Analysts Expect Mondelez International Inc (MDLZ) Will Post Earnings of $0.63 Per Share

Equities research analysts expect that Mondelez International Inc (NASDAQ:MDLZ) will post $0.63 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Mondelez International’s earnings, with estimates ranging from $0.61 to $0.65. Mondelez International posted earnings per share of $0.57 in the same quarter last year, which would suggest a positive year-over-year growth rate of 10.5%. The company is scheduled to announce its next quarterly earnings report 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 $2.45. For the next year, analysts expect that the firm will post earnings of $2.50 per share, with EPS estimates ranging from $2.46 to $2.55. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Mondelez International.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Monday, October 29th. The company reported $0.62 EPS for the quarter, topping the Zacks’ 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 company had revenue of $6.29 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s quarterly revenue was down 3.7% compared to the same quarter last year.

A number of analysts have recently commented on MDLZ shares. JPMorgan Chase & Co. boosted their price objective on Mondelez International from $45.00 to $47.00 and gave the stock a “$41.68” rating in a research note on Monday, July 23rd. ValuEngine lowered Mondelez International from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. BidaskClub lowered Mondelez International from a “buy” rating to a “hold” rating in a research report on Thursday, July 26th. UBS Group boosted their target price on Mondelez International from $50.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, July 26th. Finally, DZ Bank raised Mondelez International from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have given a buy rating to the company’s stock. Mondelez International has an average rating of “Hold” and a consensus price target of $49.17.

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

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its holdings in shares of Mondelez International by 3.6% during the third quarter. BlackRock Inc. now owns 86,963,350 shares of the company’s stock valued at $3,735,944,000 after buying an additional 2,995,606 shares in the last quarter. Lindsell Train Ltd grew its holdings in shares of Mondelez International by 13.3% during the third quarter. Lindsell Train Ltd now owns 28,982,722 shares of the company’s stock valued at $1,245,098,000 after buying an additional 3,396,714 shares in the last quarter. Macquarie Group Ltd. grew its holdings in shares of Mondelez International by 1.0% during the third quarter. Macquarie Group Ltd. now owns 18,313,517 shares of the company’s stock valued at $786,748,000 after buying an additional 186,970 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Mondelez International by 5.4% during the third quarter. Bank of New York Mellon Corp now owns 17,845,702 shares of the company’s stock valued at $766,651,000 after buying an additional 921,701 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Mondelez International by 10.5% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 16,910,431 shares of the company’s stock valued at $693,328,000 after buying an additional 1,601,700 shares in the last quarter. Institutional investors and hedge funds own 75.51% of the company’s stock.

Shares of MDLZ traded up $0.33 during midday trading on Friday, reaching $44.27. The stock had a trading volume of 6,277,206 shares, compared to its average volume of 8,790,570. Mondelez International has a 52 week low of $37.42 and a 52 week high of $46.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.38 and a current ratio of 0.56. The company has a market capitalization of $63.62 billion, a PE ratio of 20.69, a P/E/G ratio of 1.99 and a beta of 0.75.

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.

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