Mondelez International, Inc. (MDLZ) Trading Up 5.4% on Earnings Beat

Mondelez International, Inc. (NASDAQ:MDLZ)’s share price was up 5.4% during trading on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $42.49 and last traded at $41.43. Approximately 16,663,701 shares were traded during mid-day trading, an increase of 93% from the average daily volume of 8,614,340 shares. The stock had previously closed at $39.30.

The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The business had revenue of $6.53 billion during the quarter, compared to analysts’ expectations of $6.45 billion. During the same quarter in the prior year, the company posted $0.52 EPS. The business’s revenue for the quarter was up 2.1% on a year-over-year basis.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Stockholders of record on Friday, September 29th were paid a $0.22 dividend. This is a boost from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.12%. Mondelez International’s dividend payout ratio is 77.19%.

Several analysts have recently weighed in on MDLZ shares. Zacks Investment Research cut shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Royal Bank Of Canada reissued an “outperform” rating and issued a $53.00 price target (down previously from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. Piper Jaffray Companies reissued a “buy” rating and issued a $49.00 price target on shares of Mondelez International in a research note on Tuesday, September 19th. Susquehanna Bancshares Inc reissued a “hold” rating on shares of Mondelez International in a research note on Wednesday, August 2nd. Finally, UBS AG reissued a “buy” rating and issued a $51.00 price target on shares of Mondelez International in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $49.79.

In other Mondelez International news, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $40.94, for a total transaction of $286,580.00. Following the sale, the executive vice president now directly owns 20,965 shares in the company, valued at approximately $858,307.10. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total transaction of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The disclosure for this sale can be found here. Corporate insiders own 3.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in MDLZ. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Mondelez International by 95.5% during the 1st quarter. Caisse DE Depot ET Placement DU Quebec now owns 9,871,082 shares of the company’s stock worth $425,709,000 after buying an additional 4,821,400 shares in the last quarter. Bessemer Group Inc. lifted its holdings in Mondelez International by 8,492.9% during the 2nd quarter. Bessemer Group Inc. now owns 4,136,467 shares of the company’s stock worth $178,655,000 after buying an additional 4,088,329 shares in the last quarter. Lindsell Train Ltd lifted its holdings in Mondelez International by 18.3% during the 3rd quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after buying an additional 3,086,000 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Mondelez International by 186.2% during the 1st quarter. Renaissance Technologies LLC now owns 4,573,598 shares of the company’s stock worth $197,031,000 after buying an additional 2,975,800 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Mondelez International by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 97,631,640 shares of the company’s stock worth $4,205,971,000 after buying an additional 2,720,253 shares in the last quarter. Institutional investors own 75.42% of the company’s stock.

The firm has a market cap of $62.46 billion, a P/E ratio of 36.44 and a beta of 1.20. The stock has a 50 day moving average price of $40.88 and a 200-day moving average price of $43.35.

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Mondelez International Company Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

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