Investors Purchase Large Volume of Put Options on Mondelez International (NASDAQ:MDLZ)
Mondelez International, Inc. (NASDAQ:MDLZ) saw some unusual options trading on Thursday. Investors purchased 11,119 put options on the company. This is an increase of approximately 244% compared to the typical daily volume of 3,230 put options.
A number of brokerages have issued reports on MDLZ. Morgan Stanley boosted their target price on Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, May 25th. Piper Jaffray Companies began coverage on Mondelez International in a research report on Wednesday, May 24th. They issued a “neutral” rating and a $48.00 target price on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $54.00 target price on shares of Mondelez International in a research report on Monday, May 22nd. BidaskClub lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Finally, TheStreet raised Mondelez International from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $49.84.
Mondelez International (NASDAQ MDLZ) opened at 43.62 on Friday. The firm has a 50-day moving average of $45.61 and a 200 day moving average of $44.68. Mondelez International has a 1-year low of $40.50 and a 1-year high of $47.23. The firm has a market cap of $66.18 billion, a P/E ratio of 39.40 and a beta of 1.19.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, May 2nd. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Mondelez International had a net margin of 6.70% and a return on equity of 11.58%. The business had revenue of $6.41 billion during the quarter, compared to analyst estimates of $6.37 billion. On average, analysts predict that Mondelez International will post $2.11 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 13th. Stockholders of record on Friday, June 30th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Wednesday, June 28th. Mondelez International’s dividend payout ratio (DPR) is presently 68.47%.
In other Mondelez International news, EVP Robin S. Hargrove sold 6,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $657,928.81. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Trian Fund Management, L.P. sold 1,731,410 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $44.71, for a total value of $77,411,341.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised 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. raised 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 acquired a new position in Mondelez International during the fourth quarter valued at approximately $738,621,000. Geode Capital Management LLC raised 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 raised 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. 75.92% of the stock is owned by institutional investors and hedge funds.
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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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