Mondelez International Inc (NASDAQ:MDLZ) – Research analysts at Seaport Global Securities issued their Q3 2020 EPS estimates for shares of Mondelez International in a report issued on Tuesday, July 28th. Seaport Global Securities analyst E. Larson expects that the company will post earnings per share of $0.64 for the quarter. Seaport Global Securities currently has a “Buy” rating and a $61.00 target price on the stock. Seaport Global Securities also issued estimates for Mondelez International’s Q4 2020 earnings at $0.67 EPS, FY2020 earnings at $2.56 EPS, Q1 2021 earnings at $0.70 EPS, Q2 2021 earnings at $0.61 EPS, Q3 2021 earnings at $0.69 EPS, Q4 2021 earnings at $0.74 EPS and FY2021 earnings at $2.74 EPS.
Several other brokerages have also recently weighed in on MDLZ. Jefferies Financial Group raised their price objective on Mondelez International from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday. BidaskClub upgraded Mondelez International from a “hold” rating to a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. lifted their target price on Mondelez International from $61.00 to $62.00 and gave the stock an “overweight” rating in a research note on Wednesday. Piper Sandler lifted their target price on Mondelez International from $58.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Morgan Stanley lifted their target price on Mondelez International from $61.00 to $65.00 and gave the stock an “overweight” rating in a research note on Wednesday. Twenty investment analysts have rated the stock with a buy rating, Mondelez International currently has an average rating of “Buy” and a consensus price target of $62.24.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.07. Mondelez International had a return on equity of 14.02% and a net margin of 13.31%. The business had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.92 billion. During the same period last year, the business earned $0.57 EPS. The business’s revenue was down 2.5% on a year-over-year basis.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ledyard National Bank increased its holdings in Mondelez International by 1.6% in the 2nd quarter. Ledyard National Bank now owns 11,600 shares of the company’s stock worth $593,000 after acquiring an additional 184 shares during the last quarter. Everett Harris & Co. CA grew its holdings in Mondelez International by 2.3% during the 2nd quarter. Everett Harris & Co. CA now owns 8,735 shares of the company’s stock valued at $447,000 after buying an additional 193 shares in the last quarter. Brookstone Capital Management grew its holdings in Mondelez International by 2.6% during the 2nd quarter. Brookstone Capital Management now owns 7,833 shares of the company’s stock valued at $400,000 after buying an additional 197 shares in the last quarter. D.B. Root & Company LLC grew its holdings in Mondelez International by 1.2% during the 1st quarter. D.B. Root & Company LLC now owns 16,594 shares of the company’s stock valued at $831,000 after buying an additional 198 shares in the last quarter. Finally, American Investment Services Inc. grew its holdings in Mondelez International by 0.5% during the 1st quarter. American Investment Services Inc. now owns 42,346 shares of the company’s stock valued at $2,121,000 after buying an additional 200 shares in the last quarter. 75.27% of the stock is owned by institutional investors.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a $0.315 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $1.26 annualized dividend and a yield of 2.27%. This is a positive change from Mondelez International’s previous quarterly dividend of $0.29. Mondelez International’s dividend payout ratio (DPR) is 46.15%.
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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