Brokerages expect Mondelez International Inc (NASDAQ:MDLZ) to report $0.61 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Mondelez International’s earnings, with estimates ranging from $0.58 to $0.64. Mondelez International reported earnings per share of $0.53 during the same quarter last year, which would suggest a positive year over year growth rate of 15.1%. The firm is scheduled to announce its next earnings report after the market closes on Tuesday, May 1st.
According to Zacks, analysts expect that Mondelez International will report full year earnings of $2.47 per share for the current year, with EPS estimates ranging from $2.38 to $2.51. For the next year, analysts expect that the firm will post earnings of $2.70 per share, with EPS estimates ranging from $2.65 to $2.74. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Mondelez International.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, January 31st. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.01. The firm had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.98 billion. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The company’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.47 EPS.
A number of analysts recently weighed in on MDLZ shares. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a research note on Thursday, December 21st. Barclays reiterated a “buy” rating and set a $50.00 price target on shares of Mondelez International in a research note on Friday, February 2nd. Societe Generale upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and increased their price target for the stock from $45.00 to $55.00 in a research note on Friday, February 2nd. Piper Jaffray set a $50.00 price target on shares of Mondelez International and gave the stock a “buy” rating in a research note on Thursday, January 18th. Finally, Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research note on Friday, January 12th. Two analysts have rated the stock with a sell rating, one has given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $50.38.
In other news, Director Charles E. Bunch bought 2,000 shares of Mondelez International stock in a transaction dated Friday, February 16th. The stock was bought at an average price of $43.90 per share, for a total transaction of $87,800.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Trian Fund Management, L.P. bought 1,028,600 shares of Mondelez International stock in a transaction dated Friday, March 9th. The stock was purchased at an average price of $44.27 per share, with a total value of $45,536,122.00. The disclosure for this purchase can be found here. 2.00% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. lifted its position in shares of Mondelez International by 348.9% during the 3rd quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock valued at $164,450,000 after acquiring an additional 3,143,550 shares during the period. Clearbridge Investments LLC boosted its position in Mondelez International by 25.8% during the 4th quarter. Clearbridge Investments LLC now owns 8,005,915 shares of the company’s stock valued at $342,653,000 after acquiring an additional 1,641,314 shares in the last quarter. First Manhattan Co. boosted its position in Mondelez International by 164.3% during the 4th quarter. First Manhattan Co. now owns 2,246,429 shares of the company’s stock valued at $96,147,000 after acquiring an additional 1,396,538 shares in the last quarter. Eaton Vance Management boosted its position in shares of Mondelez International by 29.0% in the 4th quarter. Eaton Vance Management now owns 5,439,637 shares of the company’s stock worth $232,816,000 after purchasing an additional 1,223,487 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Mondelez International by 49.1% in the 4th quarter. Bank of Montreal Can now owns 3,611,842 shares of the company’s stock worth $154,587,000 after purchasing an additional 1,189,387 shares in the last quarter. Institutional investors and hedge funds own 75.86% of the company’s stock.
NASDAQ MDLZ opened at $42.03 on Tuesday. The company has a current ratio of 0.48, a quick ratio of 0.31 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $62,214.93, a P/E ratio of 19.46, a P/E/G ratio of 1.42 and a beta of 0.87. Mondelez International has a 12 month low of $39.19 and a 12 month high of $47.23.
Mondelez International announced that its board has approved a stock buyback program on Wednesday, January 31st that permits the company to repurchase $6.00 billion in shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.
The company also recently announced a quarterly dividend, which was paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Wednesday, March 28th. Mondelez International’s dividend payout ratio (DPR) is presently 41.12%.
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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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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