Short Interest in Mondelez International, Inc. (NASDAQ:MDLZ) Drops By 15.5%

Mondelez International, Inc. (NASDAQ:MDLZ) was the target of a large decrease in short interest in 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. Based on an average trading volume of 6,050,000 shares, the short-interest ratio is currently 1.8 days. Currently, 0.8% of the shares of the stock are sold short.

Institutional Investors Weigh In On Mondelez International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its position in Mondelez International by 224.4% during the 1st quarter. Cetera Investment Advisers now owns 326,976 shares of the company’s stock valued at $22,888,000 after purchasing an additional 226,173 shares during the last quarter. Cetera Advisors LLC lifted its stake in Mondelez International by 102.9% in the first quarter. Cetera Advisors LLC now owns 59,699 shares of the company’s stock worth $4,179,000 after acquiring an additional 30,280 shares during the period. Westwood Holdings Group Inc. bought a new stake in Mondelez International in the first quarter valued at $321,000. Mosaic Family Wealth Partners LLC raised its holdings in Mondelez International by 7.4% in the 1st quarter. Mosaic Family Wealth Partners LLC now owns 4,364 shares of the company’s stock worth $305,000 after purchasing an additional 302 shares in the last quarter. Finally, Keynote Financial Services LLC purchased a new stake in shares of Mondelez International in the 1st quarter worth about $259,000. 78.32% of the stock is currently owned by institutional investors.

Mondelez International Stock Down 0.2 %

Shares of NASDAQ:MDLZ opened at $64.95 on Monday. The stock has a market capitalization of $86.85 billion, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 2.93 and a beta of 0.55. The stock’s 50-day moving average price is $69.04 and its 200-day moving average price is $69.10. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International has a 12-month low of $63.40 and a 12-month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.82 EPS. On average, equities analysts anticipate that Mondelez International will post 3.48 earnings per share for the current year.

Analysts Set New Price Targets

MDLZ has been the subject of several recent analyst reports. Evercore ISI boosted their target price on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Citigroup cut their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Wells Fargo & Company lowered their target price on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. Stifel Nicolaus boosted their price target on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Redburn Atlantic assumed coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.93.

About Mondelez International

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.