Share on StockTwits

Mondelez International (NASDAQ:MDLZ) SVP James Kehoe unloaded 24,777 shares of the company’s stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $38.16, for a total value of $945,490.32. Following the completion of the sale, the senior vice president now directly owns 108,631 shares in the company, valued at approximately $4,145,359. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of Mondelez International (NASDAQ:MDLZ) traded down 0.42% during mid-day trading on Monday, hitting $38.07. 4,101,125 shares of the company’s stock traded hands. Mondelez International has a 1-year low of $28.22 and a 1-year high of $38.47. The stock has a 50-day moving average of $36.80 and a 200-day moving average of $34.89. The company has a market cap of $64.394 billion and a price-to-earnings ratio of 19.19.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Wednesday, May 7th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.05. The company had revenue of $8.64 billion for the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter last year, the company posted $0.34 earnings per share. Mondelez International’s revenue was down 1.2% compared to the same quarter last year. On average, analysts predict that Mondelez International will post $1.73 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, July 14th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Thursday, June 26th.

Several analysts have recently commented on the stock. Analysts at Societe Generale raised their price target on shares of Mondelez International from $36.00 to $40.00 in a research note on Monday, May 19th. Separately, analysts at Morgan Stanley raised their price target on shares of Mondelez International from $37.00 to $42.00 in a research note on Wednesday, May 14th. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Mondelez International in a research note on Thursday, May 8th. They now have a $40.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. Mondelez International presently has a consensus rating of “Hold” and an average target price of $36.75.

Mondelez International, Inc (NASDAQ:MDLZ), is a snack manufacturing company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.