Mondelez International (NASDAQ:MDLZ) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Mondelez International (NASDAQ:MDLZ) released its quarterly earnings data on Tuesday. The company reported $0.65 earnings per share 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 Trading Down 2.2 %

Mondelez International stock traded down $1.29 during midday trading on Tuesday, hitting $56.12. 12,236,212 shares of the stock were exchanged, compared to its average volume of 10,302,762. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock’s 50-day simple moving average is $59.94 and its 200 day simple moving average is $66.60. Mondelez International has a fifty-two week low of $55.88 and a fifty-two week high of $76.69. The stock has a market capitalization of $75.04 billion, a price-to-earnings ratio of 19.90, a PEG ratio of 3.12 and a beta of 0.54.

Mondelez International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.47 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.88 annualized dividend and a yield of 3.35%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

Wall Street Analysts Forecast Growth

MDLZ has been the topic of a number of recent research reports. UBS Group dropped their price objective on shares of Mondelez International from $76.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Deutsche Bank Aktiengesellschaft cut their price target on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a report on Wednesday, January 22nd. Piper Sandler cut Mondelez International from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $70.00 to $63.00 in a research note on Friday. Redburn Atlantic initiated coverage on Mondelez International in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 target price on the stock. Finally, Citigroup decreased their price target on shares of Mondelez International from $78.00 to $71.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Five investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $72.76.

Mondelez International declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in outstanding shares. This buyback authorization permits the company to buy up to 10.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

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.