Mondelez International Inc (NASDAQ:MDLZ) Short Interest Update

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.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.285 per share. The ex-dividend date is Monday, June 29th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.29%. Mondelez International’s dividend payout ratio (DPR) is 46.15%.

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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