Mondelez International CEO sells $8.5 million in stock amid institutional shifts

Mondelez International, Inc. (NASDAQ:MDLZ) has seen significant activity regarding its stock ownership from both executives and institutional investors. CEO Dirk Van De Put sold 133,580 shares on August 19th at an average price of $64.08, totaling approximately $8,559,806. This transaction, executed under a pre-arranged Rule 10b5-1 trading plan, reduced his direct ownership by 9.15% to 1,326,488 shares.

Concurrently, several institutional investors have adjusted their positions in the company. Great Lakes Advisors LLC acquired 84,235 shares in the second quarter, valued at roughly $4,872,000. Other firms also increased their stakes, including Sei Investments Co., which grew its position by 15.1% to hold 547,519 shares, and Main Street Financial Solutions LLC, which increased its holdings by 144.9%. Institutional investors and hedge funds collectively own 78.32% of the company's stock.