Equities analysts expect that Mondelez International Inc (NASDAQ:MDLZ) will post earnings of $0.57 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Mondelez International’s earnings, with the highest EPS estimate coming in at $0.59 and the lowest estimate coming in at $0.54. Mondelez International reported earnings per share of $0.56 in the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The firm is scheduled to issue its next earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that Mondelez International will report full-year earnings of $2.49 per share for the current fiscal year, with EPS estimates ranging from $2.46 to $2.54. For the next year, analysts anticipate that the company will report earnings of $2.70 per share, with EPS estimates ranging from $2.61 to $2.81. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Mondelez International.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 30th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The business had revenue of $6.54 billion during the quarter, compared to analyst estimates of $6.55 billion. During the same period in the previous year, the business earned $0.62 EPS. Mondelez International’s revenue was down 3.4% compared to the same quarter last year.
Several research analysts have commented on the stock. Evercore ISI initiated coverage on shares of Mondelez International in a report on Tuesday. They issued an “outperform” rating and a $62.00 price target for the company. ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. UBS Group boosted their price objective on shares of Mondelez International to $56.00 and gave the company a “buy” rating in a research report on Monday, April 15th. They noted that the move was a valuation call. Credit Suisse Group boosted their price target on shares of Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Finally, BidaskClub upgraded shares of Mondelez International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 16th. One analyst has rated the stock with a sell rating, two have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $50.90.
In related news, EVP Gerhard W. Pleuhs sold 40,000 shares of the stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the transaction, the executive vice president now owns 110,308 shares in the company, valued at $5,688,583.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc increased its holdings in Mondelez International by 0.9% during 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. Ardevora Asset Management LLP acquired a new stake in Mondelez International during the 4th quarter valued at $33,565,000. Pictet & Cie Europe SA increased its holdings in Mondelez International by 101.1% during the 4th quarter. Pictet & Cie Europe SA now owns 209,760 shares of the company’s stock valued at $8,397,000 after purchasing an additional 105,462 shares in the last quarter. Banque Pictet & Cie SA increased its holdings in Mondelez International by 36.8% during the 4th quarter. Banque Pictet & Cie SA now owns 327,019 shares of the company’s stock valued at $13,091,000 after purchasing an additional 87,917 shares in the last quarter. Finally, PICTET BANK & TRUST Ltd increased its holdings in Mondelez International by 10.7% during the 4th quarter. PICTET BANK & TRUST Ltd now owns 49,600 shares of the company’s stock valued at $1,985,000 after purchasing an additional 4,800 shares in the last quarter. 76.04% of the stock is owned by institutional investors and hedge funds.
NASDAQ:MDLZ traded up $0.56 during trading hours on Wednesday, hitting $54.55. The stock had a trading volume of 4,477,761 shares, compared to its average volume of 7,230,124. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33. Mondelez International has a one year low of $38.78 and a one year high of $54.73. The company has a market cap of $77.81 billion, a price-to-earnings ratio of 22.45, a PEG ratio of 2.85 and a beta of 0.82.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.04 dividend on an annualized basis and a yield of 1.91%. Mondelez International’s dividend payout ratio (DPR) is 42.80%.
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; 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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