Short Interest in Mondelez International, Inc. (MDLZ) Drops By 17.5%

Mondelez International, Inc. (NASDAQ:MDLZ) saw a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 11,933,929 shares, a decrease of 17.5% from the October 13th total of 14,465,253 shares. Based on an average daily trading volume, of 8,102,865 shares, the short-interest ratio is presently 1.5 days. Currently, 0.8% of the shares of the stock are short sold.

In related news, Director Lewis W. K. Booth acquired 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the transaction, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

A number of hedge funds have recently modified their holdings of MDLZ. Banque Pictet & Cie SA boosted its stake in Mondelez International by 90.1% in the second quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock valued at $816,000 after acquiring an additional 8,962 shares in the last quarter. Aberdeen Asset Management PLC UK boosted its stake in Mondelez International by 11.2% in the second quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock valued at $20,093,000 after acquiring an additional 46,992 shares in the last quarter. Vanguard Group Inc. boosted its stake in Mondelez International by 2.9% in the first quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock valued at $4,205,971,000 after acquiring an additional 2,720,253 shares in the last quarter. AQR Capital Management LLC boosted its stake in Mondelez International by 43.9% in the first quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock valued at $18,975,000 after acquiring an additional 134,286 shares in the last quarter. Finally, Engineers Gate Manager LP acquired a new stake in Mondelez International in the second quarter valued at approximately $3,867,000. 76.41% of the stock is currently owned by institutional investors.

Several research analysts have commented on the stock. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a report on Wednesday, August 2nd. UBS AG reaffirmed a “buy” rating and issued a $51.00 price target on shares of Mondelez International in a report on Wednesday, August 9th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $53.00 price target on shares of Mondelez International in a report on Tuesday, October 3rd. BMO Capital Markets reaffirmed a “buy” rating and issued a $48.00 price target on shares of Mondelez International in a report on Thursday, November 2nd. Finally, Buckingham Research lowered their price target on shares of Mondelez International from $50.00 to $47.00 and set a “buy” rating for the company in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International presently has a consensus rating of “Buy” and an average target price of $49.40.

Mondelez International (MDLZ) opened at $42.53 on Wednesday. The stock has a market cap of $62,839.01, a P/E ratio of 20.51, a P/E/G ratio of 1.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. Mondelez International has a 1-year low of $39.19 and a 1-year high of $47.23.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The company had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. Mondelez International’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. equities analysts predict that Mondelez International will post 2.14 EPS for the current year.

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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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