Mondelez International Inc (NASDAQ:MDLZ) EVP Vinzenz P. Gruber sold 40,377 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $56.68, for a total value of $2,288,568.36. Following the completion of the sale, the executive vice president now owns 112,137 shares in the company, valued at approximately $6,355,925.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
NASDAQ MDLZ opened at $54.51 on Thursday. The stock has a market capitalization of $78.37 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 2.96 and a beta of 0.82. The stock has a 50-day moving average of $54.61 and a 200 day moving average of $52.23. The company has a current ratio of 0.44, a quick ratio of 0.29 and a debt-to-equity ratio of 0.47. Mondelez International Inc has a twelve month low of $38.78 and a twelve month high of $56.72.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.57 EPS for the quarter, meeting the consensus estimate of $0.57. The company had revenue of $6.06 billion for the quarter, compared to analyst estimates of $6.03 billion. Mondelez International had a return on equity of 14.07% and a net margin of 14.57%. Mondelez International’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company earned $0.56 earnings per share. Equities analysts predict that Mondelez International Inc will post 2.48 EPS for the current fiscal year.
Several large investors have recently made changes to their positions in MDLZ. Princeton Global Asset Management LLC raised its position in shares of Mondelez International by 2.5% during the 2nd quarter. Princeton Global Asset Management LLC now owns 14,724 shares of the company’s stock worth $794,000 after purchasing an additional 360 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Mondelez International in the 2nd quarter worth about $1,865,000. Hancock Whitney Corp purchased a new stake in Mondelez International during the 2nd quarter worth approximately $287,000. Rehmann Capital Advisory Group increased its stake in Mondelez International by 11.2% during the 2nd quarter. Rehmann Capital Advisory Group now owns 10,710 shares of the company’s stock worth $577,000 after buying an additional 1,079 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its stake in Mondelez International by 31.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 11,541 shares of the company’s stock worth $622,000 after buying an additional 2,771 shares in the last quarter. Hedge funds and other institutional investors own 76.56% of the company’s stock.
Several research analysts recently weighed in on MDLZ shares. Wells Fargo & Co lifted their price target on Mondelez International from $60.00 to $65.00 and gave the company a “positive” rating in a research report on Tuesday, July 23rd. Evercore ISI assumed coverage on Mondelez International in a report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price target for the company. Morgan Stanley upgraded Mondelez International from an “equal weight” rating to an “overweight” rating and set a $62.00 price objective on the stock in a research report on Wednesday, August 7th. BidaskClub raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Saturday, August 10th. Finally, ValuEngine raised shares of Mondelez International from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company’s stock. Mondelez International has an average rating of “Buy” and a consensus target price of $57.50.
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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