Equities Analysts Issue Forecasts for MDLZ FY2024 Earnings

Mondelez International, Inc. (NASDAQ:MDLZ) – DA Davidson boosted their FY2024 earnings per share estimates for Mondelez International in a report released on Thursday, October 31st. DA Davidson analyst B. Holland now forecasts that the company will post earnings per share of $3.53 for the year, up from their previous estimate of $3.50. DA Davidson 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. DA Davidson also issued estimates for Mondelez International’s Q4 2024 earnings at $0.72 EPS.

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

MDLZ has been the subject of a number of other reports. Evercore ISI raised their price objective on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Bank of America raised their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Stifel Nicolaus raised their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Piper Sandler raised their target price on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $79.94.

Mondelez International Price Performance

Shares of MDLZ opened at $68.51 on Friday. Mondelez International has a 1 year low of $64.18 and a 1 year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.50. The company has a market capitalization of $91.52 billion, a price-to-earnings ratio of 24.29, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. The business has a 50-day moving average of $72.35 and a 200-day moving average of $69.76.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. XML Financial LLC boosted its position in shares of Mondelez International by 2.8% during the third quarter. XML Financial LLC now owns 15,104 shares of the company’s stock valued at $1,113,000 after buying an additional 418 shares during the last quarter. Essex Savings Bank boosted its position in shares of Mondelez International by 5.7% during the third quarter. Essex Savings Bank now owns 13,188 shares of the company’s stock valued at $972,000 after buying an additional 715 shares during the last quarter. Resolute Advisors LLC purchased a new position in shares of Mondelez International during the third quarter valued at approximately $215,000. Lindbrook Capital LLC boosted its position in shares of Mondelez International by 5.0% during the third quarter. Lindbrook Capital LLC now owns 7,477 shares of the company’s stock valued at $551,000 after buying an additional 356 shares during the last quarter. Finally, Assetmark Inc. boosted its position in shares of Mondelez International by 6.5% during the third quarter. Assetmark Inc. now owns 96,741 shares of the company’s stock valued at $7,127,000 after buying an additional 5,892 shares during the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.

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.