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.
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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