Zacks Research Issues Negative Forecast for MDLZ Earnings

Mondelez International, Inc. (NASDAQ:MDLZ) – Stock analysts at Zacks Research dropped their Q4 2024 EPS estimates for Mondelez International in a note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $0.68 for the quarter, down from their previous estimate of $0.84. The consensus estimate for Mondelez International’s current full-year earnings is $3.48 per share. Zacks Research also issued estimates for Mondelez International’s Q1 2025 earnings at $0.83 EPS, FY2025 earnings at $3.43 EPS, Q1 2026 earnings at $0.99 EPS and FY2026 earnings at $3.83 EPS.

Several other research firms also recently weighed in on MDLZ. Redburn Atlantic assumed coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Stifel Nicolaus lifted their price objective on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group initiated 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 lowered their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Finally, Evercore ISI boosted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, Mondelez International presently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Stock Performance

NASDAQ:MDLZ opened at $64.79 on Thursday. The company’s 50-day moving average price is $70.26 and its 200-day moving average price is $69.38. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The company has a market cap of $86.64 billion, a P/E ratio of 22.98, a P/E/G ratio of 2.88 and a beta of 0.55. Mondelez International has a twelve month low of $63.40 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.82 earnings per share.

Institutional Investors Weigh In On Mondelez International

Hedge funds have recently modified their holdings of the company. Truvestments Capital LLC acquired a new stake in shares of Mondelez International during the 3rd quarter worth about $25,000. Prospera Private Wealth LLC purchased a new position in Mondelez International in the third quarter valued at approximately $27,000. Richardson Financial Services Inc. raised its holdings in Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after buying an additional 200 shares during the period. E Fund Management Hong Kong Co. Ltd. purchased a new position in shares of Mondelez International in the second quarter valued at $26,000. Finally, Lynx Investment Advisory purchased a new stake in shares of Mondelez International during the second quarter worth about $27,000. 78.32% of the stock is owned by institutional investors and hedge funds.

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.