Mondelez International, Inc. (NASDAQ:MDLZ) – Analysts at Piper Sandler upped their Q1 2021 earnings per share estimates for shares of Mondelez International in a note issued to investors on Sunday, January 10th. Piper Sandler analyst M. Lavery now anticipates that the company will post earnings per share of $0.69 for the quarter, up from their prior estimate of $0.68. Piper Sandler currently has a “Overweight” rating and a $66.00 price objective on the stock. Piper Sandler also issued estimates for Mondelez International’s Q2 2021 earnings at $0.65 EPS, Q3 2022 earnings at $0.79 EPS and FY2022 earnings at $3.03 EPS.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Monday, November 2nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.62 by $0.01. The firm had revenue of $6.67 billion for the quarter, compared to the consensus estimate of $6.48 billion. Mondelez International had a return on equity of 13.92% and a net margin of 11.99%. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share.
MDLZ opened at $57.37 on Tuesday. The stock’s fifty day moving average is $57.91 and its two-hundred day moving average is $56.32. The company has a market capitalization of $82.05 billion, a P/E ratio of 26.32, a PEG ratio of 3.24 and a beta of 0.60. Mondelez International has a 52 week low of $41.19 and a 52 week high of $60.00. The company has a quick ratio of 0.52, a current ratio of 0.74 and a debt-to-equity ratio of 0.70.
Several institutional investors have recently bought and sold shares of MDLZ. Boothbay Fund Management LLC acquired a new stake in Mondelez International during the 3rd quarter worth about $390,000. Orleans Capital Management Corp LA lifted its position in Mondelez International by 5.9% during the 3rd quarter. Orleans Capital Management Corp LA now owns 32,085 shares of the company’s stock worth $1,843,000 after acquiring an additional 1,780 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in Mondelez International by 3.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 36,654 shares of the company’s stock worth $2,106,000 after acquiring an additional 1,255 shares during the period. National Asset Management Inc. lifted its position in Mondelez International by 4.7% during the 3rd quarter. National Asset Management Inc. now owns 37,710 shares of the company’s stock worth $2,140,000 after acquiring an additional 1,689 shares during the period. Finally, Norinchukin Bank The lifted its position in Mondelez International by 3.1% during the 3rd quarter. Norinchukin Bank The now owns 127,108 shares of the company’s stock worth $7,302,000 after acquiring an additional 3,813 shares during the period. 67.37% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Vinzenz P. Gruber sold 49,719 shares of the firm’s stock in a transaction on Thursday, December 3rd. The stock was sold at an average price of $58.62, for a total value of $2,914,527.78. Following the completion of the sale, the executive vice president now owns 132,647 shares of the company’s stock, valued at approximately $7,775,767.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick Siewert acquired 2,000 shares of the stock in a transaction dated Tuesday, December 8th. The stock was acquired at an average cost of $58.42 per share, with a total value of $116,840.00. Following the transaction, the director now directly owns 37,750 shares in the company, valued at $2,205,355. The disclosure for this purchase can be found here. 1.30% of the stock is owned by company insiders.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 14th. Stockholders of record on Thursday, December 31st will be given a $0.315 dividend. The ex-dividend date is Wednesday, December 30th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.20%. Mondelez International’s payout ratio is 51.01%.
Mondelez International declared that its board has authorized a share buyback plan on Wednesday, December 2nd that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the company to buy up to 4.8% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.
Featured Story: How Investors Can Profit from Options Trading
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.