Mondelez International (NASDAQ:MDLZ) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Mondelez International (NASDAQ:MDLZ) released its quarterly earnings data on Tuesday. The company reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.07, Briefing.com reports. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $8.34 billion during the quarter, compared to the consensus estimate of $8.45 billion. During the same period in the previous year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was down 1.9% on a year-over-year basis.

Mondelez International Stock Performance

MDLZ traded down $0.05 during trading on Tuesday, hitting $67.05. 7,696,142 shares of the stock were exchanged, compared to its average volume of 7,203,286. The firm has a market capitalization of $89.94 billion, a P/E ratio of 21.30, a PEG ratio of 2.75 and a beta of 0.53. Mondelez International has a 1-year low of $60.75 and a 1-year high of $77.20. The stock has a fifty day moving average price of $66.88 and a two-hundred day moving average price of $69.90. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59.

Mondelez International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 12th. Shareholders of record on Friday, June 28th were given a dividend of $0.425 per share. This represents a $1.70 annualized dividend and a yield of 2.54%. The ex-dividend date was Friday, June 28th. Mondelez International’s dividend payout ratio (DPR) is 53.97%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft dropped their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Stifel Nicolaus decreased their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. JPMorgan Chase & Co. decreased their price target on Mondelez International from $82.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Bank of America decreased their price target on Mondelez International from $82.00 to $80.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Finally, Evercore ISI decreased their price target on Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.39.

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.