DA Davidson Has Bullish Outlook for MDLZ FY2024 Earnings

Mondelez International, Inc. (NASDAQ:MDLZ) – Equities researchers at DA Davidson raised their FY2024 earnings per share estimates for shares of Mondelez International in a research report issued on Thursday, October 24th. DA Davidson analyst B. Holland now forecasts that the company will post earnings of $3.50 per share for the year, up from their prior estimate of $3.47. DA Davidson currently has a “Buy” rating and a $75.00 price target 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 FY2025 earnings at $3.60 EPS.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The business had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s revenue was down 1.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share.

A number of other equities research analysts have also recently commented on the company. Stifel Nicolaus raised their price target on Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a report on Friday. Evercore ISI boosted their price target on Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Piper Sandler cut their price objective on shares of Mondelez International from $76.00 to $74.00 and set an “overweight” rating for the company in a report on Wednesday, October 23rd. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Bank of America raised their target price on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, October 15th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.35.

Mondelez International Stock Up 0.4 %

Shares of MDLZ stock opened at $69.54 on Monday. The company has a market capitalization of $93.28 billion, a price-to-earnings ratio of 22.08, a PEG ratio of 2.98 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The company’s fifty day moving average price is $72.51 and its 200-day moving average price is $69.73. Mondelez International has a one year low of $64.18 and a one year high of $77.20.

Institutional Investors Weigh In On Mondelez International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Axiom Advisory LLC increased its stake in shares of Mondelez International by 1.6% during the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock worth $643,000 after purchasing an additional 143 shares in the last quarter. Cadence Bank boosted its holdings in Mondelez International by 1.3% in the 1st quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after buying an additional 148 shares during the last quarter. Evermay Wealth Management LLC increased its stake in Mondelez International by 2.6% during the 1st quarter. Evermay Wealth Management LLC now owns 5,812 shares of the company’s stock worth $409,000 after buying an additional 149 shares in the last quarter. Sachetta LLC raised its holdings in shares of Mondelez International by 14.0% during the second quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after acquiring an additional 149 shares during the last quarter. Finally, Carnegie Investment Counsel lifted its position in shares of Mondelez International by 1.4% in the third quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after acquiring an additional 151 shares in the last quarter. 78.32% of the stock is currently owned by hedge funds and other institutional investors.

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.