Mondelez International (NASDAQ:MDLZ) Announces Earnings Results

Mondelez International (NASDAQ:MDLZ) released its earnings results on Tuesday. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06, Briefing.com reports. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. The company’s revenue was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 EPS.

Mondelez International Trading Up 0.2 %

Mondelez International stock traded up $0.11 during midday trading on Tuesday, reaching $71.94. The stock had a trading volume of 10,609,834 shares, compared to its average volume of 7,950,326. Mondelez International has a 52-week low of $60.75 and a 52-week high of $78.54. The company has a fifty day moving average of $70.45 and a 200 day moving average of $70.79. The firm has a market cap of $96.87 billion, a price-to-earnings ratio of 19.98, a price-to-earnings-growth ratio of 2.46 and a beta of 0.56. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Investors of record on Thursday, March 28th were paid a dividend of $0.425 per share. The ex-dividend date was Wednesday, March 27th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.36%. Mondelez International’s dividend payout ratio is presently 46.83%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MDLZ. Barclays reduced their target price on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. JPMorgan Chase & Co. cut their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Citigroup cut their target price on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. Finally, Stifel Nicolaus lifted their price objective on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $80.50.

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.