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.
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.
WARNING: This piece was first published by Rockland Register and is owned by of Rockland Register. If you are accessing this piece on another domain, it was illegally stolen and republished in violation of United States and international copyright & trademark laws. The original version of this piece can be viewed at https://rocklandregister.com/2019/05/30/gerhard-w-pleuhs-sells-40000-shares-of-mondelez-international-inc-mdlz-stock.html.
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.
Further Reading: What is the market perform rating?
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.