Mondelez International, Inc. (NASDAQ:MDLZ) Short Interest Down 26.0% in April

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 11,330,000 shares, a decline of 26.0% from the March 31st total of 15,320,000 shares. Currently, 0.9% of the company's shares are short sold. Based on an average daily trading volume, of 8,450,000 shares, the days-to-cover ratio is currently 1.3 days.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Mondelez International from $82.00 to $76.00 and set an "overweight" rating on the stock in a research report on Friday, April 12th. Stifel Nicolaus boosted their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the company a "buy" rating in a research report on Thursday, January 25th. Citigroup reduced their price objective on shares of Mondelez International from $87.00 to $84.00 and set a "buy" rating on the stock in a research report on Thursday, April 11th. Barclays reduced their price objective on shares of Mondelez International from $84.00 to $80.00 and set an "overweight" rating on the stock in a research report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Mondelez International from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Thursday, January 18th. One equities research 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, Mondelez International presently has an average rating of "Moderate Buy" and a consensus target price of $80.89.

Hedge Funds Weigh In On Mondelez International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NORTHSTAR ASSET MANAGEMENT Co LLC lifted its stake in Mondelez International by 0.8% during the 1st quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 32,639 shares of the company's stock valued at $2,285,000 after acquiring an additional 250 shares during the period. Conning Inc. increased its position in shares of Mondelez International by 12.3% during the 1st quarter. Conning Inc. now owns 538,716 shares of the company's stock valued at $37,637,000 after purchasing an additional 59,156 shares during the last quarter. Foster Victor Wealth Advisors LLC increased its position in shares of Mondelez International by 4.9% during the 1st quarter. Foster Victor Wealth Advisors LLC now owns 72,503 shares of the company's stock valued at $4,842,000 after purchasing an additional 3,413 shares during the last quarter. Sterling Investment Counsel LLC increased its position in shares of Mondelez International by 10.1% during the 1st quarter. Sterling Investment Counsel LLC now owns 6,990 shares of the company's stock valued at $489,000 after purchasing an additional 644 shares during the last quarter. Finally, UMB Bank n.a. increased its position in shares of Mondelez International by 18.7% during the 1st quarter. UMB Bank n.a. now owns 134,285 shares of the company's stock valued at $9,400,000 after purchasing an additional 21,196 shares during the last quarter. Institutional investors own 78.32% of the company's stock.

Mondelez International Stock Down 0.3 %

Mondelez International stock traded down $0.19 during mid-day trading on Friday, reaching $70.61. The stock had a trading volume of 7,145,125 shares, compared to its average volume of 9,491,838. The company has a market capitalization of $95.07 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.46 and a beta of 0.56. The company has a 50-day moving average price of $70.45 and a two-hundred day moving average price of $70.66. Mondelez International has a one year low of $60.75 and a one year high of $78.59. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.62 and a quick ratio of 0.43.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. The company had revenue of $9.31 billion for the quarter, compared to analysts' expectations of $9.31 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. Mondelez International's revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 EPS. On average, analysts expect that Mondelez International will post 3.52 EPS for the current fiscal year.

Mondelez International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.41%. The ex-dividend date was Wednesday, March 27th. Mondelez International's dividend payout ratio is currently 46.83%.

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.