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

Mondelez International, Inc. (NASDAQ:MDLZ) – DA Davidson issued their Q2 2024 earnings per share (EPS) estimates for Mondelez International in a note issued to investors on Monday, May 6th. DA Davidson analyst B. Holland forecasts that the company will post earnings per share of $0.80 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.

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

A number of other brokerages have also weighed in on MDLZ. JPMorgan Chase & Co. dropped their target price on shares of Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Barclays dropped their price objective on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Sanford C. Bernstein raised their price objective on Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Stifel Nicolaus boosted their target price on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, January 18th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and an average target price of $80.75.

Mondelez International Trading Up 1.4 %

Shares of MDLZ opened at $70.89 on Tuesday. The firm has a market cap of $95.45 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63. Mondelez International has a 1 year low of $60.75 and a 1 year high of $78.54. The company has a 50 day simple moving average of $70.10 and a two-hundred day simple moving average of $71.10.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Meeder Advisory Services Inc. raised its stake in Mondelez International by 1.9% in the first quarter. Meeder Advisory Services Inc. now owns 21,956 shares of the company’s stock valued at $1,537,000 after buying an additional 416 shares during the last quarter. Meeder Asset Management Inc. raised its position in shares of Mondelez International by 424.7% in the 1st quarter. Meeder Asset Management Inc. now owns 15,060 shares of the company’s stock valued at $1,054,000 after purchasing an additional 12,190 shares during the last quarter. Pointe Capital Management LLC boosted its stake in Mondelez International by 20.4% in the 1st quarter. Pointe Capital Management LLC now owns 12,777 shares of the company’s stock worth $894,000 after purchasing an additional 2,166 shares in the last quarter. Choate Investment Advisors grew its position in Mondelez International by 1.9% during the 1st quarter. Choate Investment Advisors now owns 9,940 shares of the company’s stock worth $696,000 after purchasing an additional 185 shares during the last quarter. Finally, Fiduciary Family Office LLC grew its position in Mondelez International by 13.2% during the 1st quarter. Fiduciary Family Office LLC now owns 13,522 shares of the company’s stock worth $947,000 after purchasing an additional 1,582 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.

Mondelez International Company Profile

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.