Mondelez International (NASDAQ:MDLZ) is scheduled to issue its quarterly earnings data on Monday, April 30th. Analysts expect the company to announce earnings of $0.59 per share for the quarter.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Mondelez International had a return on equity of 12.72% and a net margin of 11.28%. The firm had revenue of $6.97 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. On average, analysts expect Mondelez International to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of MDLZ stock opened at $40.11 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.31. Mondelez International has a 12-month low of $39.19 and a 12-month high of $47.23. The stock has a market cap of $59,656.73, a price-to-earnings ratio of 18.74, a PEG ratio of 1.37 and a beta of 0.87.
The company also recently declared a quarterly dividend, which was paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th were paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.19%. The ex-dividend date of this dividend was Wednesday, March 28th. Mondelez International’s dividend payout ratio (DPR) is currently 41.12%.
In other Mondelez International news, Director Charles E. Bunch purchased 2,000 shares of Mondelez International stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average price of $43.90 per share, for a total transaction of $87,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Hubert Weber sold 10,931 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $43.79, for a total value of $478,668.49. Following the transaction, the executive vice president now owns 160,865 shares in the company, valued at approximately $7,044,278.35. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
Several brokerages have issued reports on MDLZ. Zacks Investment Research lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Piper Jaffray reaffirmed a “buy” rating and set a $52.00 price target on shares of Mondelez International in a research note on Thursday, February 1st. Susquehanna Bancshares reaffirmed a “hold” rating and set a $48.00 price target on shares of Mondelez International in a research note on Tuesday, January 30th. Morgan Stanley lifted their price target on Mondelez International from $49.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Finally, Societe Generale raised Mondelez International from a “hold” rating to a “buy” rating and lifted their price target for the stock from $45.00 to $55.00 in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $50.38.
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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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