Mondelez International, Inc. (NASDAQ:MDLZ – Get Rating) – Stock analysts at Jefferies Financial Group issued their Q2 2022 earnings per share estimates for shares of Mondelez International in a report issued on Monday, June 20th. Jefferies Financial Group analyst R. Dickerson anticipates that the company will post earnings per share of $0.64 for the quarter. The consensus estimate for Mondelez International’s current full-year earnings is $2.97 per share. Jefferies Financial Group also issued estimates for Mondelez International’s FY2022 earnings at $2.90 EPS.
Several other research analysts also recently commented on MDLZ. UBS Group began coverage on Mondelez International in a report on Wednesday, March 30th. They set a “buy” rating and a $73.00 price objective on the stock. Credit Suisse Group began coverage on Mondelez International in a report on Tuesday, April 12th. They set an “outperform” rating and a $70.00 price objective on the stock. Barclays reduced their price objective on Mondelez International from $74.00 to $73.00 and set an “overweight” rating on the stock in a report on Thursday, April 7th. Mizuho cut their price target on Mondelez International from $77.00 to $75.00 in a report on Wednesday, April 27th. Finally, Morgan Stanley cut their price target on Mondelez International from $73.00 to $70.00 and set an “overweight” rating on the stock in a report on Wednesday, April 13th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.55.
Mondelez International (NASDAQ:MDLZ – Get Rating) last issued its quarterly earnings results on Tuesday, April 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.10. The firm had revenue of $7.76 billion during the quarter, compared to analyst estimates of $7.47 billion. Mondelez International had a return on equity of 14.72% and a net margin of 14.34%. Mondelez International’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.77 EPS.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 14th. Stockholders of record on Thursday, June 30th will be given a $0.35 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.29%. Mondelez International’s payout ratio is 47.14%.
In other news, EVP Robin S. Hargrove sold 30,500 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $65.86, for a total value of $2,008,730.00. Following the completion of the sale, the executive vice president now owns 32,024 shares of the company’s stock, valued at approximately $2,109,100.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of MDLZ. Vanguard Group Inc. lifted its holdings in shares of Mondelez International by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 115,811,776 shares of the company’s stock valued at $7,270,664,000 after buying an additional 2,302,582 shares during the period. BlackRock Inc. lifted its holdings in shares of Mondelez International by 8.6% in the 1st quarter. BlackRock Inc. now owns 95,055,488 shares of the company’s stock valued at $5,967,581,000 after buying an additional 7,536,591 shares during the period. State Street Corp lifted its holdings in shares of Mondelez International by 0.7% in the 4th quarter. State Street Corp now owns 63,975,249 shares of the company’s stock valued at $4,264,301,000 after buying an additional 456,083 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Mondelez International by 5.6% in the 1st quarter. Wellington Management Group LLP now owns 42,884,187 shares of the company’s stock valued at $2,692,268,000 after buying an additional 2,267,564 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Mondelez International by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 23,361,172 shares of the company’s stock valued at $1,544,557,000 after buying an additional 549,590 shares during the period. 77.10% of the stock is owned by institutional investors.
Mondelez International Company Profile (Get Rating)
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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
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