Mondelez International (MDLZ) Set to Announce Earnings on Tuesday

Mondelez International (NASDAQ:MDLZ) will announce its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping the consensus estimate of $0.79 by $0.07. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a return on equity of 16.69% and a net margin of 10.97%. Mondelez International’s revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.76 EPS. On average, analysts expect Mondelez International to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Mondelez International Trading Down 1.0 %

MDLZ stock opened at $69.23 on Friday. The business has a fifty day moving average price of $72.54 and a 200 day moving average price of $69.68. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. Mondelez International has a fifty-two week low of $64.18 and a fifty-two week high of $77.20. The stock has a market capitalization of $92.86 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 2.98 and a beta of 0.54.

Mondelez International Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 14th. Stockholders of record on Monday, September 30th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 2.72%. The ex-dividend date was Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43. Mondelez International’s dividend payout ratio is presently 59.68%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein dropped their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. Bank of America upped their price objective on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Citigroup lifted their target price on Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus upped their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday. Finally, JPMorgan Chase & Co. lifted their price objective on Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.35.

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.