Mondelez International, Inc. (NASDAQ:MDLZ) Short Interest Update

Mondelez International, Inc. (NASDAQ:MDLZ) was the recipient of a large decline in short interest in the month of April. As of April 15th, there was short interest totalling 11,330,000 shares, a decline of 26.0% from the March 31st total of 15,320,000 shares. Based on an average daily volume of 8,450,000 shares, the short-interest ratio is presently 1.3 days. Currently, 0.9% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MDLZ. StockNews.com cut shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus upped their target price on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, January 25th. JPMorgan Chase & Co. decreased their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft boosted their price target on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, Citigroup decreased their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. One research analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $80.89.

Institutional Investors Weigh In On Mondelez International

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new position in shares of Mondelez International during the fourth quarter valued at $1,231,413,000. Capital Research Global Investors increased its holdings in Mondelez International by 26.9% in the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after purchasing an additional 6,426,928 shares during the period. First Trust Advisors LP raised its position in Mondelez International by 152.3% during the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock worth $298,019,000 after purchasing an additional 2,483,972 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Mondelez International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock worth $2,636,897,000 after buying an additional 1,686,229 shares during the period. Finally, Barclays PLC grew its position in shares of Mondelez International by 48.8% in the 3rd quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock valued at $343,411,000 after buying an additional 1,623,588 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.3 %

Shares of NASDAQ:MDLZ opened at $70.61 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62. Mondelez International has a 52-week low of $60.75 and a 52-week high of $78.59. The company has a market capitalization of $95.07 billion, a PE ratio of 19.45, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56. The company has a fifty day moving average of $70.45 and a 200-day moving average of $70.61.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The business had revenue of $9.31 billion during the quarter, compared to analysts’ expectations of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 EPS. On average, equities analysts predict that Mondelez International will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were paid a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.41%. The ex-dividend date was Wednesday, March 27th. Mondelez International’s dividend payout ratio is currently 46.83%.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.