Mondelez International Sees Unusually Large Options Volume (MDLZ)
Mondelez International, Inc. (NASDAQ:MDLZ) was the target of some unusual options trading on Tuesday. Stock investors acquired 3,841 put options on the stock. This represents an increase of 895% compared to the average volume of 386 put options.
Mondelez International (NASDAQ:MDLZ) traded down 0.702% on Tuesday, reaching $44.585. The company’s stock had a trading volume of 2,036,122 shares. Mondelez International has a one year low of $40.50 and a one year high of $47.23. The stock has a 50-day moving average of $45.64 and a 200-day moving average of $44.57. The stock has a market cap of $67.65 billion, a P/E ratio of 40.276 and a beta of 1.17.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, May 2nd. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.50 by $0.03. Mondelez International had a return on equity of 11.58% and a net margin of 6.70%. The firm had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.37 billion. On average, analysts predict that Mondelez International will post $2.11 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 13th. Stockholders of record on Friday, June 30th will be paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Wednesday, June 28th. Mondelez International’s dividend payout ratio (DPR) is currently 68.47%.
A number of equities research analysts have recently commented on MDLZ shares. Goldman Sachs Group, Inc. (The) upgraded Mondelez International from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $52.00 in a research note on Tuesday, April 4th. Deutsche Bank AG upgraded Mondelez International from a “hold” rating to a “buy” rating and lifted their target price for the stock from $49.00 to $51.00 in a research note on Wednesday, May 3rd. TheStreet upgraded Mondelez International from a “c” rating to a “b-” rating in a research note on Wednesday, April 26th. Credit Suisse Group reiterated a “buy” rating and set a $50.00 target price on shares of Mondelez International in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $54.00 target price on shares of Mondelez International in a research note on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $49.34.
In other news, Director Trian Fund Management, L.P. sold 1,731,410 shares of Mondelez International stock in a transaction on Tuesday, May 9th. The stock was sold at an average price of $44.71, for a total transaction of $77,411,341.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Robin S. Hargrove sold 6,000 shares of Mondelez International stock in a transaction on Friday, May 12th. The stock was sold at an average price of $44.87, for a total value of $269,220.00. Following the sale, the executive vice president now owns 14,663 shares in the company, valued at $657,928.81. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Mondelez International by 2.9% in the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after buying an additional 2,720,253 shares during the period. Macquarie Group Ltd. increased its position in Mondelez International by 4.1% in the fourth quarter. Macquarie Group Ltd. now owns 17,352,094 shares of the company’s stock valued at $769,219,000 after buying an additional 681,926 shares during the period. Norges Bank bought a new position in Mondelez International during the fourth quarter valued at approximately $738,621,000. Geode Capital Management LLC increased its position in Mondelez International by 7.2% in the first quarter. Geode Capital Management LLC now owns 15,445,600 shares of the company’s stock valued at $664,480,000 after buying an additional 1,041,124 shares during the period. Finally, Lindsell Train Ltd increased its position in Mondelez International by 23.3% in the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock valued at $624,992,000 after buying an additional 2,740,400 shares during the period. 76.69% of the stock is currently owned by hedge funds and other institutional investors.
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About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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