Mondelez International, Inc. (NASDAQ:MDLZ) Issues Earnings Results, Beats Expectations By $0.02 EPS
Mondelez International, Inc. (NASDAQ:MDLZ) released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.02, Morningstar.com reports. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue for the quarter was down 5.0% on a year-over-year basis.
Mondelez International (NASDAQ MDLZ) traded up 0.74% during trading on Friday, hitting $43.59. 4,874,976 shares of the company were exchanged. Mondelez International has a 12 month low of $40.50 and a 12 month high of $47.23. The company has a market capitalization of $65.72 billion, a price-to-earnings ratio of 38.34 and a beta of 1.19. The company has a 50-day moving average of $43.70 and a 200-day moving average of $44.47.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.02%. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.
TRADEMARK VIOLATION WARNING: This piece was published by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece on another publication, it was illegally copied and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be accessed at https://theolympiareport.com/2017/08/12/mondelez-international-inc-nasdaqmdlz-releases-quarterly-earnings-results-updated.html.
In related news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the transaction, the executive vice president now directly owns 61,651 shares of the company’s stock, valued at $2,697,847.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.60% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Global Financial Private Capital LLC bought a new position in shares of Mondelez International during the second quarter worth about $374,000. Ontario Teachers Pension Plan Board bought a new position in shares of Mondelez International during the second quarter worth about $4,446,000. Waters Parkerson & CO. LLC boosted its position in shares of Mondelez International by 0.7% in the second quarter. Waters Parkerson & CO. LLC now owns 15,889 shares of the company’s stock worth $686,000 after buying an additional 113 shares during the last quarter. OxFORD Asset Management LLP boosted its position in shares of Mondelez International by 127.6% in the second quarter. OxFORD Asset Management LLP now owns 59,456 shares of the company’s stock worth $2,568,000 after buying an additional 33,330 shares during the last quarter. Finally, Evercore Wealth Management LLC boosted its position in shares of Mondelez International by 10.8% in the second quarter. Evercore Wealth Management LLC now owns 22,576 shares of the company’s stock worth $975,000 after buying an additional 2,204 shares during the last quarter. 76.55% of the stock is owned by institutional investors.
Several research analysts recently weighed in on MDLZ shares. TheStreet upgraded shares of Mondelez International from a “c” rating to a “b-” rating in a research report on Wednesday, April 26th. Deutsche Bank AG raised shares of Mondelez International from a “hold” rating to a “buy” rating and upped their price objective for the company from $49.00 to $51.00 in a research note on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) set a $53.00 price objective on shares of Mondelez International and gave the company a “conviction-buy” rating in a research note on Wednesday, May 3rd. Credit Suisse Group reaffirmed a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research note on Wednesday, May 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price objective on shares of Mondelez International in a research note on Monday, May 22nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $50.33.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
Receive News & Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.