Mondelez International, Inc. (NASDAQ:MDLZ) manufacturer of food and beverage products, is expected to report second quarter earnings results, after market close, on Tuesday 28th July 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.56 per share from revenue of $ 5922.45 million.
Looking ahead, the full year income are expected at $ 2.55 per share on the revenues of $ 26026.60 million.
Previous Quarter Performance
Mondelez International, Inc. outlined income for the first quarter of $ 0.69 per share, from the revenue of $ 6,707.00 million. The quarterly earnings escalated 6.15 percent while revenues gained 2.45 percent compared with the same quarter last year.
Street analysts expected Mondelez International, Inc. to report income of $ 0.66 per share on revenue of $ 6603.52 million for the first quarter. The bottom line results beat street analysts by $ 0.03 or 4.55 percent, at the same time, top line results outshined analysts by $ 103.48 million or 1.57 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of MDLZ was $ 55.58, representing a 34.94 % increase from the 52 week low of $ 41.19 and a 7.3 % decrease over the 52 week high of $ 59.96.
The company has a market capital of $ 79.34 billion and is part of the Consumer Defensive sector and Confectioners industry.
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Recent Analyst recommendations
- On 15th June 2020, upgraded by Berenberg Bank to Buy from Hold rating, with $ 61.00 target price.
- On 8th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 61.00 target price.
Recent Stock Dividend Announcement
On May 13, 2020, the board of directors authorized quarterly dividend of $ 0.285 per share to holders of record as of the close of business on June 30, 2020, with payment date of July 14, 2020 and ex-dividend date on June 29, 2020.
Mondelez International, Inc., through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The companys primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
