Mondelez International Inc (NASDAQ:MDLZ) Sees Large Decrease in Short Interest

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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.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were paid a dividend of $0.26 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.90%. Mondelez International’s dividend payout ratio (DPR) is 42.80%.

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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