Mondelez International, Inc. (NASDAQ:MDLZ) Short Interest Update

Mondelez International, Inc. (NASDAQ:MDLZ) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 10,780,000 shares, a decrease of 15.5% from the October 31st total of 12,760,000 shares. Currently, 0.8% of the shares of the stock are sold short. Based on an average daily volume of 6,050,000 shares, the short-interest ratio is presently 1.8 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MDLZ shares. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. The Goldman Sachs Group began coverage on Mondelez International in a research note on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Wells Fargo & Company dropped their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating for the company in a report on Wednesday, October 30th. Evercore ISI boosted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Finally, Bank of America raised their price target on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $79.93.

Mondelez International Price Performance

Shares of NASDAQ:MDLZ opened at $64.95 on Monday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market cap of $86.85 billion, a PE ratio of 23.03, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55. The stock’s fifty day simple moving average is $69.04 and its two-hundred day simple moving average is $69.10. Mondelez International has a 1-year low of $63.40 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.82 EPS. As a group, analysts forecast that Mondelez International will post 3.48 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kingsview Wealth Management LLC boosted its position in Mondelez International by 14.3% during the third quarter. Kingsview Wealth Management LLC now owns 114,436 shares of the company’s stock worth $8,430,000 after purchasing an additional 14,278 shares during the period. Daiwa Securities Group Inc. grew its stake in Mondelez International by 11.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 249,067 shares of the company’s stock valued at $18,349,000 after buying an additional 25,833 shares in the last quarter. BDF Gestion bought a new stake in Mondelez International during the 2nd quarter valued at $6,690,000. Harvest Fund Management Co. Ltd lifted its position in shares of Mondelez International by 51.6% during the third quarter. Harvest Fund Management Co. Ltd now owns 61,531 shares of the company’s stock worth $4,532,000 after acquiring an additional 20,942 shares in the last quarter. Finally, RIA Advisory Group LLC purchased a new stake in shares of Mondelez International during the third quarter worth $905,000. 78.32% of the stock is owned by institutional investors.

Mondelez International Company Profile

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.