Mondelez International Inc (MDLZ) Short Interest Update

Mondelez International Inc (NASDAQ:MDLZ) was the target of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 14,164,515 shares, an increase of 39.4% from the January 12th total of 10,161,101 shares. Based on an average daily trading volume, of 8,504,377 shares, the days-to-cover ratio is currently 1.7 days. Currently, 1.0% of the company’s shares are short sold.

Mondelez International (NASDAQ MDLZ) traded down $0.54 during mid-day trading on Friday, reaching $42.14. The company had a trading volume of 13,963,920 shares, compared to its average volume of 9,441,397. Mondelez International has a one year low of $39.19 and a one year high of $47.23. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50. The company has a market cap of $62,720.00, a price-to-earnings ratio of 21.99, a PEG ratio of 1.49 and a beta of 0.92.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The company had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same quarter last year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. equities research analysts predict that Mondelez International will post 2.47 earnings per share for the current year.

Mondelez International declared that its board has authorized a share buyback plan on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Investors of record on Friday, December 29th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend was Thursday, December 28th. Mondelez International’s dividend payout ratio (DPR) is presently 46.07%.

Several research firms have weighed in on MDLZ. Morgan Stanley increased their price objective on Mondelez International from $49.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Bank of America increased their price objective on Mondelez International from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Thursday, February 1st. Societe Generale upgraded Mondelez International from a “hold” rating to a “buy” rating and increased their price objective for the stock from $45.00 to $55.00 in a report on Friday, February 2nd. Piper Jaffray Companies reiterated a “buy” rating and issued a $52.00 price objective on shares of Mondelez International in a report on Thursday, February 1st. Finally, Barclays reiterated a “buy” rating and issued a $50.00 price objective on shares of Mondelez International in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $50.69.

A number of hedge funds have recently bought and sold shares of the stock. Northwest Quadrant Wealth Management LLC increased its position in Mondelez International by 0.4% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock valued at $309,000 after buying an additional 30 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its stake in Mondelez International by 0.4% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock valued at $447,000 after purchasing an additional 38 shares during the last quarter. Linscomb & Williams Inc. boosted its stake in Mondelez International by 0.3% during the 2nd quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock valued at $580,000 after purchasing an additional 39 shares during the last quarter. Allen Investment Management LLC boosted its stake in Mondelez International by 0.3% during the 2nd quarter. Allen Investment Management LLC now owns 18,186 shares of the company’s stock valued at $785,000 after purchasing an additional 49 shares during the last quarter. Finally, Frontier Wealth Management LLC boosted its stake in Mondelez International by 0.3% during the 2nd quarter. Frontier Wealth Management LLC now owns 23,190 shares of the company’s stock valued at $1,002,000 after purchasing an additional 75 shares during the last quarter. 76.11% of the stock is owned by institutional investors.

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Mondelez International Company Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

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