Mondelez International (NASDAQ:MDLZ) Releases Quarterly Earnings Results

Mondelez International (NASDAQ:MDLZ) issued its quarterly earnings data on Tuesday. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.14, Briefing.com reports. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.82 earnings per share.

Mondelez International Price Performance

Shares of NASDAQ MDLZ traded up $0.66 during trading hours on Wednesday, hitting $69.81. 4,430,970 shares of the stock were exchanged, compared to its average volume of 6,754,869. The company’s fifty day simple moving average is $72.47 and its two-hundred day simple moving average is $69.75. The company has a market cap of $93.25 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 2.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.50 and a current ratio of 0.68. Mondelez International has a 1-year low of $64.18 and a 1-year high of $77.20.

Analyst Ratings Changes

MDLZ has been the topic of several research analyst reports. Stifel Nicolaus increased their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday, October 25th. Bank of America increased their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Piper Sandler lifted their price target on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a report on Wednesday. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. One research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $80.06.

About Mondelez International

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.