Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) - Zacks Research decreased their Q3 2023 earnings estimates for shares of Mondelez International in a report issued on Thursday, August 10th. Zacks Research analyst P. Dhar now expects that the company will post earnings per share of $0.78 for the quarter, down from their previous estimate of $0.80. The consensus estimate for Mondelez International's current full-year earnings is $3.24 per share. Zacks Research also issued estimates for Mondelez International's Q1 2024 earnings at $0.87 EPS, Q2 2024 earnings at $0.81 EPS, FY2024 earnings at $3.41 EPS, Q1 2025 earnings at $0.97 EPS, Q2 2025 earnings at $0.89 EPS and FY2025 earnings at $3.78 EPS.
Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its quarterly earnings data on Thursday, July 27th. The company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.07. The company had revenue of $8.51 billion for the quarter, compared to analysts' expectations of $8.22 billion. Mondelez International had a net margin of 12.13% and a return on equity of 15.49%. The business's revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Other analysts have also recently issued reports about the stock. UBS Group lifted their target price on shares of Mondelez International from $72.00 to $78.00 in a research note on Friday, April 28th. Stifel Nicolaus lifted their price target on shares of Mondelez International from $78.00 to $82.00 in a research report on Friday, April 28th. Sanford C. Bernstein lifted their price target on shares of Mondelez International from $79.00 to $85.00 in a research report on Friday, April 28th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Mondelez International from $76.00 to $80.00 in a research report on Friday, April 28th. Finally, Morgan Stanley lifted their price target on shares of Mondelez International from $79.00 to $82.00 and gave the company an "overweight" rating in a research report on Friday, July 28th. Four research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.39.
Read Our Latest Report on MDLZ
Mondelez International Price Performance
NASDAQ MDLZ opened at $73.97 on Monday. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $100.63 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 2.52 and a beta of 0.63. The company has a 50 day moving average price of $73.29 and a two-hundred day moving average price of $71.21. Mondelez International has a 12-month low of $54.72 and a 12-month high of $78.59.
Institutional Trading of Mondelez International
A number of institutional investors and hedge funds have recently modified their holdings of MDLZ. Retirement Group LLC bought a new stake in shares of Mondelez International in the 4th quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE bought a new stake in Mondelez International during the 1st quarter worth approximately $26,000. Capital Directions Investment Advisors LLC bought a new stake in Mondelez International during the 4th quarter worth approximately $27,000. Oliver Lagore Vanvalin Investment Group increased its stake in Mondelez International by 80.1% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 407 shares of the company's stock worth $27,000 after purchasing an additional 181 shares in the last quarter. Finally, Thompson Investment Management Inc. bought a new stake in Mondelez International during the 1st quarter worth approximately $28,000. 79.42% of the stock is owned by institutional investors.
Mondelez International Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.425 dividend. The ex-dividend date is Thursday, September 28th. This is a boost from Mondelez International's previous quarterly dividend of $0.39. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.30%. Mondelez International's dividend payout ratio is 50.99%.
About Mondelez International
(Get Free Report
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.
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