Short Interest in Mondelez International Inc. (MDLZ) Grows By 25.2%
Mondelez International Inc. (NASDAQ:MDLZ) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totalling 14,049,573 shares, a growth of 25.2% from the September 15th total of 11,221,031 shares. Currently, 0.9% of the shares of the stock are short sold. Based on an average daily volume of 8,418,348 shares, the days-to-cover ratio is currently 1.7 days.
Several analysts recently issued reports on MDLZ shares. Susquehanna reissued a “neutral” rating on shares of Mondelez International in a research note on Tuesday, June 21st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Mondelez International in a research note on Saturday, July 2nd. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Wednesday, July 13th. BMO Capital Markets reissued an “outperform” rating on shares of Mondelez International in a research note on Friday, July 15th. Finally, Societe Generale downgraded Mondelez International from a “buy” rating to a “hold” rating and lifted their target price for the company from $35.88 to $43.94 in a research note on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $47.49.
A number of institutional investors have recently added to or reduced their stakes in MDLZ. Ferguson Wellman Capital Management Inc. boosted its position in shares of Mondelez International by 6,669.6% in the second quarter. Ferguson Wellman Capital Management Inc. now owns 508,399 shares of the company’s stock worth $23,137,000 after buying an additional 500,889 shares during the last quarter. Natixis boosted its position in shares of Mondelez International by 42.8% in the first quarter. Natixis now owns 1,405,515 shares of the company’s stock worth $56,390,000 after buying an additional 420,987 shares during the last quarter. Stoneridge Investment Partners LLC boosted its position in shares of Mondelez International by 44.5% in the second quarter. Stoneridge Investment Partners LLC now owns 269,963 shares of the company’s stock worth $12,286,000 after buying an additional 83,154 shares during the last quarter. Clarkston Capital Partners LLC boosted its position in shares of Mondelez International by 7.4% in the second quarter. Clarkston Capital Partners LLC now owns 415,280 shares of the company’s stock worth $18,899,000 after buying an additional 28,444 shares during the last quarter. Finally, AMP Capital Investors Ltd boosted its position in shares of Mondelez International by 15.0% in the first quarter. AMP Capital Investors Ltd now owns 879,064 shares of the company’s stock worth $35,564,000 after buying an additional 114,787 shares during the last quarter. 75.91% of the stock is owned by institutional investors.
Shares of Mondelez International (NASDAQ:MDLZ) opened at 42.41 on Thursday. The company has a market capitalization of $65.97 billion, a price-to-earnings ratio of 8.99 and a beta of 1.02. Mondelez International has a 52 week low of $35.88 and a 52 week high of $47.42. The company’s 50 day moving average price is $43.24 and its 200-day moving average price is $43.57.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company earned $6.30 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. Mondelez International’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. Analysts anticipate that Mondelez International will post $1.85 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be issued a $0.19 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.17. The ex-dividend date is Wednesday, September 28th. This represents a $0.76 dividend on an annualized basis and a yield of 1.79%. Mondelez International’s dividend payout ratio is presently 16.38%.
About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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