Short Interest in Mondelez International Declines By 20.7% (MDLZ)
Mondelez International (NASDAQ:MDLZ) was the recipient of a large decline in short interest in August. As of August 15th, there was short interest totalling 10,523,306 shares, a decline of 20.7% from the July 31st total of 13,274,868 shares, AR Network reports. Based on an average daily volume of 8,022,301 shares, the short-interest ratio is currently 1.3 days. Currently, 0.6% of the shares of the stock are short sold.
In other Mondelez International news, EVP Jean E. Spence sold 55,885 shares of the company’s stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $35.90, for a total transaction of $2,006,271.50. The sale was disclosed in a legal filing with the SEC, which is available at this link.
MDLZ has been the subject of a number of recent research reports. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Mondelez International in a research note on Thursday, August 7th. They now have a $43.00 price target on the stock, down previously from $44.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Mondelez International in a research note on Thursday, August 7th. They now have a $37.00 price target on the stock. Finally, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Mondelez International in a research note on Thursday, August 7th. They now have a $39.00 price target on the stock, down previously from $41.00. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $37.44.
Shares of Mondelez International (NASDAQ:MDLZ) opened at 36.19 on Tuesday. Mondelez International has a 52 week low of $30.05 and a 52 week high of $39.54. The stock has a 50-day moving average of $36.81 and a 200-day moving average of $36.13. The company has a market cap of $61.012 billion and a price-to-earnings ratio of 17.78.
Mondelez International (NASDAQ:MDLZ) last released its earnings data on Wednesday, August 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. The company had revenue of $8.44 billion for the quarter, compared to the consensus estimate of $8.65 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, analysts predict that Mondelez International will post $1.68 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 14th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, September 26th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.14.
Mondelez International, Inc (NASDAQ:MDLZ) is a snack manufacturing company.
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