Wall Street analysts expect Mondelez International Inc (NASDAQ:MDLZ) to report earnings of $0.61 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Mondelez International’s earnings, with estimates ranging from $0.59 to $0.63. Mondelez International posted earnings of $0.57 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The company is scheduled to announce its next earnings report after the market closes on Monday, October 29th.
According to Zacks, analysts expect that Mondelez International will report full year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.38 to $2.47. For the next financial year, analysts forecast that the company will post earnings of $2.50 per share, with EPS estimates ranging from $2.46 to $2.55. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Mondelez International.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Wednesday, July 25th. The company reported $0.56 EPS for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. Mondelez International had a return on equity of 13.42% and a net margin of 11.58%. The company had revenue of $6.11 billion for the quarter, compared to the consensus estimate of $6.12 billion. During the same quarter in the previous year, the business earned $0.48 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year.
A number of analysts have recently commented on the company. BidaskClub raised Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, June 23rd. Zacks Investment Research downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 17th. DZ Bank raised Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, July 27th. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $45.00 to $47.00 and gave the stock a “$41.68” rating in a research note on Monday, July 23rd. Finally, ValuEngine downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $49.21.
In other news, EVP Maurizio Brusadelli sold 7,381 shares of the business’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $43.74, for a total transaction of $322,844.94. Following the sale, the executive vice president now directly owns 73,959 shares of the company’s stock, valued at $3,234,966.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel P. Myers sold 27,963 shares of the business’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total value of $1,214,712.72. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in MDLZ. Lindsell Train Ltd grew its holdings in shares of Mondelez International by 9.0% during the second quarter. Lindsell Train Ltd now owns 25,586,008 shares of the company’s stock valued at $1,049,026,000 after buying an additional 2,114,548 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Mondelez International by 10.5% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,910,431 shares of the company’s stock valued at $693,328,000 after buying an additional 1,601,700 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Mondelez International by 6.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,598,435 shares of the company’s stock valued at $188,536,000 after buying an additional 277,287 shares in the last quarter. First Manhattan Co. grew its holdings in shares of Mondelez International by 2.7% during the third quarter. First Manhattan Co. now owns 3,381,143 shares of the company’s stock valued at $145,253,000 after buying an additional 87,903 shares in the last quarter. Finally, Gamco Investors INC. ET AL grew its holdings in shares of Mondelez International by 7.6% during the second quarter. Gamco Investors INC. ET AL now owns 3,295,185 shares of the company’s stock valued at $135,103,000 after buying an additional 233,047 shares in the last quarter. 74.56% of the stock is currently owned by institutional investors.
MDLZ opened at $41.04 on Tuesday. Mondelez International has a one year low of $37.42 and a one year high of $46.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.55. The firm has a market capitalization of $63.00 billion, a PE ratio of 19.34, a PEG ratio of 1.94 and a beta of 0.83.
The business also recently announced a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 28th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Thursday, September 27th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.53%. Mondelez International’s payout ratio is 48.60%.
About Mondelez International
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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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