Brokerages Anticipate Mondelez International Inc (NASDAQ:MDLZ) Will Post Earnings of $0.57 Per Share

Wall Street brokerages expect Mondelez International Inc (NASDAQ:MDLZ) to post earnings per share (EPS) of $0.57 for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Mondelez International’s earnings. The lowest EPS estimate is $0.54 and the highest is $0.59. Mondelez International posted earnings per share of $0.56 in the same quarter last year, which indicates a positive year over year growth rate of 1.8%. The business is expected to report its next earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that Mondelez International will report full-year earnings of $2.49 per share for the current year, with EPS estimates ranging from $2.46 to $2.54. For the next financial year, analysts expect that the company will report earnings of $2.70 per share, with EPS estimates ranging from $2.61 to $2.81. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Mondelez International.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The company had revenue of $6.54 billion during the quarter, compared to analysts’ expectations of $6.55 billion. During the same quarter in the prior year, the company earned $0.62 EPS. The firm’s revenue was down 3.4% on a year-over-year basis.

A number of research firms recently commented on MDLZ. Zacks Investment Research lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. ValuEngine lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Piper Jaffray Companies set a $48.00 price target on shares of Mondelez International and gave the company a “buy” rating in a report on Friday, April 5th. Evercore ISI started coverage on shares of Mondelez International in a report on Tuesday, June 11th. They issued an “outperform” rating and a $62.00 price objective for the company. Finally, Stifel Nicolaus upped their price objective on shares of Mondelez International from $48.00 to $52.00 and gave the stock a “hold” rating in a report on Monday, June 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $51.00.

In related news, EVP Maurizio Brusadelli sold 39,882 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $54.52, for a total transaction of $2,174,366.64. Following the sale, the executive vice president now directly owns 85,388 shares of the company’s stock, valued at approximately $4,655,353.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Gerhard W. Pleuhs sold 40,000 shares of the stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total transaction of $2,062,800.00. Following the sale, the executive vice president now directly owns 110,308 shares in the company, valued at $5,688,583.56. The disclosure for this sale can be found here. Corporate insiders own 1.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new position in shares of Mondelez International in the 4th quarter worth approximately $657,626,000. Boston Partners bought a new position in shares of Mondelez International in the 1st quarter worth approximately $355,441,000. Hillhouse Capital Advisors Ltd. bought a new position in shares of Mondelez International in the 4th quarter worth approximately $141,276,000. FMR LLC lifted its stake in shares of Mondelez International by 17.8% in the 1st quarter. FMR LLC now owns 20,048,480 shares of the company’s stock worth $1,000,819,000 after purchasing an additional 3,034,020 shares during the period. Finally, Investec Asset Management LTD lifted its stake in shares of Mondelez International by 1,483.2% in the 1st quarter. Investec Asset Management LTD now owns 3,057,952 shares of the company’s stock worth $152,653,000 after purchasing an additional 2,864,803 shares during the period. 75.91% of the stock is currently owned by institutional investors.

NASDAQ:MDLZ traded down $0.13 during midday trading on Friday, reaching $53.99. 80,301 shares of the stock traded hands, compared to its average volume of 6,399,659. The business has a fifty day moving average of $53.10. Mondelez International has a 12 month low of $38.78 and a 12 month high of $55.71. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $77.96 billion, a PE ratio of 22.19, a P/E/G ratio of 2.87 and a beta of 0.82.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, June 27th. Mondelez International’s dividend payout ratio (DPR) is 42.80%.

Mondelez International Company Profile

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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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

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