Mondelez International, Inc. (NASDAQ:MDLZ) Expected to Post Earnings of $0.66 Per Share

Brokerages forecast that Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) will report $0.66 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Mondelez International’s earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.73. Mondelez International also reported earnings of $0.66 per share in the same quarter last year. The business is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Mondelez International will report full year earnings of $3.00 per share for the current fiscal year, with EPS estimates ranging from $2.90 to $3.09. For the next year, analysts expect that the company will post earnings of $3.22 per share, with EPS estimates ranging from $3.14 to $3.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Mondelez International.

Mondelez International (NASDAQ:MDLZ – Get Rating) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.09. The firm had revenue of $7.76 billion during the quarter, compared to analysts’ expectations of $7.47 billion. Mondelez International had a return on equity of 14.72% and a net margin of 14.34%. The business’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 earnings per share.

MDLZ has been the subject of a number of research reports. Morgan Stanley reduced their price objective on Mondelez International from $73.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, April 13th. UBS Group initiated coverage on Mondelez International in a research report on Wednesday, March 30th. They issued a “buy” rating and a $73.00 price target for the company. StockNews.com cut Mondelez International from a “buy” rating to a “hold” rating in a research report on Sunday, April 10th. BMO Capital Markets boosted their price objective on Mondelez International from $67.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, January 31st. Finally, Jefferies Financial Group boosted their price objective on Mondelez International from $72.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, January 5th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $72.55.

MDLZ traded down $1.14 during trading on Monday, reaching $63.34. 347,007 shares of the stock traded hands, compared to its average volume of 8,464,411. The stock has a market cap of $87.94 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 3.15 and a beta of 0.70. Mondelez International has a fifty-two week low of $57.63 and a fifty-two week high of $69.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.68 and a quick ratio of 0.54. The stock’s 50-day simple moving average is $63.26 and its two-hundred day simple moving average is $63.80.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were given a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $1.40 annualized dividend and a yield of 2.21%. Mondelez International’s dividend payout ratio (DPR) is currently 47.14%.

In related news, EVP Maurizio Brusadelli sold 26,500 shares of the firm’s stock in a transaction on Friday, February 25th. The stock was sold at an average price of $65.09, for a total value of $1,724,885.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Mondelez International during the fourth quarter valued at $878,654,000. First Trust Advisors LP lifted its holdings in shares of Mondelez International by 176.4% during the fourth quarter. First Trust Advisors LP now owns 4,526,315 shares of the company’s stock valued at $300,140,000 after acquiring an additional 2,888,435 shares during the period. Nordea Investment Management AB lifted its holdings in shares of Mondelez International by 25.2% during the fourth quarter. Nordea Investment Management AB now owns 11,299,336 shares of the company’s stock valued at $743,439,000 after acquiring an additional 2,271,331 shares during the period. GQG Partners LLC bought a new position in shares of Mondelez International during the fourth quarter valued at $148,957,000. Finally, Capital International Investors lifted its holdings in shares of Mondelez International by 14.6% during the fourth quarter. Capital International Investors now owns 17,008,751 shares of the company’s stock valued at $1,127,779,000 after acquiring an additional 2,162,384 shares during the period. 77.10% of the stock is owned by hedge funds and other institutional investors.

About Mondelez International (Get Rating)

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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