Mondelez International Sees Significant Increase in Short Interest (MDLZ)
Shares of Mondelez International (NASDAQ:MDLZ) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 18,170,774 shares, an increase of 13.2% from the March 31st total of 16,051,819 shares, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 9,049,507 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.1% of the company’s shares are sold short.
A number of analysts have recently weighed in on MDLZ shares. Analysts at Nomura initiated coverage on shares of Mondelez International in a research note on Tuesday, April 8th. They set a “reduce” rating and a $31.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Mondelez International in a research note on Tuesday, April 8th. They now have a $36.00 price target on the stock. Finally, analysts at Citigroup Inc. raised their price target on shares of Mondelez International from $39.00 to $40.00 in a research note on Tuesday, March 25th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $35.53.
Shares of Mondelez International (NASDAQ:MDLZ) opened at 35.65 on Thursday. Mondelez International has a 52 week low of $28.22 and a 52 week high of $36.12. The stock’s 50-day moving average is $34.65 and its 200-day moving average is $34.07. The company has a market cap of $60.640 billion and a price-to-earnings ratio of 16.29.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 11th. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.56. The company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. Analysts expect that Mondelez International will post $1.71 EPS for the current fiscal year.
Mondelez International, Inc (NASDAQ:MDLZ), is a snack manufacturing company.
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