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

Key Points

• CEO Dirk Van de Put sold 108,386 Mondelez shares at an average $68.03, worth about $7.37 million, under a pre-arranged Rule 10b5-1 plan. He retained 1,326,488 shares after the sale, a 7.55% reduction in his position.
• Mondelez reported quarterly EPS of $0.78, beating the $0.71 consensus, while revenue of $9.97 billion was slightly below expectations; revenue rose 2.3% year over year.
• Analysts maintain a Moderate Buy consensus, with an average price target of $69.30. Shares traded at $66.02 in Friday’s mid-day session, down 1.2%.

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) 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 transaction of $7,373,499.58. Following the completion of the transaction, the chief executive officer owned 1,326,488 shares in the company, valued at approximately $90,240,978.64. This trade represents a 7.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 stock was 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 transaction of $8,559,806.40.

Mondelez International Trading Down 1.2%

NASDAQ MDLZ traded down $0.80 during mid-day trading on Friday, hitting $66.02. The company's stock had a trading volume of 7,214,999 shares, compared to its average volume of 9,164,737. Mondelez International, Inc. has a 52-week low of $51.20 and a 52-week high of $68.75. The stock's fifty day simple moving average is $62.00 and its two-hundred day simple moving average is $60.53. 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 firm has a market capitalization of $84.26 billion, a P/E ratio of 20.83, a price-to-earnings-growth ratio of 2.68 and a beta of 0.34.

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

Institutional Investors Weigh In On Mondelez International

Several hedge funds and other institutional investors have recently modified their holdings of MDLZ. Jacobi Capital Management LLC grew its holdings in shares of 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 buying an additional 151 shares during the period. Kintegral Advisory LLC lifted 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 valued at $1,646,000 after purchasing an additional 159 shares in the last quarter. Strategy Asset Managers LLC lifted its holdings in shares of Mondelez International by 2.2% during the 3rd quarter. Strategy Asset Managers LLC now owns 7,505 shares of the company's stock valued at $434,000 after purchasing an additional 160 shares in the last quarter. WealthPlan Investment Management LLC grew its position in shares of 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 purchasing an additional 160 shares during the period. Finally, Principle Wealth Partners LLC grew its position in shares of Mondelez International by 1.9% in the 3rd quarter. Principle Wealth Partners LLC now owns 8,663 shares of the company's stock valued at $501,000 after purchasing an additional 160 shares during the period. Institutional investors own 78.32% of the company's stock.

Analysts Set New Price Targets

MDLZ has been the subject of a number of research reports. Freedom Broker raised shares of Mondelez International from a "hold" rating to a "buy" rating and set a $71.00 price target for the company in a research report on Friday, October 30th. Weiss Ratings reissued a "hold (c)" rating on shares of Mondelez International in a research report on Friday, October 30th. BTIG Research raised their price objective on Mondelez International from $70.00 to $73.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. UBS Group restated a "neutral" rating and set a $72.00 price objective on shares of Mondelez International in a research note on Monday. Finally, TD Cowen upped their target price on Mondelez International from $70.00 to $75.00 and gave the stock a "buy" rating in a research report on Friday, October 30th. 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.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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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