Mondelez International Inc (NASDAQ:MDLZ) Expected to Announce Earnings of $0.56 Per Share

Wall Street brokerages forecast that Mondelez International Inc (NASDAQ:MDLZ) will report earnings per share of $0.56 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Mondelez International’s earnings. The highest EPS estimate is $0.58 and the lowest is $0.53. Mondelez International posted earnings per share of $0.57 in the same quarter last year, which would indicate a negative year over year growth rate of 1.8%. The company is scheduled to report its next quarterly earnings report on Tuesday, August 4th.

According to Zacks, analysts expect that Mondelez International will report full-year earnings of $2.55 per share for the current financial year, with EPS estimates ranging from $2.49 to $2.60. For the next financial year, analysts forecast that the business will post earnings of $2.74 per share, with EPS estimates ranging from $2.68 to $2.82. Zacks’ EPS calculations are an average based on a survey of research firms that follow Mondelez International.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 28th. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.03. The business had revenue of $6.71 billion for the quarter, compared to analyst estimates of $6.60 billion. Mondelez International had a return on equity of 13.73% and a net margin of 14.24%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 EPS.

MDLZ has been the subject of several recent research reports. Stifel Nicolaus upgraded Mondelez International from a “hold” rating to a “buy” rating and set a $57.00 price target for the company in a research note on Monday, March 30th. Piper Sandler reduced their price target on Mondelez International from $59.00 to $58.00 and set an “overweight” rating for the company in a research note on Wednesday, April 29th. Morgan Stanley boosted their price target on Mondelez International from $58.00 to $61.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Guggenheim reduced their price target on Mondelez International from $58.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Finally, BidaskClub downgraded Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $61.19.

In other Mondelez International news, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was acquired at an average cost of $50.32 per share, for a total transaction of $100,640.00. 1.30% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in MDLZ. Pictet Asset Management Ltd. increased its holdings in Mondelez International by 1.1% in the 4th quarter. Pictet Asset Management Ltd. now owns 1,492,058 shares of the company’s stock worth $82,183,000 after purchasing an additional 15,551 shares in the last quarter. Engineers Gate Manager LP increased its holdings in Mondelez International by 34.0% in the 1st quarter. Engineers Gate Manager LP now owns 29,121 shares of the company’s stock worth $1,458,000 after purchasing an additional 7,383 shares in the last quarter. Capital Research Global Investors increased its holdings in Mondelez International by 33.8% in the 4th quarter. Capital Research Global Investors now owns 384,000 shares of the company’s stock worth $21,151,000 after purchasing an additional 97,000 shares in the last quarter. Bluefin Trading LLC acquired a new position in Mondelez International in the 4th quarter worth about $3,053,000. Finally, Maverick Capital Ltd. acquired a new position in Mondelez International in the 1st quarter worth about $7,174,000. Institutional investors and hedge funds own 75.52% of the company’s stock.

MDLZ traded up $0.73 during trading on Friday, hitting $51.81. The stock had a trading volume of 283,838 shares, compared to its average volume of 6,843,045. The company has a 50 day moving average price of $51.15 and a 200-day moving average price of $53.01. The firm has a market cap of $73.27 billion, a price-to-earnings ratio of 20.25, a P/E/G ratio of 3.08 and a beta of 0.61. Mondelez International has a one year low of $41.19 and a one year high of $59.96. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.53 and a quick ratio of 0.39.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th will be given a dividend of $0.285 per share. The ex-dividend date of this dividend is Monday, June 29th. This represents a $1.14 annualized dividend and a dividend yield of 2.20%. Mondelez International’s dividend payout ratio is currently 46.15%.

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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Earnings History and Estimates for Mondelez International (NASDAQ:MDLZ)

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