Mondelez International (MDLZ) Expected to Announce Earnings on Tuesday

Mondelez International (NASDAQ:MDLZ) will likely be posting its quarterly earnings results after the market closes on Tuesday, February 4th. Analysts expect Mondelez International to post earnings of $0.66 per share and revenue of $9,690,852.69 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same period in the previous year, the company posted $0.82 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, analysts expect Mondelez International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Mondelez International Trading Up 1.6 %

NASDAQ MDLZ opened at $58.32 on Tuesday. The company’s fifty day simple moving average is $60.74 and its 200-day simple moving average is $66.95. Mondelez International has a 52 week low of $55.97 and a 52 week high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a market cap of $77.98 billion, a P/E ratio of 20.68, a PEG ratio of 2.96 and a beta of 0.54.

Mondelez International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.22%. Mondelez International’s payout ratio is currently 66.67%.

Mondelez International announced that its board has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on MDLZ. The Goldman Sachs Group cut their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Redburn Atlantic began coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $61.00 price target (down from $74.00) on shares of Mondelez International in a report on Tuesday, January 7th. Jefferies Financial Group lowered shares of Mondelez International from a “buy” rating to a “hold” rating and lowered their target price for the company from $75.00 to $62.00 in a research note on Tuesday, January 21st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Five analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.06.

About Mondelez International

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 and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.