FY2018 EPS Estimates for Mondelez International Inc. (MDLZ) Raised by Analyst
Mondelez International Inc. (NASDAQ:MDLZ) – Research analysts at Credit Agricole SA upped their FY2018 earnings per share (EPS) estimates for Mondelez International in a research note issued to investors on Monday. Credit Agricole SA analyst M. Lavery now expects that the brokerage will earn $2.38 per share for the year, up from their prior forecast of $2.37.
MDLZ has been the topic of a number of other research reports. Susquehanna upgraded shares of Mondelez International from a “neutral” rating to a “positive” rating and boosted their price target for the company from $46.00 to $60.00 in a report on Monday, July 25th. RBC Capital Markets reaffirmed an “outperform” rating and set a $54.00 price objective (up from $52.00) on shares of Mondelez International in a research report on Thursday, July 28th. Credit Suisse Group AG reaffirmed an “outperform” rating and set a $51.00 price objective on shares of Mondelez International in a research report on Friday, September 9th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Mondelez International in a research report on Friday, July 15th. Finally, Morgan Stanley boosted their price objective on shares of Mondelez International from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. Mondelez International currently has an average rating of “Buy” and a consensus target price of $47.49.
Shares of Mondelez International (NASDAQ:MDLZ) remained flat at $42.12 during trading on Wednesday. 3,586,228 shares of the company’s stock traded hands. The firm has a market cap of $65.52 billion, a PE ratio of 8.93 and a beta of 1.02. Mondelez International has a one year low of $35.88 and a one year high of $47.42. The company’s 50-day moving average is $43.12 and its 200 day moving average is $43.64.
Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Wednesday, July 27th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. Mondelez International had a net margin of 28.01% and a return on equity of 10.15%. The business had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.34 billion. During the same quarter last year, the firm posted $0.47 EPS. The business’s revenue for the quarter was down 17.7% compared to the same quarter last year.
Several institutional investors have recently made changes to their positions in MDLZ. Vanguard Group Inc. boosted its position in shares of Mondelez International by 1.1% in the second quarter. Vanguard Group Inc. now owns 91,285,945 shares of the company’s stock worth $4,154,422,000 after buying an additional 1,011,043 shares in the last quarter. State Street Corp boosted its position in shares of Mondelez International by 0.6% in the first quarter. State Street Corp now owns 63,453,955 shares of the company’s stock worth $2,545,781,000 after buying an additional 365,120 shares in the last quarter. FMR LLC boosted its position in shares of Mondelez International by 1.5% in the second quarter. FMR LLC now owns 27,803,139 shares of the company’s stock worth $1,265,321,000 after buying an additional 408,006 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Mondelez International by 0.8% in the second quarter. Macquarie Group Ltd. now owns 16,256,406 shares of the company’s stock worth $739,829,000 after buying an additional 128,759 shares in the last quarter. Finally, BlackRock Group LTD boosted its position in shares of Mondelez International by 0.9% in the second quarter. BlackRock Group LTD now owns 14,136,592 shares of the company’s stock worth $643,356,000 after buying an additional 122,586 shares in the last quarter. Institutional investors own 75.94% of the company’s stock.
About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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