Mondelez International (NASDAQ:MDLZ) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Mondelez International (NASDAQ:MDLZ) posted its quarterly earnings data on Tuesday. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01), Zacks reports. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%.

Mondelez International Price Performance

NASDAQ:MDLZ traded down $1.29 during trading hours on Tuesday, reaching $56.12. 12,319,949 shares of the company were exchanged, compared to its average volume of 10,307,969. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm has a market cap of $75.04 billion, a PE ratio of 19.90, a price-to-earnings-growth ratio of 3.12 and a beta of 0.54. Mondelez International has a twelve month low of $55.88 and a twelve month high of $76.69. The stock’s 50-day moving average is $59.94 and its 200-day moving average is $66.60.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.35%. Mondelez International’s dividend payout ratio (DPR) is 66.67%.

Analyst Upgrades and Downgrades

MDLZ has been the topic of a number of research analyst reports. Piper Sandler lowered Mondelez International from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $70.00 to $63.00 in a research note on Friday. Wells Fargo & Company restated an “equal weight” rating and set a $61.00 price target (down previously from $74.00) on shares of Mondelez International in a research note on Tuesday, January 7th. The Goldman Sachs Group decreased their price target on shares of Mondelez International from $79.00 to $68.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Citigroup dropped their price objective on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $67.00 to $62.00 and set a “hold” rating for the company in a research note on Wednesday, January 22nd. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $72.76.

Mondelez International announced that its Board of Directors has approved a stock repurchase program on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

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.