What is DA Davidson’s Forecast for MDLZ FY2024 Earnings?

Mondelez International, Inc. (NASDAQ:MDLZ) – Stock analysts at DA Davidson raised their FY2024 earnings per share (EPS) estimates for Mondelez International in a report released on Thursday, October 31st. DA Davidson analyst B. Holland now expects that the company will earn $3.53 per share for the year, up from their previous estimate of $3.50. DA Davidson has a “Buy” rating and a $75.00 price objective on the stock. The consensus estimate for Mondelez International’s current full-year earnings is $3.49 per share. DA Davidson also issued estimates for Mondelez International’s Q4 2024 earnings at $0.72 EPS.

Several other analysts also recently commented on MDLZ. Barclays dropped their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. Deutsche Bank Aktiengesellschaft cut their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Stifel Nicolaus boosted their target price on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Citigroup decreased their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Redburn Atlantic started coverage on shares of Mondelez International in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price for the company. One investment analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $79.94.

Mondelez International Stock Down 1.9 %

Shares of Mondelez International stock opened at $68.48 on Friday. Mondelez International has a 1 year low of $64.18 and a 1 year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.50. The company has a market capitalization of $91.48 billion, a P/E ratio of 24.28, a price-to-earnings-growth ratio of 2.96 and a beta of 0.54. The business has a 50-day moving average of $72.40 and a two-hundred day moving average of $69.74.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The company had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. During the same period last year, the business posted $0.82 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. grew its stake in shares of Mondelez International by 100.0% in the third quarter. Richardson Financial Services Inc. now owns 400 shares of the company’s stock valued at $28,000 after acquiring an additional 200 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Mondelez International during the 2nd quarter worth $26,000. Lynx Investment Advisory acquired a new stake in Mondelez International during the second quarter worth about $27,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Mondelez International during the 2nd quarter worth approximately $29,000. Finally, Highline Wealth Partners LLC bought a new position in Mondelez International in the third quarter valued at approximately $38,000. 78.32% of the stock is owned by institutional investors and hedge funds.

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.