Mondelez International Inc . (NASDAQ:MDLZ) experienced a 1.72% rise in stock price to $67.97 on Wednesday, November 2, 2023. The company's current market valuation is $92.47 billion with outstanding shares valued at $1.37 billion and a float of $1.36 billion. The firm's stock performance is reflected in its 50-day Moving Average at $67.96 and the 200-day Moving Average at $70.25.
The company's shares have been trading within a 52-week range of $60.75-$78.59, and despite being -18.7% off its 52-week high, it is up 8.41% from its 52-week low. Mondelez's share performance has been better than most of its industry peers, with a share value decline of -14.68% over the past six months but an annual growth rate of 9.15%, higher than the industry average of 4.10%.
In terms of earnings, the company's Earnings Per Share (EPS) for the current quarter is expected to be $0.74, with the year-over-year growth forecasted to reach 7.60%. The company's EPS showed a significant surge this year to 9.51%, and analysts project Mondelez's earnings to increase by 9.47% in 2023.
The consensus price target for MDLZ stock by Wall Street analysts is $79.31, indicating an upside potential of 16.52%. Analysts have given MDLZ stock a consensus recommendation rating of Buy, with a mean rating of 1.44.
Institutional ownership dominates at 79.32%, with Vanguard Group Inc being the top institutional holder, holding 123.69 million shares as of June 29, 2023. Blackrock (NYSE:BLK) Inc., the second-largest shareholder, holds 100.34 million shares worth $7.32 billion as of the same date.
The company's revenue in the current quarter is projected to hit an average of $8.34 billion, according to consensus estimates given by 15 financial analysts. For the quarter ending December 2023, the revenue is expected to be $8.85 billion, representing a growth forecast of 7.40%.
Mondelez, which employs approximately 91,000 people, generated $346,110 per worker and an income per employee of $29,857 last fiscal year. The firm achieved a net margin of +8.63 while generating a return on equity of 9.85%.
The company is expected to release its next quarterly earnings report on November 1.
InvestingPro Insights
According to InvestingPro's real-time data, Mondelez International Inc. (MDLZ) boasts a robust market cap of $93.38 billion USD. The company's P/E ratio stands at 20.36, while the adjusted P/E ratio as of the last twelve months in Q3 2023 is 19.0. The revenue growth for the same period is an impressive 16.21%.
InvestingPro Tips highlight that Mondelez's revenue growth has been accelerating and the company has consistently raised its dividend for 9 consecutive years. These factors contribute to the company's strong financial health. Additionally, Mondelez is trading at a relatively low P/E ratio compared to its near-term earnings growth, making it a potentially attractive option for investors seeking value.
InvestingPro offers countless more tips that can help investors make informed decisions. For instance, there are 7 more tips related to Mondelez International Inc. available on the InvestingPro platform. This invaluable data can provide a deeper understanding of the company's financial health and market position.
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