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

Mondelez International, Inc. (NASDAQ:MDLZ) – Research analysts at DA Davidson issued their Q2 2024 EPS estimates for shares of Mondelez International in a research note issued on Monday, May 6th. DA Davidson analyst B. Holland anticipates 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.

A number of other research firms have also recently weighed in on MDLZ. 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 report on Thursday, April 11th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Mondelez International from $78.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, January 18th. Stifel Nicolaus raised their price target on Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Sanford C. Bernstein raised their price objective on shares of Mondelez International from $88.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lowered 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. One research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $80.75.

Mondelez International Price Performance

Shares of NASDAQ MDLZ opened at $70.89 on Tuesday. The stock’s 50-day simple moving average is $70.10 and its 200-day simple moving average is $71.10. The firm has a market capitalization of $95.45 billion, a PE ratio of 22.50, a price-to-earnings-growth ratio of 2.47 and a beta of 0.55. Mondelez International has a fifty-two week low of $60.75 and a fifty-two week 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.

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

Hedge Funds Weigh In On Mondelez International

Institutional investors have recently modified their holdings of the company. Bogart Wealth LLC grew its holdings in Mondelez International by 63.9% in the fourth quarter. Bogart Wealth LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 140 shares during the period. Ables Iannone Moore & Associates Inc. acquired a new position in Mondelez International in the fourth quarter valued at $26,000. Carmel Capital Partners LLC purchased a new stake in Mondelez International during the third quarter valued at about $28,000. First Command Advisory Services Inc. purchased a new position in shares of Mondelez International in the 3rd quarter worth about $29,000. Finally, HHM Wealth Advisors LLC acquired a new stake in shares of Mondelez International in the fourth quarter worth $29,000. Institutional investors and hedge funds 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.