Brokerages Anticipate Mondelez International Inc (MDLZ) to Post $0.63 Earnings Per Share

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Equities analysts expect Mondelez International Inc (NASDAQ:MDLZ) to announce $0.63 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Mondelez International’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.65. Mondelez International posted earnings per share of $0.57 during the same quarter last year, which suggests a positive year over year growth rate of 10.5%. The company is scheduled to issue its next earnings results on Wednesday, January 30th.

On average, analysts expect that Mondelez International will report full-year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.38 to $2.47. For the next year, analysts anticipate that the firm will post earnings of $2.50 per share, with EPS estimates ranging from $2.46 to $2.55. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Mondelez International.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Monday, October 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.01. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. The firm had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.32 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The business’s revenue was down 3.7% compared to the same quarter last year.

Several brokerages have recently issued reports on MDLZ. UBS Group set a $51.00 target price on Mondelez International and gave the stock a “buy” rating in a research report on Monday, September 24th. Morgan Stanley began coverage on Mondelez International in a research report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 target price for the company. Credit Suisse Group set a $48.00 target price on Mondelez International and gave the stock a “buy” rating in a research report on Thursday, September 6th. DZ Bank raised Mondelez International from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research raised Mondelez International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $49.17.

Shares of NASDAQ:MDLZ traded up $0.36 during trading on Friday, hitting $44.30. The stock had a trading volume of 7,149,656 shares, compared to its average volume of 9,174,122. 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 $64.03 billion, a P/E ratio of 20.70, a P/E/G ratio of 1.99 and a beta of 0.75. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.38 and a current ratio of 0.56.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Quad Cities Investment Group LLC purchased a new stake in Mondelez International during the 2nd quarter valued at $111,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of Mondelez International in the 3rd quarter worth $129,000. BKS Advisors LLC purchased a new position in shares of Mondelez International in the 3rd quarter worth $141,000. Kaizen Advisory LLC boosted its stake in shares of Mondelez International by 131.7% in the 2nd quarter. Kaizen Advisory LLC now owns 3,387 shares of the company’s stock worth $139,000 after buying an additional 1,925 shares during the last quarter. Finally, TRUE Private Wealth Advisors purchased a new position in shares of Mondelez International in the 3rd quarter worth $167,000. Institutional investors and hedge funds own 75.00% of the company’s stock.

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; 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.

Further Reading: Understanding Price to Earnings Ratio (PE)

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

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