Zacks: Brokerages Expect Mondelez International, Inc. (MDLZ) to Post $0.54 Earnings Per Share
Wall Street analysts expect Mondelez International, Inc. (NASDAQ:MDLZ) to announce earnings per share (EPS) of $0.54 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Mondelez International’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.57. Mondelez International reported earnings per share of $0.52 during the same quarter last year, which suggests a positive year-over-year growth rate of 3.8%. The business is expected to issue its next quarterly earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Mondelez International will report full-year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.10 to $2.15. For the next fiscal year, analysts forecast that the firm will report earnings of $2.35 per share, with EPS estimates ranging from $2.30 to $2.43. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow Mondelez International.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion for the quarter, compared to analyst estimates of $5.98 billion. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS.
MDLZ has been the topic of several recent analyst reports. Royal Bank Of Canada reiterated a “buy” rating and set a $54.00 price objective on shares of Mondelez International in a research report on Monday, May 22nd. BidaskClub cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. UBS AG reiterated a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research report on Thursday, August 3rd. Finally, Morgan Stanley lifted their price objective on shares of Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, May 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Mondelez International currently has a consensus rating of “Buy” and an average target price of $50.33.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the business’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.60% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of MDLZ. Caisse DE Depot ET Placement DU Quebec boosted its stake in Mondelez International by 95.5% during the first quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after buying an additional 4,821,400 shares during the period. Bessemer Group Inc. boosted its stake in Mondelez International by 8,492.9% during the second quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after buying an additional 4,088,329 shares during the period. Canada Pension Plan Investment Board boosted its stake in Mondelez International by 32.3% during the first quarter. Canada Pension Plan Investment Board now owns 12,509,846 shares of the company’s stock worth $538,924,000 after buying an additional 3,056,900 shares during the period. Renaissance Technologies LLC boosted its stake in Mondelez International by 186.2% during the first quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after buying an additional 2,975,800 shares during the period. Finally, Lindsell Train Ltd boosted its stake in Mondelez International by 23.3% during the first quarter. Lindsell Train Ltd now owns 14,507,710 shares of the company’s stock worth $624,992,000 after buying an additional 2,740,400 shares during the period. 75.88% of the stock is owned by institutional investors.
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Shares of Mondelez International (NASDAQ:MDLZ) traded down 0.81% during trading on Friday, hitting $40.63. 9,829,153 shares of the stock were exchanged. The stock has a market cap of $61.26 billion, a PE ratio of 35.73 and a beta of 1.20. Mondelez International has a 52-week low of $40.22 and a 52-week high of $47.23. The firm has a 50 day moving average of $42.90 and a 200-day moving average of $44.16.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, September 28th. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s payout ratio is currently 66.67%.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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