Mondelez International, Inc. (MDLZ) EVP Sells $286,580.00 in Stock
Mondelez International, Inc. (NASDAQ:MDLZ) EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the transaction, the executive vice president now directly owns 20,965 shares in the company, valued at approximately $858,307.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Mondelez International, Inc. (NASDAQ MDLZ) traded down 1.12% during mid-day trading on Thursday, hitting $40.66. The stock had a trading volume of 8,554,695 shares. The stock has a market cap of $61.30 billion, a PE ratio of 35.76 and a beta of 1.20. The firm’s 50-day moving average is $42.55 and its 200 day moving average is $44.05. Mondelez International, Inc. has a one year low of $40.22 and a one year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. Equities research analysts expect that Mondelez International, Inc. will post $2.12 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 12th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.16%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio (DPR) is 66.67%.
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A number of brokerages have weighed in on MDLZ. Piper Jaffray Companies raised Mondelez International from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $48.00 to $49.00 in a research note on Tuesday, July 25th. Royal Bank Of Canada reissued a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. UBS AG reissued a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research note on Thursday, July 6th. BidaskClub lowered Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a $49.00 price target (down previously from $50.00) on shares of Mondelez International in a research note on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. Mondelez International has an average rating of “Buy” and a consensus price target of $50.33.
Several large investors have recently modified their holdings of the business. Simmons Bank boosted its stake in shares of Mondelez International by 0.3% during the 1st quarter. Simmons Bank now owns 6,265 shares of the company’s stock valued at $269,000 after buying an additional 20 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Mondelez International by 0.6% during the 1st quarter. Parkside Financial Bank & Trust now owns 3,765 shares of the company’s stock valued at $162,000 after buying an additional 24 shares during the period. Wealth Architects LLC boosted its stake in shares of Mondelez International by 0.6% during the 1st quarter. Wealth Architects LLC now owns 4,734 shares of the company’s stock valued at $204,000 after buying an additional 29 shares during the period. Northwest Quadrant Wealth Management LLC boosted its stake in shares of Mondelez International by 0.4% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $309,000 after buying an additional 30 shares during the period. Finally, Dorsey & Whitney Trust CO LLC boosted its stake in shares of Mondelez International by 0.4% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock valued at $447,000 after buying an additional 38 shares during the period. 75.88% of the stock is owned by institutional investors.
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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