Mondelez International (MDLZ) Issues Quarterly Earnings Results

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Mondelez International (NASDAQ:MDLZ) posted its earnings results on Monday. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.01, Briefing.com reports. The firm had revenue of $6.29 billion for the quarter, compared to analyst estimates of $6.32 billion. Mondelez International had a return on equity of 13.42% and a net margin of 11.58%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share.

MDLZ traded up $1.27 on Tuesday, hitting $41.38. 3,121,780 shares of the company were exchanged, compared to its average volume of 7,162,392. Mondelez International has a 12 month low of $37.42 and a 12 month high of $46.54. The firm has a market capitalization of $58.82 billion, a PE ratio of 19.34, a PEG ratio of 1.81 and a beta of 0.83. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.37 and a current ratio of 0.55.

A number of brokerages have recently commented on MDLZ. UBS Group set a $51.00 price target on Mondelez International and gave the company a “buy” rating in a report on Monday, September 24th. Morgan Stanley began coverage on Mondelez International in a report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 price target on the stock. BidaskClub upgraded Mondelez International from a “sell” rating to a “hold” rating in a report on Saturday, September 8th. Credit Suisse Group set a $48.00 price target on Mondelez International and gave the company a “buy” rating in a report on Thursday, September 6th. Finally, Zacks Investment Research upgraded Mondelez International from a “sell” rating to a “hold” rating in a report on Tuesday, July 31st. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $49.21.

In related news, EVP Daniel P. Myers sold 27,963 shares of the company’s stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $43.44, for a total transaction of $1,214,712.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Maurizio Brusadelli sold 7,381 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $43.74, for a total value of $322,844.94. Following the sale, the executive vice president now owns 73,959 shares in the company, valued at approximately $3,234,966.66. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Mondelez International Company Profile

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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.

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Earnings History for Mondelez International (NASDAQ:MDLZ)

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