$0.56 Earnings Per Share Expected for Mondelez International Inc (MDLZ) This Quarter
Wall Street brokerages expect Mondelez International Inc (NASDAQ:MDLZ) to post earnings per share of $0.56 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Mondelez International’s earnings. The highest EPS estimate is $0.59 and the lowest is $0.52. Mondelez International reported earnings of $0.47 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 19.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that Mondelez International will report full year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.10 to $2.17. For the next year, analysts expect that the company will post earnings of $2.38 per share, with EPS estimates ranging from $2.32 to $2.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Mondelez International.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.03. The business had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business’s revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share.
MDLZ has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a research note on Tuesday, September 19th. Susquehanna Bancshares set a $45.00 target price on shares of Mondelez International and gave the company a “hold” rating in a research note on Monday, October 30th. Credit Suisse Group raised their target price on shares of Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. Finally, JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and an average target price of $49.43.
In other news, Director Lewis W. K. Booth bought 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average cost of $41.29 per share, with a total value of $61,935.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.60% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Northwest Quadrant Wealth Management LLC increased its stake in shares of Mondelez International by 0.4% in the second quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock worth $309,000 after buying an additional 30 shares during the period. Dorsey & Whitney Trust CO LLC increased its stake in shares of Mondelez International by 0.4% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock worth $447,000 after buying an additional 38 shares during the period. Linscomb & Williams Inc. increased its stake in shares of Mondelez International by 0.3% in the second quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock worth $580,000 after buying an additional 39 shares during the period. Rockland Trust Co. increased its stake in shares of Mondelez International by 0.6% in the second quarter. Rockland Trust Co. now owns 7,667 shares of the company’s stock worth $331,000 after buying an additional 49 shares during the period. Finally, Allen Investment Management LLC increased its stake in shares of Mondelez International by 0.3% in the second quarter. Allen Investment Management LLC now owns 18,186 shares of the company’s stock worth $785,000 after buying an additional 49 shares during the period. 75.82% of the stock is currently owned by institutional investors.
Shares of Mondelez International (MDLZ) traded down $0.04 during midday trading on Monday, hitting $42.47. The stock had a trading volume of 7,179,400 shares, compared to its average volume of 7,647,367. The firm has a market capitalization of $63,470.00, a P/E ratio of 29.49, a PEG ratio of 1.58 and a beta of 0.97. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. Mondelez International has a fifty-two week low of $39.19 and a fifty-two week high of $47.23.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend was Thursday, December 28th. Mondelez International’s dividend payout ratio (DPR) is presently 61.11%.
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Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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