Mondelez International (NASDAQ:MDLZ) released its quarterly earnings data on Tuesday. The company reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07, MarketWatch Earnings reports. The company had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.92 billion. Mondelez International had a net margin of 13.31% and a return on equity of 14.02%. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share.

NASDAQ:MDLZ traded down $0.78 during midday trading on Friday, hitting $54.99. The company’s stock had a trading volume of 161,884 shares, compared to its average volume of 5,450,023. Mondelez International has a fifty-two week low of $41.19 and a fifty-two week high of $59.96. The firm’s 50 day moving average is $52.31 and its 200-day moving average is $52.79. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.55 and a quick ratio of 0.39. The firm has a market cap of $78.95 billion, a P/E ratio of 23.20, a P/E/G ratio of 3.22 and a beta of 0.61.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be issued a $0.315 dividend. This represents a $1.26 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Tuesday, September 29th. This is an increase from Mondelez International’s previous quarterly dividend of $0.29. Mondelez International’s dividend payout ratio is 46.15%.

MDLZ has been the subject of several analyst reports. Credit Suisse Group increased their price target on shares of Mondelez International from $62.00 to $64.00 and gave the company an “outperform” rating in a research report on Wednesday. BidaskClub raised shares of Mondelez International from a “hold” rating to a “buy” rating in a research report on Thursday. Seaport Global Securities initiated coverage on shares of Mondelez International in a research report on Tuesday. They set a “buy” rating and a $61.00 price target for the company. Berenberg Bank raised shares of Mondelez International from a “hold” rating to a “buy” rating and increased their price target for the company from $52.00 to $61.00 in a research report on Monday, June 15th. Finally, Guggenheim increased their price target on shares of Mondelez International from $57.00 to $60.00 and gave the company a “buy” rating in a research report on Wednesday. One research analyst has rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $62.11.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Earnings History for Mondelez International (NASDAQ:MDLZ)

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