Zacks: Brokerages Expect Mondelez International, Inc. (NASDAQ:MDLZ) Will Post Earnings of $0.65 Per Share

Wall Street brokerages forecast that Mondelez International, Inc. (NASDAQ:MDLZGet Rating) will announce $0.65 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have provided estimates for Mondelez International’s earnings, with estimates ranging from $0.63 to $0.69. Mondelez International posted earnings per share of $0.66 during the same quarter last year, which indicates a negative year over year growth rate of 1.5%. The company is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Mondelez International will report full-year earnings of $2.98 per share for the current fiscal year, with EPS estimates ranging from $2.90 to $3.08. For the next financial year, analysts forecast that the business will post earnings of $3.22 per share, with EPS estimates ranging from $3.14 to $3.35. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Mondelez International.

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

Several research analysts recently commented on the stock. Credit Suisse Group started coverage on shares of Mondelez International in a research note on Tuesday, April 12th. They issued an “outperform” rating and a $70.00 target price on the stock. Morgan Stanley lowered their price objective on shares of Mondelez International from $73.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, April 13th. JPMorgan Chase & Co. reduced their price target on Mondelez International from $75.00 to $72.00 and set an “overweight” rating on the stock in a report on Tuesday, March 22nd. UBS Group began coverage on Mondelez International in a research report on Wednesday, March 30th. They set a “buy” rating and a $73.00 price target for the company. Finally, Barclays cut their price objective on Mondelez International from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, April 7th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $72.55.

In other Mondelez International news, EVP Robin S. Hargrove sold 30,500 shares of the company’s stock in a transaction dated Wednesday, May 11th. The shares were sold at an average price of $65.86, for a total value of $2,008,730.00. Following the sale, the executive vice president now owns 32,024 shares in the company, valued at $2,109,100.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maurizio Brusadelli sold 26,500 shares of Mondelez International stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $65.09, for a total transaction of $1,724,885.00. The disclosure for this sale can be found here. 0.32% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Mondelez International by 2.0% during the first quarter. Vanguard Group Inc. now owns 115,811,776 shares of the company’s stock valued at $7,270,664,000 after acquiring an additional 2,302,582 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Mondelez International by 8.6% in the 1st quarter. BlackRock Inc. now owns 95,055,488 shares of the company’s stock worth $5,967,581,000 after purchasing an additional 7,536,591 shares in the last quarter. State Street Corp raised its stake in shares of Mondelez International by 0.7% in the fourth quarter. State Street Corp now owns 63,975,249 shares of the company’s stock worth $4,264,301,000 after purchasing an additional 456,083 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Mondelez International by 5.6% during the first quarter. Wellington Management Group LLP now owns 42,884,187 shares of the company’s stock valued at $2,692,268,000 after purchasing an additional 2,267,564 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Mondelez International by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 23,361,172 shares of the company’s stock valued at $1,544,557,000 after buying an additional 549,590 shares during the last quarter. 77.10% of the stock is owned by institutional investors and hedge funds.

Shares of MDLZ stock opened at $61.19 on Monday. The company has a market capitalization of $84.68 billion, a P/E ratio of 20.60, a PEG ratio of 3.02 and a beta of 0.64. 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 quick ratio of 0.48 and a current ratio of 0.68. The stock has a 50 day moving average price of $63.65 and a two-hundred day moving average price of $64.22.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 14th. Shareholders of record on Thursday, June 30th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.29%. The ex-dividend date is Wednesday, June 29th. Mondelez International’s dividend payout ratio is currently 47.14%.

Mondelez International Company Profile (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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Earnings History and Estimates for Mondelez International (NASDAQ:MDLZ)

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