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.
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.
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