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.
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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