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

Mondelez International, Inc. (NASDAQ:MDLZ) – Investment analysts at DA Davidson issued their Q2 2024 EPS estimates for Mondelez International in a research report issued to clients and investors on Monday, May 6th. DA Davidson analyst B. Holland forecasts that the company will earn $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.

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

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

Mondelez International Stock Down 0.6 %

Shares of NASDAQ:MDLZ opened at $70.43 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. 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 has a 52-week low of $60.75 and a 52-week high of $78.54. The stock’s fifty day simple moving average is $70.10 and its 200-day simple moving average is $71.10.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Norges Bank purchased a new position in Mondelez International in the 4th quarter worth approximately $1,231,413,000. Capital Research Global Investors boosted its stake in shares of Mondelez International by 26.9% in the fourth quarter. Capital Research Global Investors now owns 30,291,001 shares of the company’s stock valued at $2,193,977,000 after purchasing an additional 6,426,928 shares during the period. First Trust Advisors LP grew its holdings in Mondelez International by 152.3% during the 4th quarter. First Trust Advisors LP now owns 4,114,581 shares of the company’s stock valued at $298,019,000 after purchasing an additional 2,483,972 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Mondelez International by 4.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 36,406,133 shares of the company’s stock valued at $2,636,897,000 after purchasing an additional 1,686,229 shares in the last quarter. Finally, Barclays PLC increased its stake in Mondelez International by 48.8% during the 3rd quarter. Barclays PLC now owns 4,948,322 shares of the company’s stock worth $343,411,000 after buying an additional 1,623,588 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

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.