Zacks: Brokerages Expect Mondelez International Inc (MDLZ) Will Announce Earnings of $0.63 Per Share

Analysts expect that Mondelez International Inc (NASDAQ:MDLZ) will post earnings per share (EPS) of $0.63 for the current quarter, according to Zacks. Five analysts have provided estimates for Mondelez International’s earnings, with the highest EPS estimate coming in at $0.65 and the lowest estimate coming in at $0.61. Mondelez International reported earnings of $0.57 per share during the same quarter last year, which suggests a positive year over year growth rate of 10.5%. The business is expected to report its next quarterly earnings report on Wednesday, January 30th.

According to Zacks, analysts expect that Mondelez International will report full-year earnings of $2.43 per share for the current financial year, with EPS estimates ranging from $2.38 to $2.47. For the next financial year, analysts expect that the company will post earnings of $2.50 per share, with EPS estimates ranging from $2.46 to $2.55. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Mondelez International.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Monday, October 29th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.01. Mondelez International had a net margin of 12.46% and a return on equity of 13.71%. The firm had revenue of $6.29 billion during the quarter, compared to analysts’ expectations of $6.32 billion. During the same quarter last year, the business earned $0.57 earnings per share. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year.

Several brokerages recently commented on MDLZ. DZ Bank upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Friday, July 27th. BidaskClub cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Thursday, July 26th. Piper Jaffray Companies set a $48.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research note on Tuesday, October 30th. ValuEngine cut shares of Mondelez International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $45.00 to $47.00 and gave the stock a “$41.68” rating in a research report on Monday, July 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $49.17.

In other news, EVP Daniel P. Myers sold 27,963 shares of the business’s stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total value of $1,214,712.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maurizio Brusadelli sold 7,381 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $43.74, for a total transaction of $322,844.94. Following the completion of the transaction, the executive vice president now directly owns 73,959 shares of the company’s stock, valued at approximately $3,234,966.66. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Several large investors have recently bought and sold shares of MDLZ. DekaBank Deutsche Girozentrale grew its holdings in Mondelez International by 9.1% in the third quarter. DekaBank Deutsche Girozentrale now owns 197,866 shares of the company’s stock valued at $8,673,000 after purchasing an additional 16,525 shares during the period. CIBC World Markets Inc. grew its holdings in Mondelez International by 11.6% in the third quarter. CIBC World Markets Inc. now owns 159,991 shares of the company’s stock valued at $6,873,000 after purchasing an additional 16,646 shares during the period. Sarasin & Partners LLP purchased a new stake in Mondelez International in the third quarter valued at approximately $6,789,000. Rafferty Asset Management LLC grew its holdings in Mondelez International by 8.4% in the third quarter. Rafferty Asset Management LLC now owns 45,245 shares of the company’s stock valued at $1,944,000 after purchasing an additional 3,499 shares during the period. Finally, FIL Ltd grew its holdings in Mondelez International by 22.6% in the third quarter. FIL Ltd now owns 516,084 shares of the company’s stock valued at $22,171,000 after purchasing an additional 95,184 shares during the period. 75.00% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ MDLZ traded up $0.36 during midday trading on Friday, hitting $44.30. The company had a trading volume of 7,149,656 shares, compared to its average volume of 9,174,122. The company has a quick ratio of 0.38, a current ratio of 0.56 and a debt-to-equity ratio of 0.58. Mondelez International has a twelve month low of $37.42 and a twelve month high of $46.54. The stock has a market capitalization of $64.03 billion, a price-to-earnings ratio of 20.70, a price-to-earnings-growth ratio of 1.99 and a beta of 0.75.

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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Earnings History and Estimates for Mondelez International (NASDAQ:MDLZ)

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