Mondelez International Inc (NASDAQ:MDLZ) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 10,797,615 shares, a decline of 11.8% from the February 28th total of 12,241,089 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average daily volume of 7,291,591 shares, the short-interest ratio is presently 1.5 days.
In other news, EVP Vinzenz P. Gruber sold 10,945 shares of Mondelez International stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $45.86, for a total transaction of $501,937.70. Following the completion of the transaction, the executive vice president now directly owns 139,584 shares in the company, valued at $6,401,322.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Maurizio Brusadelli sold 5,495 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $47.27, for a total transaction of $259,748.65. Following the transaction, the executive vice president now owns 78,523 shares in the company, valued at $3,711,782.21. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 72,127 shares of company stock valued at $3,398,519. Insiders own 1.50% of the company’s stock.
Several large investors have recently modified their holdings of the company. Vanguard Group Inc boosted its stake in shares of Mondelez International by 0.9% in the 3rd quarter. Vanguard Group Inc now owns 105,273,083 shares of the company’s stock valued at $4,522,531,000 after purchasing an additional 944,384 shares in the last quarter. BlackRock Inc. boosted its position in Mondelez International by 4.0% during the 4th quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock valued at $3,620,751,000 after buying an additional 3,487,619 shares during the period. Northern Trust Corp boosted its position in Mondelez International by 3.6% during the 4th quarter. Northern Trust Corp now owns 20,893,890 shares of the company’s stock valued at $836,382,000 after buying an additional 723,025 shares during the period. Geode Capital Management LLC boosted its position in Mondelez International by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after buying an additional 1,928,429 shares during the period. Finally, Macquarie Group Ltd. boosted its position in Mondelez International by 1.0% during the 3rd quarter. Macquarie Group Ltd. now owns 18,313,517 shares of the company’s stock valued at $786,748,000 after buying an additional 186,970 shares during the period. 76.85% of the stock is currently owned by hedge funds and other institutional investors.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, January 30th. The company reported $0.63 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.63. The firm had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.77 billion. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 EPS. As a group, equities research analysts expect that Mondelez International will post 2.48 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, March 29th were issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend was Thursday, March 28th. Mondelez International’s payout ratio is 42.80%.
A number of research analysts have weighed in on MDLZ shares. Wells Fargo & Co reiterated a “buy” rating on shares of Mondelez International in a research note on Monday, January 28th. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price target on the stock. in a research report on Thursday, January 24th. Guggenheim began coverage on shares of Mondelez International in a research report on Tuesday, January 22nd. They issued a “buy” rating and a $47.00 price target on the stock. Finally, ValuEngine lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $47.90.
Mondelez International Company Profile
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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