Mondelez International, Inc. (MDLZ) to Post FY2017 Earnings of $2.15 Per Share, Gabelli Forecasts
Mondelez International, Inc. (NASDAQ:MDLZ) – Research analysts at Gabelli raised their FY2017 earnings per share estimates for shares of Mondelez International in a research note issued to investors on Tuesday. Gabelli analyst S. Donnelly now anticipates that the company will post earnings per share of $2.15 for the year, up from their previous estimate of $2.10. Gabelli also issued estimates for Mondelez International’s FY2019 earnings at $2.55 EPS.
A number of other brokerages have also weighed in on MDLZ. Susquehanna Bancshares Inc 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. BMO Capital Markets reiterated a “buy” rating and set a $48.00 target price on shares of Mondelez International in a research note on Thursday. Royal Bank Of Canada reiterated a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. UBS Group AG (USA) reiterated a “buy” rating and set a $51.00 target price on shares of Mondelez International in a research note on Wednesday, August 9th. Finally, Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $49.40.
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Shares of Mondelez International (MDLZ) opened at $40.97 on Thursday. The stock has a market cap of $62.05 billion, a PE ratio of 20.08, a price-to-earnings-growth ratio of 1.70 and a beta of 0.98. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.35 and a current ratio of 0.51.
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, beating analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The firm had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.45 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of MDLZ. Schnieders Capital Management LLC boosted its holdings in Mondelez International by 2.2% in the 1st quarter. Schnieders Capital Management LLC now owns 21,298 shares of the company’s stock worth $918,000 after buying an additional 450 shares during the period. Summit Asset Management LLC boosted its holdings in Mondelez International by 1.3% in the 1st quarter. Summit Asset Management LLC now owns 5,716 shares of the company’s stock worth $246,000 after buying an additional 71 shares during the period. State of Tennessee Treasury Department boosted its holdings in shares of Mondelez International by 102.7% during the 1st quarter. State of Tennessee Treasury Department now owns 1,097,028 shares of the company’s stock valued at $47,260,000 after purchasing an additional 555,887 shares during the last quarter. CIBC World Markets Inc. boosted its holdings in shares of Mondelez International by 304.6% during the 1st quarter. CIBC World Markets Inc. now owns 1,479,691 shares of the company’s stock valued at $63,745,000 after purchasing an additional 1,113,969 shares during the last quarter. Finally, Holderness Investments Co. boosted its holdings in shares of Mondelez International by 16.3% during the 1st quarter. Holderness Investments Co. now owns 15,121 shares of the company’s stock valued at $651,000 after purchasing an additional 2,120 shares during the last quarter. 75.42% of the stock is owned by institutional investors.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the transaction, the executive vice president now owns 61,651 shares of the company’s stock, valued at approximately $2,697,847.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Daniel P. Myers sold 7,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total transaction of $286,580.00. Following the completion of the transaction, the executive vice president now directly owns 20,965 shares of the company’s stock, valued at approximately $858,307.10. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.
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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