FY2017 EPS Estimates for Mondelez International, Inc. (MDLZ) Raised by Analyst
Mondelez International, Inc. (NASDAQ:MDLZ) – Equities research analysts at Gabelli upped their FY2017 earnings estimates for shares of Mondelez International in a research note issued to investors on Tuesday. Gabelli analyst S. Donnelly now forecasts that the company will earn $2.15 per share for the year, up from their previous forecast of $2.10. Gabelli also issued estimates for Mondelez International’s FY2019 earnings at $2.55 EPS.
A number of other brokerages have also weighed in on MDLZ. Royal Bank Of Canada restated an “outperform” rating and set a $53.00 target price (down previously from $54.00) on shares of Mondelez International in a research report on Monday, July 31st. Piper Jaffray Companies upgraded shares of Mondelez International from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $48.00 to $49.00 in a research report on Tuesday, July 25th. UBS AG restated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research report on Wednesday, August 9th. Susquehanna Bancshares Inc restated a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Finally, Morgan Stanley decreased their price target on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a research note on Friday, October 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.40.
COPYRIGHT VIOLATION WARNING: This report was reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/11/02/fy2017-eps-estimates-for-mondelez-international-inc-mdlz-raised-by-analyst.html. Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The business had revenue of $6.53 billion for the quarter, compared to analysts’ expectations of $6.45 billion. During the same period in the prior year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year.
Several institutional investors and hedge funds have recently made changes to their positions in MDLZ. Banque Pictet & Cie SA grew its holdings in Mondelez International by 90.1% during the 2nd quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock worth $816,000 after acquiring an additional 8,962 shares in the last quarter. Aberdeen Asset Management PLC UK grew its holdings in Mondelez International by 11.2% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock worth $20,093,000 after acquiring an additional 46,992 shares in the last quarter. Vanguard Group Inc. grew its holdings in Mondelez International by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after acquiring an additional 2,720,253 shares in the last quarter. AQR Capital Management LLC grew its holdings in Mondelez International by 43.9% during the 1st quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock worth $18,975,000 after acquiring an additional 134,286 shares in the last quarter. Finally, Sustainable Growth Advisers LP grew its holdings in Mondelez International by 20.8% during the 2nd quarter. Sustainable Growth Advisers LP now owns 6,697,816 shares of the company’s stock worth $289,279,000 after acquiring an additional 1,151,730 shares in the last quarter. 75.42% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Maurizio Brusadelli sold 6,248 shares of the 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 of the company’s stock, valued at $2,697,847.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the sale, the executive vice president now directly owns 20,965 shares in the company, valued at approximately $858,307.10. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were paid a $0.22 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.12%. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio is currently 61.11%.
About Mondelez International
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.
Receive News & Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.