A company insider recently sold 30,000,000 shares of Mondelez International Inc. [MDLZ]. Should You Sale?


The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Mondelez International Inc. shares valued at $1,032,600,000 were sold by Mondelez International, Inc. on Feb 27. At $34.42 per share, Mondelez International, Inc. sold 30,000,000 shares. The insider’s holdings dropped to 45,543,005 shares worth approximately $2.98 billion following the completion of this transaction.

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Also, Brusadelli Maurizio sold 20,675 shares, netting a total of over 1,378,609 in proceeds. Following the sale of shares at $66.68 each, the insider now holds 205,081 shares.

Before that, Brusadelli Maurizio had sold 22,388 shares from its account. In a trade valued at $1,512,309, the EVP and President AMEA traded Mondelez International Inc. shares for $67.55 each. Upon closing the transaction, the insider’s holdings decreased to 22,388 shares, worth approximately $0.0.

As published in their initiating research note from Wells Fargo on January 03, 2023, Mondelez International Inc. [MDLZ] has been an Overweight and the price target has been revised to $75. This represents a 12.85% premium over Thursday’s closing price. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in early January. As of December 08, 2022, UBS has decreased its “Buy” rating to a “Neutral” for MDLZ. Earlier on November 15, 2022, Exane BNP Paribas initiated its rating. Their recommendation was “a Neutral” for MDLZ stock.

Analyzing MDLZ Stock Performance

On Thursday, Mondelez International Inc. [NASDAQ: MDLZ] rose 1.82% to $65.36. The stock’s lowest price that day was $64.07, but it reached a high of $65.525 in the same session. During the last five days, there has been a drop of approximately -1.07%. Over the course of the year, Mondelez International Inc. shares have dropped approximately -1.94%. Shares of the company reached a 52-week high of $68.32 on 01/09/23 and a 52-week low of $63.26 on 01/20/23. A 50-day SMA is recorded $65.93, while a 200-day SMA reached $63.16. Nevertheless, trading volume fell to 6.63 million shares from 5.12 million shares the previous day.

Support And Resistance Levels for Mondelez International Inc. (MDLZ)

According to the 24-hour chart, there is a support level at 64.44, which, if violated, would cause prices to drop to 63.53. In the upper region, resistance lies at 65.90. The next price resistance is at 66.44. RSI (Relative Strength Index) is 48.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.84, which suggests the price will decrease in the coming days. Percent R is at 57.38%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Mondelez International Inc. subject to short interest?

Stocks of Mondelez International Inc. saw a sharp steep in short interest on Jan 30, 2023 dropping by -1.23 million shares to 10.62 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 11.85 million shares. A decline of -11.58% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.86 of the overall float, the days-to-cover ratio (short ratio) decline to 1.86.

Which companies own the most shares of Mondelez International Inc. (MDLZ)?

According to The Vanguard Group, Inc. filings, the company currently owns 116,767,501 shares, which is about 8.55% of the total MDLZ shares outstanding. The investor’s shares have appreciated by 1,047,974 from its previous 13-F filing of 115719527.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $4,183,786,645. SSgA Funds Management, Inc. acquire a 0.54% interest valued at $3.99 billion while T. Rowe Price Associates, Inc. purchased a 4,685,244 stake. A total of 399,152 shares of Mondelez International Inc. were bought by Geode Capital Management LLC during the quarter, and -3,479,220 were sold by Wellington Management Co. LLP. In its current portfolio, Fidelity Management & Research Co holds 21,312,988 shares valued at $1.39 billion.

In terms of Mondelez International Inc. share price expectations, FactSet research, analysts set an average price target of $74.88 in the next 12 months, up nearly 16.84% from the previous closing price of $64.19. Analysts anticipate Mondelez International Inc. stock to reach $80.00 by 2023, with the lowest price target being $69.00. On September 14, 2022, Cowen assigned a price target of “an Outperform” to the stock and initiated coverage with a $71.


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