Mondelez International (NASDAQ:MDLZ) Posts Earnings Results, Beats Expectations By $0.02 EPS

Mondelez International (NASDAQ:MDLZ) issued its earnings results on Tuesday. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02, FiscalAI reports. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The firm had revenue of $10.50 billion for the quarter, compared to analysts’ expectations of $10.32 billion.

Mondelez International Stock Performance

Mondelez International stock traded up $0.78 during midday trading on Tuesday, hitting $59.47. 15,310,450 shares of the company’s stock were exchanged, compared to its average volume of 11,958,168. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61. The stock has a market cap of $76.74 billion, a price-to-earnings ratio of 22.27 and a beta of 0.39. Mondelez International has a 12-month low of $51.20 and a 12-month high of $71.15. The firm’s 50 day simple moving average is $55.61 and its 200 day simple moving average is $59.60.

Mondelez International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 14th. Investors of record on Wednesday, December 31st were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. Mondelez International’s dividend payout ratio is currently 74.91%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MDLZ. DA Davidson restated a “neutral” rating and issued a $62.00 price objective on shares of Mondelez International in a report on Thursday, January 29th. Bank of America decreased their price target on Mondelez International from $69.00 to $62.00 and set a “buy” rating for the company in a report on Friday, December 19th. DZ Bank raised Mondelez International from a “sell” rating to a “buy” rating in a research report on Thursday, October 30th. Wall Street Zen lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Piper Sandler lowered their price target on Mondelez International from $63.00 to $62.00 and set a “neutral” rating for the company in a report on Friday, November 21st. Fourteen equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.11.

Institutional Trading of Mondelez International

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDLZ. Brighton Jones LLC grew its position in Mondelez International by 92.4% in the 4th quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after buying an additional 7,025 shares during the last quarter. United Bank increased its stake in shares of Mondelez International by 13.2% during the second quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after acquiring an additional 3,070 shares during the period. Sei Investments Co. raised its holdings in Mondelez International by 15.1% during the second quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock worth $36,924,000 after purchasing an additional 71,667 shares in the last quarter. Osterweis Capital Management Inc. lifted its position in Mondelez International by 4,470.0% in the second quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock valued at $92,000 after purchasing an additional 1,341 shares during the period. Finally, Main Street Financial Solutions LLC boosted its holdings in Mondelez International by 144.9% in the 2nd quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock valued at $532,000 after purchasing an additional 4,668 shares in the last quarter. 78.32% of the stock is owned by hedge funds and other institutional investors.

About Mondelez International

Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.

The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.