Research Analysts Forecast Expectations for Mondelez International, Inc.’s Q2 2024 Earnings

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Mondelez International (MDLZ) is drawing considerable attention from analysts and investors alike. Here’s a breakdown of recent developments and analyst insights:

Q2 2024 Earnings Estimates: Analyst B. Holland from DA Davidson expects Mondelez International to earn $0.80 per share for the second quarter of 2024. Additionally, DA Davidson issued estimates for Mondelez International’s full-year 2024 earnings at $3.53 EPS and FY2025 earnings at $3.91 EPS.

Other Analyst Reports: MDLZ has been the subject of various analyst reports. Citigroup, Barclays, JPMorgan Chase & Co., Deutsche Bank Aktiengesellschaft, and Sanford C. Bernstein have all provided their insights and target prices on the stock. While there have been adjustments to target prices, overall sentiment appears positive, with most analysts giving the stock a “buy” rating.

Stock Performance: MDLZ stock opened at $69.93 on the day in question. The company has a market cap of $94.16 billion, with a price-to-earnings ratio of 22.20. The stock has a 12-month low of $60.75 and a 12-month high of $78.54. Despite recent fluctuations, the stock’s performance remains noteworthy.

Recent Earnings Report: Mondelez International recently announced its quarterly earnings results, beating analysts’ consensus estimates with an EPS of $0.95 for the quarter. The company reported revenue of $9.29 billion, up 1.4% compared to the same quarter last year. This positive earnings report likely contributed to analysts’ optimistic outlook on the stock.

Institutional Investor Activity: Several institutional investors and hedge funds have been active in trading MDLZ shares. Bogart Wealth LLC, Ables Iannone Moore & Associates Inc., Carmel Capital Partners LLC, First Command Advisory Services Inc., and HHM Wealth Advisors LLC are among those who have recently bought or sold shares of Mondelez International.

Overall, Mondelez International appears to be attracting attention from both analysts and investors, with a positive outlook based on recent earnings performance and analyst projections.