Mondelez International Inc (NASDAQ:MDLZ) saw a significant decrease in short interest in June. As of June 30th, there was short interest totalling 11,655,200 shares, a decrease of 6.4% from the May 30th total of 12,453,500 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average trading volume of 6,230,000 shares, the short-interest ratio is presently 1.9 days.
Shares of MDLZ stock traded up $0.28 on Monday, hitting $54.82. The stock had a trading volume of 137,574 shares, compared to its average volume of 5,533,554. The stock has a market capitalization of $78.56 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 2.88 and a beta of 0.83. The business has a 50 day simple moving average of $53.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33. Mondelez International has a 52-week low of $38.78 and a 52-week high of $55.85.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. During the same period in the prior year, the firm posted $0.62 EPS. The firm’s revenue was down 3.4% compared to the same quarter last year. Sell-side analysts expect that Mondelez International will post 2.49 earnings per share for the current year.
Several equities research analysts have recently issued reports on MDLZ shares. Credit Suisse Group reissued an “outperform” rating and issued a GBX 2,012 ($26.29) price objective on shares of Aston Martin Lagonda Global in a research report on Wednesday, May 1st. UBS Group reissued a “buy” rating and issued a $124.00 price objective on shares of Cie Gnrl des Etblsmnts Michelin SCA in a research report on Monday, April 15th. ValuEngine raised shares of The Western Union from a “sell” rating to a “hold” rating in a research report on Friday, March 22nd. Stifel Nicolaus upped their target price on shares of Mondelez International from $48.00 to $52.00 and gave the company a “hold” rating in a research note on Monday, June 17th. Finally, Piper Jaffray Companies set a $16.00 target price on shares of WPX Energy and gave the company a “buy” rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $51.00.
In other news, EVP Gerhard W. Pleuhs sold 40,000 shares of the stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total value of $2,062,800.00. Following the completion of the sale, the executive vice president now owns 110,308 shares of the company’s stock, valued at $5,688,583.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maurizio Brusadelli sold 39,882 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the completion of the sale, the executive vice president now directly owns 85,388 shares of the company’s stock, valued at approximately $4,655,353.76. The disclosure for this sale can be found here. 1.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of MDLZ. Norges Bank bought a new position in Mondelez International during the 4th quarter valued at $657,626,000. Boston Partners acquired a new stake in shares of Mondelez International during the first quarter worth $355,441,000. Hillhouse Capital Advisors Ltd. acquired a new stake in shares of Mondelez International in the 4th quarter worth about $141,276,000. FMR LLC increased its holdings in shares of Mondelez International by 17.8% in the 1st quarter. FMR LLC now owns 20,048,480 shares of the company’s stock worth $1,000,819,000 after acquiring an additional 3,034,020 shares during the period. Finally, Investec Asset Management LTD increased its holdings in shares of Mondelez International by 1,483.2% in the 1st quarter. Investec Asset Management LTD now owns 3,057,952 shares of the company’s stock worth $152,653,000 after acquiring an additional 2,864,803 shares during the period. Hedge funds and other institutional investors own 75.86% of the company’s stock.
About Mondelez International
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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