Mondelez International (MDLZ) Set to Announce Quarterly 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 posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The business had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the prior year, the business posted $0.76 earnings per share. Mondelez International’s revenue for the quarter was down 1.9% compared to the same quarter last year. 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 Stock Down 1.0 %

MDLZ opened at $69.23 on Friday. The company has a market capitalization of $92.86 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54. The business has a 50-day moving average of $72.54 and a 200-day moving average 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.

Mondelez International Increases Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MDLZ shares. Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Sanford C. Bernstein cut their price target on Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a report on Wednesday, July 17th. Stifel Nicolaus increased their price objective on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday. JPMorgan Chase & Co. boosted their target price on shares of Mondelez International from $72.00 to $73.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Finally, Citigroup increased their price target on shares of Mondelez International from $79.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus price target 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.