake in Mondelez International by 2.2% in the 3rd quarter. Strategy Asset Managers LLC now owns 7,505 shares of the company's stock valued at $434,000 after acquiring an additional 160 shares during the period. WealthPlan Investment Management LLC raised its stake in Mondelez International by 3.2% in the 3rd quarter. WealthPlan Investment Management LLC now owns 5,124 shares of the company's stock valued at $296,000 after acquiring an additional 160 shares during the period. Finally, Principle Wealth Partners LLC lifted its stake in shares of Mondelez International by 1.9% during the 3rd quarter. Principle Wealth Partners LLC now owns 8,663 shares of the company's stock worth $501,000 after buying an additional 160 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on MDLZ shares. UBS Group restated a "neutral" rating and issued a $72.00 target price on shares of Mondelez International in a research note on Monday. HSBC raised their target price on shares of Mondelez International from $71.00 to $72.00 and gave the stock a "buy" rating in a report on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mondelez International in a research note on Friday, October 30th. TD Cowen lifted their target price on Mondelez International from $70.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, October 30th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Mondelez International from $58.00 to $60.00 and gave the stock a "hold" rating in a report on Wednesday, July 29th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Mondelez International has a consensus rating of "Moderate Buy" and a consensus price target of $69.30.

Mondelez International Company 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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