Short Interest in Mondelez International Inc. (MDLZ) Increases By 13.4%
Mondelez International Inc. (NASDAQ:MDLZ) was the target of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 17,212,426 shares, an increase of 13.4% from the October 14th total of 15,174,371 shares. Currently, 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 8,818,350 shares, the days-to-cover ratio is currently 2.0 days.
In other Mondelez International news, Director Lewis W. K. Booth acquired 2,500 shares of the company’s stock in a transaction on Friday, November 11th. The shares were bought at an average cost of $41.61 per share, for a total transaction of $104,025.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Trian Fund Management, L.P. sold 3,800,000 shares of Mondelez International stock in a transaction that occurred on Thursday, November 3rd. The stock was sold at an average price of $44.09, for a total value of $167,542,000.00. Following the sale, the director now owns 13,495 shares in the company, valued at $594,994.55. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Ferguson Wellman Capital Management Inc. raised its stake in 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 period. Waters Parkerson & CO. LLC raised its stake in Mondelez International by 1.6% in the second quarter. Waters Parkerson & CO. LLC now owns 13,438 shares of the company’s stock worth $612,000 after buying an additional 217 shares during the period. Boston Private Wealth LLC raised its stake in Mondelez International by 0.6% in the second quarter. Boston Private Wealth LLC now owns 459,937 shares of the company’s stock worth $20,931,000 after buying an additional 2,627 shares during the period. Natixis raised its stake in 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 period. Finally, Stoneridge Investment Partners LLC raised its stake in 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 period. 76.55% of the stock is owned by institutional investors and hedge funds.
Several research firms have issued reports on MDLZ. Susquehanna restated a “buy” rating and set a $55.00 price objective on shares of Mondelez International in a report on Wednesday, October 26th. RBC Capital Markets restated an “outperform” rating and set a $54.00 price objective (up from $52.00) on shares of Mondelez International in a report on Thursday, July 28th. Credit Suisse Group AG restated an “outperform” rating and set a $51.00 price objective on shares of Mondelez International in a report on Friday, September 9th. Deutsche Bank AG restated a “hold” rating and set a $46.00 price objective on shares of Mondelez International in a report on Thursday, November 10th. Finally, Morgan Stanley lifted their price objective on Mondelez International from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $47.16.
Shares of Mondelez International (NASDAQ:MDLZ) opened at 42.99 on Friday. The company has a market cap of $66.39 billion, a P/E ratio of 82.04 and a beta of 1.11. Mondelez International has a 1-year low of $35.88 and a 1-year high of $46.40. The stock has a 50 day moving average price of $43.05 and a 200-day moving average price of $43.75.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, October 26th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.09. Mondelez International had a return on equity of 10.88% and a net margin of 3.16%. The business earned $6.40 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the firm posted $0.38 EPS. Mondelez International’s quarterly revenue was down 6.6% compared to the same quarter last year. Analysts predict that Mondelez International will post $1.95 earnings per share for the current fiscal year.
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.
Receive News & Stock Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related stocks with our FREE daily email newsletter.