Gerhard W. Pleuhs Sells 40,000 Shares of Mondelez International Inc (NASDAQ:MDLZ) Stock

Mondelez International Inc (NASDAQ:MDLZ) EVP Gerhard W. Pleuhs sold 40,000 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was sold at an average price of $51.57, for a total value of $2,062,800.00. Following the sale, the executive vice president now owns 110,308 shares of the company’s stock, valued at approximately $5,688,583.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NASDAQ:MDLZ traded up $0.09 on Thursday, hitting $51.25. The company had a trading volume of 5,699,500 shares, compared to its average volume of 7,308,847. Mondelez International Inc has a 52-week low of $38.78 and a 52-week high of $52.98. The company has a market capitalization of $73.42 billion, a P/E ratio of 21.09, a P/E/G ratio of 2.69 and a beta of 0.89. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 0.50.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the prior year, the business posted $0.62 earnings per share. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Mondelez International Inc will post 2.49 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.04 annualized dividend and a yield of 2.03%. Mondelez International’s dividend payout ratio (DPR) is presently 42.80%.

MDLZ has been the topic of a number of recent research reports. Credit Suisse Group boosted their target price on Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. UBS Group boosted their target price on Mondelez International to $56.00 and gave the company a “buy” rating in a report on Monday, April 15th. They noted that the move was a valuation call. Piper Jaffray Companies set a $48.00 price objective on Mondelez International and gave the stock a “buy” rating in a report on Friday, April 5th. Finally, ValuEngine raised Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $49.67.

A number of large investors have recently made changes to their positions in the business. Advantage Investment Management LLC lifted its holdings in shares of Mondelez International by 4.3% in the 1st quarter. Advantage Investment Management LLC now owns 4,834 shares of the company’s stock worth $241,000 after purchasing an additional 200 shares during the last quarter. Cornerstone Advisors Inc. increased its position in Mondelez International by 2.4% in the 1st quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock valued at $442,000 after acquiring an additional 207 shares during the period. Braun Bostich & Associates Inc. increased its position in Mondelez International by 28.9% in the 4th quarter. Braun Bostich & Associates Inc. now owns 977 shares of the company’s stock valued at $39,000 after acquiring an additional 219 shares during the period. Smithfield Trust Co. increased its position in Mondelez International by 1.5% in the 1st quarter. Smithfield Trust Co. now owns 14,496 shares of the company’s stock valued at $723,000 after acquiring an additional 221 shares during the period. Finally, Versant Capital Management Inc increased its position in Mondelez International by 13.1% in the 1st quarter. Versant Capital Management Inc now owns 2,015 shares of the company’s stock valued at $100,000 after acquiring an additional 234 shares during the period. Institutional investors own 76.06% of the company’s stock.

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About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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