Stock Traders Purchase High Volume of Put Options on Mondelez International (MDLZ)

Mondelez International, Inc. (NASDAQ:MDLZ) was the recipient of some unusual options trading on Monday. Stock investors bought 9,831 put options on the company. This is an increase of 186% compared to the average volume of 3,438 put options.

Shares of Mondelez International (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 stock’s 50 day moving average price is $44.09 and its 200-day moving average price is $44.53. The company has a market capitalization of $66.03 billion, a P/E ratio of 38.23 and a beta of 1.19.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The firm had revenue of $5.99 billion during the quarter, compared to analyst estimates of $5.98 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue was down 5.0% compared to the same quarter last year. On average, equities analysts expect that Mondelez International will post $2.12 earnings per share for the current year.

The company also recently declared 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 annualized dividend and a yield of 2.02%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s payout ratio is 66.67%.

A number of research analysts have commented on MDLZ shares. TheStreet raised Mondelez International from a “c” rating to a “b-” rating in a report on Wednesday, April 26th. UBS AG reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a report on Thursday, July 6th. Credit Suisse Group reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a report on Tuesday, June 13th. Deutsche Bank AG raised Mondelez International from a “hold” rating to a “buy” rating and upped their price objective for the company from $49.00 to $51.00 in a report on Wednesday, May 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and issued a $54.00 price objective on shares of Mondelez International in a report on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $50.33.

In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction 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 transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robin S. Hargrove sold 6,000 shares of the company’s stock in a transaction on Friday, May 12th. The shares were sold at an average price of $44.87, for a total value of $269,220.00. Following the completion of the transaction, the executive vice president now directly owns 14,663 shares in the company, valued at $657,928.81. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

A number of large investors have recently modified their holdings of the company. Alpha Windward LLC raised its stake in shares of Mondelez International by 0.4% in the first quarter. Alpha Windward LLC now owns 6,091 shares of the company’s stock valued at $262,000 after buying an additional 26 shares during the period. TNB Financial purchased a new stake in shares of Mondelez International during the first quarter valued at about $243,000. Adirondack Trust Co. raised its stake in shares of Mondelez International by 2.0% in the first quarter. Adirondack Trust Co. now owns 2,330 shares of the company’s stock valued at $100,000 after buying an additional 45 shares during the period. First National Bank of Omaha raised its stake in shares of Mondelez International by 15.9% in the first quarter. First National Bank of Omaha now owns 10,952 shares of the company’s stock valued at $472,000 after buying an additional 1,500 shares during the period. Finally, Highland Capital Management LLC raised its stake in shares of Mondelez International by 68.0% in the first quarter. Highland Capital Management LLC now owns 241,671 shares of the company’s stock valued at $10,411,000 after buying an additional 97,840 shares during the period. 76.55% of the stock is owned by hedge funds and other institutional investors.

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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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