Short Interest in Mondelez International, Inc. (NASDAQ:MDLZ) Decreases By 27.5%
Mondelez International, Inc. (NASDAQ:MDLZ) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 11,530,000 shares, a decrease of 27.5% from the March 31st total of 15,900,000 shares. Based on an average daily trading volume, of 8,150,000 shares, the days-to-cover ratio is presently 1.4 days. Currently, 0.8% of the company’s stock are short sold.
Shares of NASDAQ MDLZ traded down $0.77 during trading on Tuesday, hitting $60.64. 548,121 shares of the company traded hands, compared to its average volume of 8,068,333. Mondelez International has a 1 year low of $48.77 and a 1 year high of $61.87. The company has a 50-day moving average price of $58.92 and a 200-day moving average price of $57.17. The firm has a market capitalization of $85.63 billion, a P/E ratio of 28.17, a P/E/G ratio of 2.91 and a beta of 0.61. The company has a quick ratio of 0.52, a current ratio of 0.74 and a debt-to-equity ratio of 0.70.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 27th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.08. Mondelez International had a net margin of 11.99% and a return on equity of 13.92%. The company had revenue of $7.24 billion during the quarter, compared to analysts’ expectations of $7 billion. During the same period in the previous year, the company earned $0.69 EPS. The business’s quarterly revenue was up 7.9% compared to the same quarter last year. Research analysts predict that Mondelez International will post 2.6 EPS for the current fiscal year.
In related news, EVP Robin S. Hargrove sold 26,628 shares of the stock in a transaction on Friday, February 19th. The stock was sold at an average price of $54.43, for a total value of $1,449,362.04. Following the transaction, the executive vice president now owns 85,611 shares of the company’s stock, valued at $4,659,806.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter W. May sold 1,009,875 shares of the stock in a transaction on Tuesday, February 9th. The shares were sold at an average price of $55.65, for a total value of $56,199,543.75. The disclosure for this sale can be found here. Insiders sold 2,258,915 shares of company stock worth $125,594,725 in the last three months. 1.30% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC lifted its holdings in shares of Mondelez International by 6.3% during the 4th quarter. FMR LLC now owns 18,984,974 shares of the company’s stock valued at $1,110,051,000 after acquiring an additional 1,123,110 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Mondelez International by 5.1% during the 4th quarter. Bank of New York Mellon Corp now owns 16,170,770 shares of the company’s stock valued at $945,504,000 after acquiring an additional 788,873 shares in the last quarter. Norges Bank acquired a new position in shares of Mondelez International during the 4th quarter valued at $850,633,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Mondelez International by 4.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,419,696 shares of the company’s stock valued at $843,081,000 after acquiring an additional 624,707 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Mondelez International by 11.5% during the 4th quarter. Morgan Stanley now owns 11,970,004 shares of the company’s stock valued at $699,886,000 after acquiring an additional 1,234,383 shares in the last quarter. 75.06% of the stock is owned by institutional investors.
Several equities analysts have issued reports on the company. Jefferies Financial Group raised their price objective on Mondelez International from $67.00 to $68.00 and gave the stock a “buy” rating in a report on Tuesday. Morgan Stanley raised their price objective on Mondelez International from $63.00 to $69.00 and gave the stock an “overweight” rating in a report on Tuesday. Royal Bank of Canada raised their price objective on Mondelez International from $66.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday. Credit Suisse Group raised their price objective on Mondelez International from $65.00 to $68.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a report on Wednesday, April 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and fourteen have assigned a buy rating to the company’s stock. Mondelez International currently has a consensus rating of “Buy” and an average target price of $65.13.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
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