Short Interest in Mondelez International Rises By 6.6% (MDLZ)
Mondelez International (NASDAQ:MDLZ) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 19,377,570 shares, a growth of 6.6% from the April 15th total of 18,170,774 shares, Analyst Ratings Network.com reports. Based on an average daily trading volume, of 8,439,654 shares, the days-to-cover ratio is presently 2.3 days. Approximately 1.1% of the shares of the company are sold short.
A number of analysts have recently weighed in on MDLZ shares. Analysts at Morgan Stanley raised their price target on shares of Mondelez International from $37.00 to $42.00 in a research note on Wednesday. They now have an “overweight” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Mondelez International in a research note on Thursday, May 8th. They now have a $40.00 price target on the stock. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Mondelez International in a research note on Thursday, May 8th. They now have a $44.00 price target on the stock, up previously from $37.00. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. Mondelez International currently has an average rating of “Hold” and an average target price of $36.38.
Mondelez International (NASDAQ:MDLZ) opened at 37.60 on Thursday. Mondelez International has a 52 week low of $28.22 and a 52 week high of $38.47. The stock’s 50-day moving average is $35.39 and its 200-day moving average is $34.40. The company has a market cap of $64.070 billion and a price-to-earnings ratio of 19.00.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.34 by $0.05. The company had revenue of $8.64 billion for the quarter, compared to the consensus estimate of $8.64 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was down 1.2% on a year-over-year basis. On average, analysts predict that Mondelez International will post $1.72 earnings per share for the current fiscal year.
Mondelez International, Inc (NASDAQ:MDLZ), is a snack manufacturing company.
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