Mondelez International Inc (NASDAQ:MDLZ) Short Interest Down 7.6% in May

Mondelez International Inc (NASDAQ:MDLZ) was the recipient of a large decrease in short interest during the month of May. As of May 15th, there was short interest totalling 10,840,000 shares, a decrease of 7.6% from the April 30th total of 11,730,000 shares. Based on an average daily trading volume, of 9,370,000 shares, the short-interest ratio is presently 1.2 days. Currently, 0.8% of the shares of the stock are short sold.

MDLZ stock traded up $0.42 on Friday, reaching $49.70. The company’s stock had a trading volume of 4,138,907 shares, compared to its average volume of 6,795,827. The business has a fifty day simple moving average of $51.26 and a two-hundred day simple moving average of $53.24. Mondelez International has a 12-month low of $41.19 and a 12-month high of $59.96. The firm has a market cap of $70.62 billion, a PE ratio of 19.49, a PEG ratio of 2.98 and a beta of 0.62. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.39 and a current ratio of 0.53.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.03. Mondelez International had a net margin of 14.24% and a return on equity of 13.73%. The business had revenue of $6.71 billion during the quarter, compared to analyst estimates of $6.60 billion. During the same period in the prior year, the business earned $0.65 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, research analysts anticipate that Mondelez International will post 2.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be paid a $0.285 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Monday, June 29th. Mondelez International’s payout ratio is currently 46.15%.

In related news, Director Charles E. Bunch bought 2,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was bought at an average cost of $50.32 per share, for a total transaction of $100,640.00. 1.30% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of MDLZ. Total Clarity Wealth Management Inc. purchased a new position in shares of Mondelez International during the 4th quarter worth approximately $25,000. Marquette Asset Management LLC bought a new stake in shares of Mondelez International during the first quarter valued at approximately $25,000. NewSquare Capital LLC boosted its position in shares of Mondelez International by 71.5% during the first quarter. NewSquare Capital LLC now owns 506 shares of the company’s stock valued at $25,000 after purchasing an additional 211 shares in the last quarter. Americana Partners LLC purchased a new stake in Mondelez International in the fourth quarter worth $26,000. Finally, IndexIQ Advisors LLC bought a new position in Mondelez International in the fourth quarter worth $27,000. Institutional investors and hedge funds own 77.98% of the company’s stock.

MDLZ has been the topic of a number of analyst reports. Buckingham Research lifted their target price on shares of Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, February 11th. Piper Sandler reduced their price objective on Mondelez International from $59.00 to $58.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 29th. Guggenheim lowered their target price on Mondelez International from $58.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Stifel Nicolaus upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $57.00 price target on the stock in a research report on Monday, March 30th. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Mondelez International in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.00.

Mondelez International Company Profile

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.

See Also: What is a Fibonacci Channel?

Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.