Mondelez International, Inc. (NASDAQ:MDLZ) Expected to Post Q2 2024 Earnings of $0.80 Per Share

Mondelez International, Inc. (NASDAQ:MDLZ) – Equities researchers at DA Davidson issued their Q2 2024 earnings estimates for shares of Mondelez International in a report issued on Monday, May 6th. DA Davidson analyst B. Holland anticipates that the company will post earnings of $0.80 per share for the quarter. The consensus estimate for Mondelez International’s current full-year earnings is $3.50 per share. DA Davidson also issued estimates for Mondelez International’s FY2024 earnings at $3.53 EPS and FY2025 earnings at $3.91 EPS.

A number of other research firms also recently issued reports on MDLZ. Citigroup decreased their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Sanford C. Bernstein lifted their price target on Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Barclays reduced their price objective on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Deutsche Bank Aktiengesellschaft raised their price objective on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 18th. Finally, StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $80.75.

Mondelez International Stock Down 0.6 %

NASDAQ MDLZ opened at $70.43 on Tuesday. The stock has a 50 day moving average price of $70.10 and a 200-day moving average price of $71.10. Mondelez International has a one year low of $60.75 and a one year high of $78.54. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The company has a market capitalization of $94.83 billion, a P/E ratio of 22.36, a P/E/G ratio of 2.47 and a beta of 0.55.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Tuesday, April 30th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The company had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. During the same period in the prior year, the company earned $0.89 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis.

Institutional Trading of Mondelez International

Several institutional investors and hedge funds have recently modified their holdings of the stock. Brown Advisory Inc. raised its stake in Mondelez International by 1.1% in the third quarter. Brown Advisory Inc. now owns 199,365 shares of the company’s stock worth $13,836,000 after buying an additional 2,076 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Mondelez International by 2.8% in the 3rd quarter. Verdence Capital Advisors LLC now owns 15,389 shares of the company’s stock valued at $1,068,000 after buying an additional 420 shares in the last quarter. Foyston Gordon & Payne Inc grew its position in shares of Mondelez International by 2.6% in the 3rd quarter. Foyston Gordon & Payne Inc now owns 135,671 shares of the company’s stock worth $9,416,000 after buying an additional 3,459 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Mondelez International by 17.6% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,406,521 shares of the company’s stock worth $97,613,000 after acquiring an additional 210,870 shares in the last quarter. Finally, NBT Bank N A NY lifted its position in Mondelez International by 184.2% during the third quarter. NBT Bank N A NY now owns 80,720 shares of the company’s stock valued at $5,602,000 after acquiring an additional 52,319 shares during the last quarter. 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.