Zacks Research Has Pessimistic Outlook of MDLZ Q4 Earnings

Mondelez International, Inc. (NASDAQ:MDLZ) – Research analysts at Zacks Research reduced their Q4 2024 earnings per share (EPS) estimates for Mondelez International in a report released on Tuesday, November 19th. Zacks Research analyst R. Department now forecasts that the company will earn $0.68 per share for the quarter, down from their previous estimate of $0.84. The consensus estimate for Mondelez International’s current full-year earnings is $3.48 per share. Zacks Research also issued estimates for Mondelez International’s Q1 2025 earnings at $0.83 EPS, FY2025 earnings at $3.43 EPS, Q1 2026 earnings at $0.99 EPS and FY2026 earnings at $3.83 EPS.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly 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. The firm had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s quarterly revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 EPS.

A number of other brokerages also recently commented on MDLZ. Evercore ISI lifted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Redburn Atlantic initiated coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Bank of America raised their price objective on Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. DA Davidson decreased their target price on Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Finally, Wells Fargo & Company dropped their price target on Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $80.31.

Mondelez International Price Performance

Shares of MDLZ opened at $64.40 on Thursday. 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 company’s fifty day simple moving average is $70.04 and its 200 day simple moving average is $69.34. Mondelez International has a 1-year low of $63.40 and a 1-year high of $77.20. The company has a market cap of $86.12 billion, a price-to-earnings ratio of 22.84, a PEG ratio of 2.88 and a beta of 0.55.

Institutional Investors Weigh In On Mondelez International

Institutional investors have recently made changes to their positions in the stock. Axiom Advisory LLC grew its holdings in shares of Mondelez International by 1.6% in the third quarter. Axiom Advisory LLC now owns 9,152 shares of the company’s stock valued at $643,000 after acquiring an additional 143 shares in the last quarter. Cadence Bank boosted its position in Mondelez International by 1.3% in the first quarter. Cadence Bank now owns 11,489 shares of the company’s stock worth $804,000 after purchasing an additional 148 shares during the last quarter. Sachetta LLC grew its stake in Mondelez International by 14.0% in the 2nd quarter. Sachetta LLC now owns 1,215 shares of the company’s stock valued at $81,000 after purchasing an additional 149 shares during the period. Hazlett Burt & Watson Inc. increased its position in shares of Mondelez International by 16.5% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 1,058 shares of the company’s stock valued at $78,000 after purchasing an additional 150 shares during the last quarter. Finally, Carnegie Investment Counsel increased its position in shares of Mondelez International by 1.4% during the 3rd quarter. Carnegie Investment Counsel now owns 11,007 shares of the company’s stock valued at $811,000 after purchasing an additional 151 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors.

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.