Mondelez International Inc (NASDAQ:MDLZ) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 10,840,000 shares, a decline of 7.6% from the April 30th total of 11,730,000 shares. Based on an average daily volume of 9,370,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.8% of the company’s shares are sold short.
Shares of MDLZ stock traded up $0.42 on Friday, hitting $49.70. The stock had a trading volume of 4,138,907 shares, compared to its average volume of 6,795,827. The firm has a market capitalization of $70.62 billion, a price-to-earnings ratio of 19.49, a P/E/G ratio of 2.98 and a beta of 0.62. The stock’s 50 day moving average is $51.26 and its 200-day moving average is $53.24. 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 has a 52-week low of $41.19 and a 52-week high of $59.96.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, April 28th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. The business had revenue of $6.71 billion during the quarter, compared to the consensus estimate of $6.60 billion. Mondelez International had a net margin of 14.24% and a return on equity of 13.73%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.65 earnings per share. Equities analysts expect that Mondelez International will post 2.55 earnings per share for the current year.
In related news, Director Charles E. Bunch bought 2,000 shares of the stock in a transaction that occurred on Friday, May 1st. The stock was purchased at an average cost of $50.32 per share, for a total transaction of $100,640.00. 1.30% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in MDLZ. Total Clarity Wealth Management Inc. bought a new position in shares of Mondelez International during the 4th quarter valued at about $25,000. Americana Partners LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth approximately $26,000. IndexIQ Advisors LLC purchased a new stake in shares of Mondelez International in the fourth quarter worth approximately $27,000. Marquette Asset Management LLC purchased a new stake in shares of Mondelez International in the first quarter worth approximately $25,000. Finally, Retirement Network purchased a new stake in shares of Mondelez International in the fourth quarter worth approximately $28,000. Hedge funds and other institutional investors own 77.98% of the company’s stock.
A number of research firms recently issued reports on MDLZ. Evercore ISI restated a “buy” rating and issued a $62.00 target price on shares of Mondelez International in a report on Monday, January 27th. BidaskClub downgraded shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Friday. Wells Fargo & Co boosted their price objective on shares of Mondelez International from $65.00 to $68.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 28th. Piper Sandler decreased their price objective on shares of Mondelez International from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Finally, Morgan Stanley boosted their price objective on shares of Mondelez International from $56.00 to $58.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $61.00.
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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