Stock Traders Purchase High Volume of Put Options on Mondelez International (NASDAQ:MDLZ)
Mondelez International, Inc. (NASDAQ:MDLZ) was the recipient of unusually large options trading on Monday. Stock traders bought 9,831 put options on the company. This represents an increase of approximately 186% compared to the typical daily volume of 3,438 put options.
Shares of Mondelez International (NASDAQ:MDLZ) opened at 43.47 on Thursday. Mondelez International has a 52-week low of $40.50 and a 52-week high of $47.23. The company has a market capitalization of $66.03 billion, a PE ratio of 38.23 and a beta of 1.19. The stock has a 50 day moving average price of $43.91 and a 200 day moving average price of $44.52.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.44 EPS. On average, analysts predict that Mondelez International will post $2.12 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.02%. Mondelez International’s payout ratio is presently 66.67%.
In related news, EVP Robin S. Hargrove sold 6,000 shares of the 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 transaction, the executive vice president now owns 14,663 shares in the company, valued at $657,928.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the transaction, the executive vice president now owns 61,651 shares in the company, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Simmons Bank raised its position in Mondelez International by 0.3% in the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock worth $269,000 after buying an additional 20 shares during the last quarter. Parkside Financial Bank & Trust raised its position in Mondelez International by 0.6% in the first quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock worth $162,000 after buying an additional 24 shares during the last quarter. Alpha Windward LLC raised its position in Mondelez International by 0.4% in the first quarter. Alpha Windward LLC now owns 6,091 shares of the company’s stock worth $262,000 after buying an additional 26 shares during the last quarter. Wealth Architects LLC raised its position in Mondelez International by 0.6% in the first quarter. Wealth Architects LLC now owns 4,734 shares of the company’s stock worth $204,000 after buying an additional 29 shares during the last quarter. Finally, Choate Investment Advisors raised its position in Mondelez International by 0.4% in the first quarter. Choate Investment Advisors now owns 10,430 shares of the company’s stock worth $449,000 after buying an additional 41 shares during the last quarter. 76.55% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently commented on MDLZ. Morgan Stanley increased their price objective on Mondelez International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, May 25th. Piper Jaffray Companies initiated coverage on Mondelez International in a report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 price target on the stock. Royal Bank Of Canada reiterated a “buy” rating and set a $54.00 price target on shares of Mondelez International in a report on Monday, May 22nd. BidaskClub downgraded Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, June 13th. Finally, TheStreet upgraded Mondelez International from a “c” rating to a “b-” rating in a report on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $50.33.
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Mondelez International Company Profile
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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