Short Interest in Mondelez International Inc. (MDLZ) Rises By 25.2%
Mondelez International Inc. (NASDAQ:MDLZ) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 14,049,573 shares, an increase of 25.2% from the September 15th total of 11,221,031 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 8,418,348 shares, the short-interest ratio is currently 1.7 days.
A number of equities analysts have recently weighed in on MDLZ shares. Credit Suisse Group AG reissued a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research report on Thursday, September 1st. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Susquehanna reaffirmed a “neutral” rating on shares of Mondelez International in a research report on Tuesday, June 21st. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Mondelez International in a research report on Saturday, July 2nd. Finally, Societe Generale lowered shares of Mondelez International from a “buy” rating to a “hold” rating and upped their price target for the stock from $35.88 to $43.94 in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $47.49.
A number of institutional investors have recently modified their holdings of MDLZ. BlueMountain Capital Management LLC acquired a new position in shares of Mondelez International during the second quarter valued at $118,000. Bellwether Investment Group LLC acquired a new position in shares of Mondelez International during the second quarter valued at $129,000. Pinkerton Retirement Specialists LLC raised its position in shares of Mondelez International by 11,676.0% in the second quarter. Pinkerton Retirement Specialists LLC now owns 2,944 shares of the company’s stock valued at $134,000 after buying an additional 2,919 shares during the last quarter. Cable Hill Partners LLC raised its position in shares of Mondelez International by 12.9% in the second quarter. Cable Hill Partners LLC now owns 3,021 shares of the company’s stock valued at $137,000 after buying an additional 346 shares during the last quarter. Finally, Thompson Davis & CO. Inc. raised its position in shares of Mondelez International by 72.3% in the second quarter. Thompson Davis & CO. Inc. now owns 3,260 shares of the company’s stock valued at $148,000 after buying an additional 1,368 shares during the last quarter. 75.91% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International (NASDAQ:MDLZ) opened at 42.05 on Friday. Mondelez International has a 1-year low of $35.88 and a 1-year high of $47.42. The company has a market capitalization of $65.41 billion, a P/E ratio of 8.91 and a beta of 1.02. The firm’s 50-day moving average is $43.18 and its 200-day moving average is $43.58.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $6.30 billion for the quarter, compared to analyst estimates of $6.34 billion. Mondelez International had a net margin of 28.01% and a return on equity of 10.15%. The company’s revenue for the quarter was down 17.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 earnings per share. Equities research analysts predict that Mondelez International will post $1.85 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 13th. Investors of record on Friday, September 30th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Wednesday, September 28th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.17. Mondelez International’s dividend payout ratio (DPR) is presently 16.38%.
Mondelez International Company Profile
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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