Zacks: Analysts Anticipate Mondelez International Inc (NASDAQ:MDLZ) to Post $0.60 Earnings Per Share

Analysts expect that Mondelez International Inc (NASDAQ:MDLZ) will report earnings of $0.60 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Mondelez International’s earnings, with the lowest EPS estimate coming in at $0.59 and the highest estimate coming in at $0.60. Mondelez International reported earnings per share of $0.63 in the same quarter last year, which indicates a negative year over year growth rate of 4.8%. The company is expected to announce its next earnings report on Wednesday, January 29th.

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 $2.45 to $2.50. For the next fiscal year, analysts forecast that the firm will report earnings of $2.66 per share, with EPS estimates ranging from $2.62 to $2.70. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Mondelez International.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.04. The business had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.34 billion. Mondelez International had a net margin of 15.42% and a return on equity of 13.93%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.62 EPS.

A number of research analysts have issued reports on MDLZ shares. Guggenheim reissued a “buy” rating and set a $60.00 price objective on shares of Mondelez International in a research report on Wednesday. UBS Group set a $62.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research report on Wednesday, July 31st. Buckingham Research boosted their price objective on shares of Mondelez International from $57.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, July 31st. They noted that the move was a valuation call. Citigroup set a $60.00 price objective on shares of Mondelez International and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus boosted their price objective on shares of Mondelez International from $52.00 to $55.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company. Mondelez International currently has a consensus rating of “Buy” and a consensus price target of $60.21.

Mondelez International stock traded up $0.20 during mid-day trading on Monday, reaching $52.90. 5,393,200 shares of the company traded hands, compared to its average volume of 6,512,159. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.50 and a quick ratio of 0.34. The firm’s 50 day moving average price is $53.70 and its 200 day moving average price is $53.81. The firm has a market capitalization of $74.58 billion, a price-to-earnings ratio of 21.77, a P/E/G ratio of 2.70 and a beta of 0.79. Mondelez International has a 52-week low of $38.78 and a 52-week high of $56.72.

In other news, EVP Vinzenz P. Gruber sold 40,377 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $56.68, for a total transaction of $2,288,568.36. Following the sale, the executive vice president now owns 112,137 shares in the company, valued at approximately $6,355,925.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.50% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Grantham Mayo Van Otterloo & Co. LLC bought a new stake in shares of Mondelez International during the 2nd quarter valued at $7,797,000. Foresters Investment Management Company Inc. boosted its stake in Mondelez International by 38.7% in the 2nd quarter. Foresters Investment Management Company Inc. now owns 414,650 shares of the company’s stock worth $22,350,000 after purchasing an additional 115,600 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Mondelez International by 10.3% in the 2nd quarter. Janney Montgomery Scott LLC now owns 407,613 shares of the company’s stock worth $21,970,000 after purchasing an additional 38,103 shares in the last quarter. Bahl & Gaynor Inc. boosted its stake in Mondelez International by 76.2% in the 2nd quarter. Bahl & Gaynor Inc. now owns 2,837,698 shares of the company’s stock worth $152,952,000 after purchasing an additional 1,227,133 shares in the last quarter. Finally, Cibc Bank USA boosted its stake in Mondelez International by 0.6% in the 2nd quarter. Cibc Bank USA now owns 42,254 shares of the company’s stock worth $2,277,000 after purchasing an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 76.52% of the company’s stock.

About Mondelez International

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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