Mondelez International, Inc. (MDLZ) to Post FY2019 Earnings of $2.64 Per Share, CLSA Forecasts

Mondelez International, Inc. (NASDAQ:MDLZ) – Research analysts at CLSA cut their FY2019 EPS estimates for shares of Mondelez International in a note issued to investors on Wednesday. CLSA analyst M. Lavery now anticipates that the brokerage will post earnings of $2.64 per share for the year, down from their prior forecast of $2.68.

Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st. Susquehanna Bancshares Inc set a $53.00 price target on Mondelez International and gave the company a “buy” rating in a research note on Monday, February 6th. RBC Capital Markets reaffirmed an “outperform” rating and issued a $54.00 price target on shares of Mondelez International in a research note on Wednesday, October 26th. TheStreet lowered Mondelez International from a “b” rating to a “hold” rating in a research note on Thursday. Finally, Citigroup Inc. lowered Mondelez International from a “positive” rating to a “neutral” rating and set a $53.00 price target on the stock. in a research note on Wednesday. They noted that the move was a valuation call. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $48.59.

Earnings History and Estimates for Mondelez International (NASDAQ:MDLZ)

ILLEGAL ACTIVITY WARNING: This piece was first reported by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece on another site, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this piece can be accessed at http://sleekmoney.com/mondelez-international-inc-mdlz-to-post-fy2019-earnings-of-2-64-per-share-clsa-forecasts/1655985.html.

Mondelez International (NASDAQ:MDLZ) traded up 0.65% during trading on Thursday, reaching $44.99. The company’s stock had a trading volume of 9,971,159 shares. The stock has a market capitalization of $69.28 billion, a PE ratio of 42.85 and a beta of 1.08. Mondelez International has a 1-year low of $38.40 and a 1-year high of $46.40. The stock has a 50 day moving average price of $44.65 and a 200 day moving average price of $43.49.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, February 7th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by $0.01. Mondelez International had a net margin of 6.40% and a return on equity of 11.12%. The company earned $6.77 billion during the quarter, compared to analysts’ expectations of $6.86 billion. During the same quarter last year, the firm earned $0.46 EPS. Mondelez International’s revenue for the quarter was down 8.1% on a year-over-year basis.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Stockholders of record on Friday, March 31st will be issued a $0.19 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.69%. Mondelez International’s payout ratio is currently 72.38%.

In other Mondelez International news, Director Charles E. Bunch acquired 2,000 shares of the company’s stock in a transaction dated Thursday, February 9th. The shares were acquired at an average price of $44.95 per share, for a total transaction of $89,900.00. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.90% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This piece was first reported by sleekmoney and is the sole property of of sleekmoney. If you are reading this piece on another site, it was stolen and reposted in violation of US & international copyright and trademark legislation. The legal version of this piece can be accessed at http://sleekmoney.com/mondelez-international-inc-mdlz-to-post-fy2019-earnings-of-2-64-per-share-clsa-forecasts/1655985.html.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDLZ. Hillhouse Capital Management Ltd. bought a new stake in Mondelez International during the third quarter worth $408,336,000. Price T Rowe Associates Inc. MD boosted its stake in Mondelez International by 26.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 39,864,922 shares of the company’s stock worth $1,750,070,000 after buying an additional 8,368,329 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in Mondelez International during the third quarter worth $207,459,000. Jana Partners LLC bought a new stake in Mondelez International during the third quarter worth $145,310,000. Finally, UBS Asset Management Americas Inc. boosted its stake in Mondelez International by 45.6% in the second quarter. UBS Asset Management Americas Inc. now owns 9,676,174 shares of the company’s stock worth $440,362,000 after buying an additional 3,028,890 shares during the last quarter. Hedge funds and other institutional investors own 75.50% of the company’s stock.

About Mondelez International

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.

5 Day Chart for NASDAQ:MDLZ

This story was originally published by sleekmoney (http://sleekmoney.com) and is the sole property of sleekmoney. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at http://sleekmoney.com/mondelez-international-inc-mdlz-to-post-fy2019-earnings-of-2-64-per-share-clsa-forecasts/1655985.html

Receive News & Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

 

Leave a Reply

Your email address will not be published. Required fields are marked *