DA Davidson Issues Positive Outlook for MDLZ Earnings

Mondelez International, Inc. (NASDAQ:MDLZ) – Equities researchers at DA Davidson increased their Q3 2024 earnings per share estimates for shares of Mondelez International in a research note issued to investors on Thursday, October 24th. DA Davidson analyst B. Holland now forecasts that the company will post earnings per share of $0.86 for the quarter, up from their prior estimate of $0.84. DA Davidson currently has a “Buy” rating and a $75.00 price objective on the stock. The consensus estimate for Mondelez International’s current full-year earnings is $3.49 per share.

Other equities research analysts have also issued research reports about the company. Redburn Atlantic assumed coverage on Mondelez International in a research report on Tuesday. They set a “buy” rating and a $82.00 price objective on the stock. Barclays reduced their price target on Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. The Goldman Sachs Group started coverage on shares of Mondelez International in a report on Monday, August 12th. They issued a “buy” rating and a $80.00 price objective for the company. Citigroup lifted their target price on shares of Mondelez International from $79.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Finally, Piper Sandler dropped their price target on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.35.

Mondelez International Trading Down 1.0 %

MDLZ opened at $69.23 on Friday. The company’s 50 day moving average is $72.55 and its 200-day moving average is $69.67. The company has a market cap of $92.48 billion, a P/E ratio of 23.79, a PEG ratio of 2.98 and a beta of 0.54. The company has a current ratio of 0.68, a quick ratio of 0.50 and a debt-to-equity ratio of 0.58. Mondelez International has a 1-year low of $64.18 and a 1-year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. The business had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same period last year, the firm posted $0.76 earnings per share. Mondelez International’s revenue was down 1.9% compared to the same quarter last year.

Institutional Trading of Mondelez International

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hudson Valley Investment Advisors Inc. ADV raised its holdings in shares of Mondelez International by 2.3% in the 3rd quarter. Hudson Valley Investment Advisors Inc. ADV now owns 58,127 shares of the company’s stock worth $4,282,000 after purchasing an additional 1,306 shares during the period. Pinnacle Associates Ltd. increased its position in Mondelez International by 8.6% in the third quarter. Pinnacle Associates Ltd. now owns 120,896 shares of the company’s stock worth $8,756,000 after buying an additional 9,523 shares during the last quarter. WASHINGTON TRUST Co increased its position in Mondelez International by 0.3% in the third quarter. WASHINGTON TRUST Co now owns 227,435 shares of the company’s stock worth $16,755,000 after buying an additional 713 shares during the last quarter. Edge Financial Advisors LLC bought a new stake in shares of Mondelez International in the third quarter valued at $292,000. Finally, Highline Wealth Partners LLC purchased a new position in shares of Mondelez International during the 3rd quarter valued at $38,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.

Mondelez International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio (DPR) is currently 64.60%.

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.