Mondelez International (NASDAQ:MDLZ) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Mondelez International (NASDAQ:MDLZ) posted its quarterly earnings data on Tuesday. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06, Briefing.com reports. The company had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.16 billion. Mondelez International had a net margin of 13.77% and a return on equity of 15.91%. The company’s revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business posted $0.89 earnings per share.

Mondelez International Stock Up 0.2 %

MDLZ stock traded up $0.11 during trading on Tuesday, hitting $71.94. 10,609,834 shares of the company’s stock traded hands, compared to its average volume of 7,950,326. The business has a fifty day simple moving average of $70.45 and a two-hundred day simple moving average of $70.79. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. Mondelez International has a 1 year low of $60.75 and a 1 year high of $78.54. The firm has a market capitalization of $96.87 billion, a P/E ratio of 19.98, a PEG ratio of 2.46 and a beta of 0.56.

Mondelez International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date of this dividend was Wednesday, March 27th. Mondelez International’s payout ratio is 46.83%.

Analysts Set New Price Targets

MDLZ has been the topic of several research reports. Citigroup cut their price objective on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. StockNews.com downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. 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 note on Thursday, January 25th. JPMorgan Chase & Co. reduced their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Finally, Barclays cut their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and a consensus price target of $80.50.

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.