Short Interest in Mondelez International Inc. (MDLZ) Grows By 25.2%
Mondelez International Inc. (NASDAQ:MDLZ) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 14,049,573 shares, a growth of 25.2% from the September 15th total of 11,221,031 shares. Approximately 0.9% of the shares of the stock are sold short. Based on an average trading volume of 8,418,348 shares, the days-to-cover ratio is presently 1.7 days.
Shares of Mondelez International (NASDAQ:MDLZ) opened at 42.41 on Thursday. The stock has a 50 day moving average price of $43.24 and a 200 day moving average price of $43.57. Mondelez International has a 52 week low of $35.88 and a 52 week high of $47.42. The firm has a market capitalization of $65.97 billion, a PE ratio of 8.99 and a beta of 1.02.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.04. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. The firm earned $6.30 billion during the quarter, compared to the consensus estimate of $6.34 billion. During the same period in the previous year, the firm posted $0.47 EPS. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. Equities analysts forecast that Mondelez International will post $1.85 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Friday, September 30th will be given a dividend of $0.19 per share. This is an increase from Mondelez International’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Wednesday, September 28th. Mondelez International’s payout ratio is currently 16.38%.
MDLZ has been the subject of a number of research analyst reports. Credit Suisse Group AG reissued a “buy” rating and set a $51.00 target price on shares of Mondelez International in a report on Thursday, September 1st. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Susquehanna reissued a “neutral” rating on shares of Mondelez International in a report on Tuesday, June 21st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Mondelez International in a report on Saturday, July 2nd. Finally, Societe Generale cut Mondelez International from a “buy” rating to a “hold” rating and increased their target price for the company from $35.88 to $43.94 in a report on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $47.49.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of Mondelez International by 1.1% in the second quarter. Vanguard Group Inc. now owns 91,285,945 shares of the company’s stock valued at $4,154,422,000 after buying an additional 1,011,043 shares in the last quarter. State Street Corp increased its position in shares of Mondelez International by 0.6% in the first quarter. State Street Corp now owns 63,453,955 shares of the company’s stock valued at $2,545,781,000 after buying an additional 365,120 shares in the last quarter. FMR LLC increased its position in shares of Mondelez International by 1.5% in the second quarter. FMR LLC now owns 27,803,139 shares of the company’s stock valued at $1,265,321,000 after buying an additional 408,006 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Mondelez International by 0.8% in the second quarter. Macquarie Group Ltd. now owns 16,256,406 shares of the company’s stock valued at $739,829,000 after buying an additional 128,759 shares in the last quarter. Finally, BlackRock Group LTD increased its position in shares of Mondelez International by 0.9% in the second quarter. BlackRock Group LTD now owns 14,136,592 shares of the company’s stock valued at $643,356,000 after buying an additional 122,586 shares in the last quarter. Hedge funds and other institutional investors own 75.91% of the company’s stock.
About Mondelez International
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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