Zacks Research Issues Negative Estimate for MDLZ Earnings

Mondelez International, Inc. (NASDAQ:MDLZ) – Research analysts at Zacks Research decreased their Q4 2024 earnings per share (EPS) estimates for Mondelez International in a research report issued 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 forecast 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.

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

Several other research firms have also issued reports on MDLZ. Citigroup lowered their target price 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. Bank of America boosted their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Redburn Atlantic initiated coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. DA Davidson decreased their price objective on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Piper Sandler boosted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Price Performance

MDLZ stock opened at $64.79 on Thursday. The firm has a 50 day moving average price of $70.26 and a 200-day moving average price of $69.38. Mondelez International has a 52-week low of $63.40 and a 52-week high of $77.20. The firm has a market capitalization of $86.64 billion, a price-to-earnings ratio of 22.98, a PEG ratio of 2.88 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Institutional Trading of Mondelez International

Several hedge funds have recently bought and sold shares of the stock. Truvestments Capital LLC purchased a new stake in shares of Mondelez International during the 3rd quarter valued at about $25,000. Prospera Private Wealth LLC bought a new position in Mondelez International during the 3rd quarter valued at about $27,000. Richardson Financial Services Inc. grew its holdings in Mondelez International by 100.0% during the 3rd quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. bought a new position in Mondelez International in the 2nd quarter worth about $26,000. Finally, Lynx Investment Advisory bought a new position in Mondelez International in the 2nd quarter worth about $27,000. 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.