Zacks: Analysts Expect Mondelez International Inc (MDLZ) Will Announce Earnings of $0.56 Per Share

Wall Street brokerages expect Mondelez International Inc (NASDAQ:MDLZ) to announce earnings of $0.56 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Mondelez International’s earnings. The lowest EPS estimate is $0.52 and the highest is $0.59. Mondelez International reported earnings per share of $0.47 during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.1%. The company is expected to issue its next earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Mondelez International will report full-year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.10 to $2.17. For the next financial year, analysts forecast that the firm will report earnings of $2.38 per share, with EPS estimates ranging from $2.32 to $2.40. Zacks’ EPS averages are a mean average based on a survey of analysts that follow Mondelez International.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.52 earnings per share.

Several equities analysts have recently commented on MDLZ shares. Zacks Investment Research downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. UBS Group reaffirmed a “buy” rating and issued a $49.00 target price on shares of Mondelez International in a research report on Friday, October 13th. Credit Suisse Group upped their target price on Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. JPMorgan Chase & Co. upped their target price on Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Finally, BidaskClub raised Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Thursday, December 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. Mondelez International has a consensus rating of “Buy” and an average price target of $49.40.

Mondelez International (MDLZ) traded down $0.26 during trading hours on Friday, reaching $42.80. The company’s stock had a trading volume of 4,540,548 shares, compared to its average volume of 7,903,312. Mondelez International has a 12-month low of $39.19 and a 12-month high of $47.23. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $64,350.00, a price-to-earnings ratio of 29.72, a price-to-earnings-growth ratio of 1.77 and a beta of 0.98.

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Investors of record on Friday, December 29th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date is Thursday, December 28th. Mondelez International’s dividend payout ratio is currently 61.11%.

In related news, Director Lewis W. K. Booth purchased 1,500 shares of Mondelez International stock in a transaction that occurred on Thursday, November 9th. The shares were acquired at an average price of $41.29 per share, with a total value of $61,935.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.60% of the company’s stock.

Large investors have recently modified their holdings of the stock. Banque Pictet & Cie SA grew its position in Mondelez International by 90.1% during the second quarter. Banque Pictet & Cie SA now owns 18,904 shares of the company’s stock worth $816,000 after buying an additional 8,962 shares in the last quarter. Aberdeen Asset Management PLC UK grew its position in Mondelez International by 11.2% during the second quarter. Aberdeen Asset Management PLC UK now owns 465,221 shares of the company’s stock worth $20,093,000 after buying an additional 46,992 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in shares of Mondelez International in the 2nd quarter valued at $3,867,000. AQR Capital Management LLC boosted its holdings in shares of Mondelez International by 43.9% in the 1st quarter. AQR Capital Management LLC now owns 440,459 shares of the company’s stock valued at $18,975,000 after purchasing an additional 134,286 shares in the last quarter. Finally, Sustainable Growth Advisers LP boosted its holdings in shares of Mondelez International by 20.8% in the 2nd quarter. Sustainable Growth Advisers LP now owns 6,697,816 shares of the company’s stock valued at $289,279,000 after purchasing an additional 1,151,730 shares in the last quarter. 75.78% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Zacks: Analysts Expect Mondelez International Inc (MDLZ) Will Announce Earnings of $0.56 Per Share” was reported by Chaffey Breeze and is the property of of Chaffey Breeze. If you are accessing this piece on another site, it was stolen and republished in violation of United States and international copyright law. The legal version of this piece can be accessed at https://www.chaffeybreeze.com/2018/01/01/zacks-analysts-expect-mondelez-international-inc-mdlz-will-announce-earnings-of-0-56-per-share.html.

About Mondelez International

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

Get a free copy of the Zacks research report on Mondelez International (MDLZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply