Mondelez International (NASDAQ:MDLZ) Posts Earnings Results, Beats Expectations By $0.07 EPS

Mondelez International (NASDAQ:MDLZ) posted its quarterly earnings data on Tuesday. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07, Briefing.com reports. Mondelez International had a net margin of 10.97% and a return on equity of 16.58%. The company had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the previous year, the firm posted $0.76 EPS. The firm’s revenue was down 1.9% compared to the same quarter last year.

Mondelez International Stock Down 0.4 %

Shares of NASDAQ:MDLZ traded down $0.29 during trading on Thursday, reaching $68.06. 1,761,822 shares of the stock traded hands, compared to its average volume of 7,192,212. The stock has a 50-day moving average of $66.77 and a two-hundred day moving average of $69.85. Mondelez International has a 52-week low of $60.75 and a 52-week high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a market cap of $91.29 billion, a P/E ratio of 21.70, a price-to-earnings-growth ratio of 2.78 and a beta of 0.53.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 14th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.47 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. The ex-dividend date is Monday, September 30th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.76%. Mondelez International’s dividend payout ratio is presently 53.97%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of analyst reports. Evercore ISI decreased their target price on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 4th. DA Davidson decreased their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday. Sanford C. Bernstein decreased their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 17th. Bank of America decreased their target price on shares of Mondelez International from $82.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Finally, TD Cowen decreased their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $79.06.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.