Mondelez International Short Interest Down 27.5% in May (MDLZ)
Shares of Mondelez International (NASDAQ:MDLZ) were the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 14,053,885 shares, a drop of 27.5% from the April 30th total of 19,377,570 shares, AnalystRatingsNetwork reports. Based on an average daily volume of 9,804,069 shares, the days-to-cover ratio is presently 1.4 days. Approximately 0.8% of the shares of the stock are short sold.
A number of analysts have recently weighed in on MDLZ shares. Analysts at Societe Generale raised their price target on shares of Mondelez International from $36.00 to $40.00 in a research note on Monday, May 19th. Separately, 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, May 14th. They now have an “overweight” rating on the stock. Finally, 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. Two research analysts have rated the stock with a sell rating, six have issued 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 $36.75.
Mondelez International (NASDAQ:MDLZ) opened at 37.77 on Tuesday. Mondelez International has a 52-week low of $28.22 and a 52-week high of $38.47. The stock has a 50-day moving average of $36.44 and a 200-day moving average of $34.7. The company has a market cap of $63.887 billion and a price-to-earnings ratio of 18.89.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data 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. Analysts expect that Mondelez International will post $1.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, July 14th. Investors of record on Monday, June 30th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Thursday, June 26th.
Mondelez International, Inc (NASDAQ:MDLZ), is a snack manufacturing company.
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