Mondelez International Inc (NASDAQ:MDLZ) EVP Vinzenz P. Gruber Sells 40,377 Shares

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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.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.285 per share. This represents a $1.14 annualized dividend and a dividend yield of 2.09%. This is an increase from Mondelez International’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, September 27th. Mondelez International’s dividend payout ratio is presently 42.80%.

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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