Mondelez International, Inc. (NASDAQ:MDLZ) – Piper Sandler boosted their Q3 2021 earnings per share estimates for Mondelez International in a report issued on Sunday, January 10th. Piper Sandler analyst M. Lavery now expects that the company will post earnings of $0.74 per share for the quarter, up from their prior forecast of $0.73. Piper Sandler currently has a “Overweight” rating and a $66.00 target price on the stock. Piper Sandler also issued estimates for Mondelez International’s Q4 2021 earnings at $0.76 EPS and FY2021 earnings at $2.83 EPS.
A number of other analysts have also recently issued reports on MDLZ. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on Mondelez International in a report on Wednesday, November 18th. They set a “buy” rating and a $68.00 target price for the company. Jefferies Financial Group boosted their price target on Mondelez International from $62.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Investment Research lowered Mondelez International from a “hold” rating to a “sell” rating and set a $58.00 price target on the stock. in a research report on Thursday, November 5th. JPMorgan Chase & Co. boosted their price target on Mondelez International from $62.00 to $66.00 in a research report on Tuesday, November 17th. Finally, Morgan Stanley reduced their price target on Mondelez International from $65.00 to $63.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 3rd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and seventeen have assigned a buy rating to the company. Mondelez International presently has an average rating of “Buy” and an average price target of $63.11.
Shares of NASDAQ:MDLZ opened at $57.37 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.52 and a current ratio of 0.74. Mondelez International has a 1 year low of $41.19 and a 1 year high of $60.00. The stock has a market capitalization of $82.05 billion, a P/E ratio of 26.32, a PEG ratio of 3.24 and a beta of 0.60. The stock has a 50-day simple moving average of $57.91 and a 200-day simple moving average of $56.32.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, November 2nd. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.01. Mondelez International had a return on equity of 13.92% and a net margin of 11.99%. The business had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.48 billion. During the same quarter in the previous year, the business earned $0.64 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis.
Mondelez International declared that its Board of Directors has authorized a stock buyback plan on Wednesday, December 2nd that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the company to reacquire up to 4.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 14th. Investors of record on Thursday, December 31st will be given a dividend of $0.315 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Wednesday, December 30th. Mondelez International’s dividend payout ratio is currently 51.01%.
In related news, Director Patrick Siewert acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, December 8th. The stock was purchased at an average cost of $58.42 per share, for a total transaction of $116,840.00. Following the purchase, the director now directly owns 37,750 shares in the company, valued at $2,205,355. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Vinzenz P. Gruber sold 49,719 shares of the company’s stock in a transaction on Thursday, December 3rd. The stock was sold at an average price of $58.62, for a total value of $2,914,527.78. Following the transaction, the executive vice president now owns 132,647 shares of the company’s stock, valued at $7,775,767.14. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of MDLZ. NuWave Investment Management LLC grew its stake in Mondelez International by 73.3% during the 4th quarter. NuWave Investment Management LLC now owns 572 shares of the company’s stock worth $33,000 after buying an additional 242 shares during the last quarter. Holloway Wealth Management LLC bought a new position in Mondelez International during the 3rd quarter worth $34,000. Baron Financial Group LLC bought a new position in Mondelez International during the 3rd quarter worth $37,000. ELM Advisors LLC bought a new position in shares of Mondelez International in the fourth quarter worth $44,000. Finally, Summit X LLC bought a new position in shares of Mondelez International in the third quarter worth $46,000. Hedge funds and other institutional investors own 67.37% of the company’s stock.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells 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.
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