Mondelez International (NASDAQ:MDLZ) CEO Sells $8,559,806.40 in Stock

Mondelez International, Inc. (NASDAQ:MDLZ) CEO De Put Dirk Van sold 133,580 shares of Mondelez International stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $64.08, for a total value of $8,559,806.40. Following the transaction, the chief executive officer directly owned 1,326,488 shares of the company’s stock, valued at approximately $85,001,351.04. This represents a 9.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Mondelez International Price Performance

MDLZ traded up $0.31 during trading on Friday, reaching $64.45. 5,799,435 shares of the stock were exchanged, compared to its average volume of 9,554,488. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The company has a market capitalization of $82.26 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 2.61 and a beta of 0.38. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The business’s 50 day moving average price is $61.19 and its two-hundred day moving average price is $60.08.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The business had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter last year, the business posted $0.73 earnings per share. The business’s revenue for the quarter was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, equities research analysts anticipate that Mondelez International, Inc. will post 3.05 earnings per share for the current year.

Mondelez International Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.2%. This is a boost from Mondelez International’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Wednesday, September 30th. Mondelez International’s payout ratio is currently 76.47%.

Institutional Trading of Mondelez International

Several hedge funds and other institutional investors have recently bought and sold shares of MDLZ. Norges Bank purchased a new stake in Mondelez International during the fourth quarter worth approximately $1,010,020,000. Capital International Investors raised its stake in shares of Mondelez International by 10.7% in the 4th quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after acquiring an additional 8,382,270 shares during the period. Price T Rowe Associates Inc. MD raised its stake in shares of Mondelez International by 12.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after acquiring an additional 3,993,811 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Mondelez International by 72.0% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock valued at $489,299,000 after acquiring an additional 3,803,776 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Mondelez International by 190.3% during the 4th quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock valued at $230,062,000 after acquiring an additional 2,801,689 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MDLZ has been the subject of several research reports. Freedom Capital downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. increased their target price on Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. BNP Paribas Exane raised their price target on Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Barclays boosted their price target on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, Morgan Stanley restated an “overweight” rating on shares of Mondelez International in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Mondelez International has a consensus rating of “Moderate Buy” and a consensus price target of $67.30.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.