Mondelez International (NASDAQ:MDLZ) Announces Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Mondelez International (NASDAQ:MDLZ) released its earnings results on Tuesday. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06, Briefing.com reports. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company had revenue of $9.29 billion for the quarter, compared to the consensus estimate of $9.16 billion. During the same period in the previous year, the business earned $0.89 earnings per share. Mondelez International’s quarterly revenue was up 1.4% compared to the same quarter last year.

Mondelez International Trading Up 0.0 %

MDLZ opened at $70.70 on Thursday. The stock has a market cap of $95.20 billion, a price-to-earnings ratio of 22.44, a P/E/G ratio of 2.50 and a beta of 0.55. The stock’s 50 day moving average price is $70.36 and its 200-day moving average price is $70.87. Mondelez International has a one year low of $60.75 and a one year high of $78.54. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.43 and a current ratio of 0.62.

Mondelez International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 11th. Stockholders 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 2.40%. Mondelez International’s dividend payout ratio is 53.97%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on MDLZ. Deutsche Bank Aktiengesellschaft boosted their price objective on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Sanford C. Bernstein boosted their price objective on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday. Barclays reduced their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. JPMorgan Chase & Co. reduced their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Stifel Nicolaus lifted their target price on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.75.

Mondelez International Company Profile

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.