Mondelez International, Inc. (NASDAQ:MDLZ) Expected to Earn Q2 2024 Earnings of $0.80 Per Share

Mondelez International, Inc. (NASDAQ:MDLZ) – DA Davidson issued their Q2 2024 earnings per share estimates for Mondelez International in a research note issued to investors on Monday, May 6th. DA Davidson analyst B. Holland anticipates that the company will post earnings per share of $0.80 for the quarter. The consensus estimate for Mondelez International’s current full-year earnings is $3.50 per share. DA Davidson also issued estimates for Mondelez International’s FY2024 earnings at $3.53 EPS and FY2025 earnings at $3.91 EPS.

MDLZ has been the topic of a number of other reports. JPMorgan Chase & Co. cut their price objective on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Citigroup dropped their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Stifel Nicolaus raised their target price on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. StockNews.com lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Sanford C. Bernstein lifted their price objective on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $80.75.

Mondelez International Stock Up 0.1 %

NASDAQ:MDLZ opened at $69.93 on Tuesday. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. Mondelez International has a twelve month low of $60.75 and a twelve month high of $78.54. The company has a market cap of $94.16 billion, a PE ratio of 22.20, a P/E/G ratio of 2.47 and a beta of 0.55. The company’s 50 day moving average is $70.14 and its two-hundred day moving average is $71.05.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The firm had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS.

Hedge Funds Weigh In On Mondelez International

A number of hedge funds have recently made changes to their positions in MDLZ. Hilltop National Bank acquired a new stake in shares of Mondelez International in the first quarter worth approximately $182,000. Mystic Asset Management Inc. grew its holdings in shares of Mondelez International by 15.8% during the first quarter. Mystic Asset Management Inc. now owns 9,730 shares of the company’s stock worth $681,000 after buying an additional 1,325 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Mondelez International by 233.2% in the first quarter. SG Americas Securities LLC now owns 992,869 shares of the company’s stock valued at $69,501,000 after buying an additional 694,902 shares during the last quarter. Empowered Funds LLC grew its stake in Mondelez International by 72.0% during the 1st quarter. Empowered Funds LLC now owns 105,278 shares of the company’s stock valued at $7,369,000 after acquiring an additional 44,056 shares in the last quarter. Finally, AIA Group Ltd raised its holdings in Mondelez International by 4.9% in the 1st quarter. AIA Group Ltd now owns 51,534 shares of the company’s stock valued at $3,607,000 after acquiring an additional 2,387 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company’s stock.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.