Maurizio Brusadelli Sells 7,381 Shares of Mondelez International Inc (MDLZ) Stock
Mondelez International Inc (NASDAQ:MDLZ) EVP Maurizio Brusadelli sold 7,381 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $43.74, for a total transaction of $322,844.94. Following the completion of the transaction, the executive vice president now directly owns 73,959 shares in the company, valued at $3,234,966.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Mondelez International stock traded down $0.21 during midday trading on Tuesday, hitting $43.50. 510,379 shares of the stock were exchanged, compared to its average volume of 5,607,685. Mondelez International Inc has a fifty-two week low of $37.42 and a fifty-two week high of $46.54. The stock has a market cap of $64.24 billion, a P/E ratio of 20.32, a PEG ratio of 1.98 and a beta of 0.84. The company has a current ratio of 0.55, a quick ratio of 0.37 and a debt-to-equity ratio of 0.59.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, July 25th. The company reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. Mondelez International had a net margin of 11.58% and a return on equity of 13.42%. The firm had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same period last year, the business earned $0.48 earnings per share. Mondelez International’s revenue was up 2.1% compared to the same quarter last year. analysts forecast that Mondelez International Inc will post 2.43 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Quad Cities Investment Group LLC acquired a new stake in Mondelez International during the second quarter worth about $111,000. Kaizen Advisory LLC increased its position in Mondelez International by 131.7% during the second quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock worth $139,000 after purchasing an additional 1,925 shares during the last quarter. Private Capital Group LLC increased its position in shares of Mondelez International by 483.0% during the first quarter. Private Capital Group LLC now owns 3,667 shares of the company’s stock valued at $154,000 after acquiring an additional 3,038 shares during the last quarter. Sun Life Financial INC increased its position in shares of Mondelez International by 1,312.4% during the second quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock valued at $164,000 after acquiring an additional 3,714 shares during the last quarter. Finally, Rockefeller Capital Management L.P. acquired a new stake in shares of Mondelez International during the first quarter valued at about $167,000. Hedge funds and other institutional investors own 74.51% of the company’s stock.
MDLZ has been the topic of several research reports. Consumer Edge downgraded shares of Mondelez International from an “outperform” rating to a “neutral” rating in a research note on Monday, May 21st. BidaskClub raised shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 13th. UBS Group decreased their price target on shares of Mondelez International from $52.00 to $50.00 and set a “buy” rating on the stock in a research note on Wednesday, June 20th. ValuEngine raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, July 14th. Finally, Royal Bank of Canada decreased their price target on shares of Mondelez International to $51.00 and set an “outperform” rating on the stock in a research note on Monday, July 16th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $49.60.
Mondelez International Company Profile
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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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