Stock Traders Buy Large Volume of Mondelez International Put Options (MDLZ)
Mondelez International, Inc. (NASDAQ:MDLZ) was the target of unusually large options trading activity on Monday. Investors bought 13,566 put options on the stock. This is an increase of approximately 164% compared to the average daily volume of 5,137 put options.
Mondelez International (NASDAQ MDLZ) opened at 41.02 on Thursday. The firm has a market capitalization of $61.84 billion, a PE ratio of 36.08 and a beta of 1.20. Mondelez International has a 12 month low of $40.04 and a 12 month high of $47.23. The stock has a 50 day moving average of $41.30 and a 200 day moving average of $43.72.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. During the same period last year, the business earned $0.44 earnings per share. Mondelez International’s revenue was down 5.0% compared to the same quarter last year. On average, equities analysts predict that Mondelez International will post $2.12 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be given a $0.22 dividend. 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 2.15%. The ex-dividend date is Thursday, September 28th. Mondelez International’s dividend payout ratio (DPR) is 77.19%.
A number of analysts have issued reports on the stock. Royal Bank Of Canada reissued a “buy” rating and issued a $53.00 price objective on shares of Mondelez International in a report on Tuesday. Piper Jaffray Companies raised shares of Mondelez International from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $48.00 to $49.00 in a report on Tuesday, July 25th. Sanford C. Bernstein reissued an “outperform” rating and issued a $55.00 price objective on shares of Mondelez International in a report on Wednesday, September 20th. UBS AG reissued a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a report on Thursday, July 6th. Finally, BidaskClub downgraded shares of Mondelez International from a “sell” rating to a “strong sell” rating in a report on Friday, June 30th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $50.54.
In related news, EVP Daniel P. Myers sold 7,000 shares of Mondelez International stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the sale, the executive vice president now owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of Mondelez International stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the sale, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The disclosure for this sale can be found here. Insiders own 3.60% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in MDLZ. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Mondelez International by 95.5% in the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock valued at $425,709,000 after acquiring an additional 4,821,400 shares during the period. Bessemer Group Inc. boosted its position in shares of Mondelez International by 8,492.9% in the second quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock valued at $178,655,000 after acquiring an additional 4,088,329 shares during the period. Renaissance Technologies LLC boosted its position in shares of Mondelez International by 186.2% in the first quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock valued at $197,031,000 after acquiring an additional 2,975,800 shares during the period. Lindsell Train Ltd boosted its position in shares of 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 acquiring an additional 2,740,400 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 2,720,253 shares during the period. Institutional investors own 75.84% of the company’s stock.
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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