Mondelez International (NASDAQ:MDLZ) Issues Earnings Results

Mondelez International (NASDAQ:MDLZ) issued its earnings results on Tuesday. The company reported $0.65 earnings per share (EPS) 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 Stock Down 2.2 %

NASDAQ MDLZ traded down $1.29 during trading hours on Tuesday, hitting $56.12. 12,319,949 shares of the company were exchanged, compared to its average volume of 10,307,969. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a market cap of $75.04 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 3.12 and a beta of 0.54. The company has a 50 day moving average of $59.94 and a two-hundred day moving average of $66.60. Mondelez International has a 52-week low of $55.88 and a 52-week high of $76.69.

Mondelez International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 31st were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Tuesday, December 31st. Mondelez International’s payout ratio is currently 66.67%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MDLZ shares. Redburn Atlantic started coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective for the company. UBS Group cut their price target on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, January 16th. Citigroup decreased their price objective on Mondelez International from $78.00 to $71.00 and set a “buy” rating on the stock in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft cut 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. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Mondelez International in a research note on Thursday, January 30th. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and an average target price of $72.76.

Mondelez International declared that its board has approved a stock buyback program on Wednesday, December 11th that authorizes the company to buyback $9.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 10.7% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its stock is 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.