Mondelez International Inc (NASDAQ:MDLZ) EVP Hubert Weber sold 10,931 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $43.79, for a total transaction of $478,668.49. Following the transaction, the executive vice president now owns 160,865 shares in the company, valued at $7,044,278.35. The sale was disclosed in a filing with the SEC, which is available through this link.
Mondelez International Inc (NASDAQ:MDLZ) opened at $43.90 on Thursday. The company has a market cap of $65,457.30, a P/E ratio of 20.47, a P/E/G ratio of 1.49 and a beta of 0.92. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31. Mondelez International Inc has a 1 year low of $39.19 and a 1 year high of $47.23.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.01. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.98 billion. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. Mondelez International’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.47 EPS. research analysts anticipate that Mondelez International Inc will post 2.47 earnings per share for the current fiscal year.
Mondelez International declared that its Board of Directors has approved a stock buyback plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.
Several institutional investors have recently made changes to their positions in MDLZ. Bank of Nova Scotia Trust Co. purchased a new position in shares of Mondelez International in the 3rd quarter valued at approximately $113,000. Cerebellum GP LLC purchased a new position in Mondelez International during the 4th quarter worth approximately $127,000. Acrospire Investment Management LLC raised its position in Mondelez International by 1,450.0% during the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after buying an additional 2,900 shares during the last quarter. Taylor Hoffman Wealth Management purchased a new position in Mondelez International during the 4th quarter worth approximately $144,000. Finally, Banco de Sabadell S.A purchased a new position in Mondelez International during the 4th quarter worth approximately $148,000. 76.47% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have issued reports on the stock. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna Bancshares restated a “hold” rating and issued a $48.00 price target on shares of Mondelez International in a report on Tuesday, January 30th. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. Finally, Piper Jaffray Companies restated a “buy” rating and issued a $52.00 price target on shares of Mondelez International in a report on Thursday, February 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Mondelez International currently has an average rating of “Buy” and an average target price of $50.69.
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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