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Take a Bite: This Snack Giant Is a Safe-Haven Stock Worth Buying
MarketBeat· 2024-08-02 12:15
Mondelez International TodayMDLZMondelez International$68.31 -0.04 (-0.06%) 52-Week Range$60.75▼$77.20Dividend Yield2.49%P/E Ratio21.69Price Target$79.06Add to WatchlistWith sector rotation upon us, it is time for investors to take a more significant bite out of safe-haven names like Mondelez NASDAQ: MDLZ. The rotation is due to the recent inflation data and FOMC policy statement, which were sell-the-news events. They are sell-the-news events because they signal a shift in policy that will lead to easing ec ...
Mondelez (MDLZ) Q2 Earnings Beat, Organic Revenues Up 2.5%
ZACKS· 2024-07-31 19:00
Mondelez International, Inc. (MDLZ) reported second-quarter 2024 results, wherein the bottom line beat the Zacks Consensus Estimate while the top line missed the same. Also, earnings improved year over year.Robust bottom-line results and free cash flow generation can be attributed to effective pricing strategies, efficient cost management and impressive momentum in emerging markets. Despite a challenging and dynamic operating environment, management remained focused on executing the long-term growth strateg ...
Mondelez Analysts Boost Their Forecasts After Upbeat Earnings
Benzinga· 2024-07-31 18:22
Mondelez International, Inc. MDLZ reported better-than-expected second-quarter adjusted EPS results and raised its dividend on Tuesday.Mondelez International reported quarterly earnings of 86 cents per share which beat the analyst consensus estimate of 79 cents per share. The company reported quarterly sales of $8.343 billion which missed the analyst consensus estimate of $8.454 billion.Mondelēz raised its quarterly dividend by 11% from 42.5 cents to 47 cents per share.“We continued to execute against our s ...
Mondelez International(MDLZ) - 2024 Q2 - Earnings Call Transcript
2024-07-31 00:10
Mondelez International, Inc. (NASDAQ:MDLZ) Q2 2024 Earnings Call Transcript July 30, 2024 5:00 PM ET Company Participants Shep Dunlap - SVP, IR Dirk Van de Put - Chairman and CEO Luca Zaramella - CFO Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JPMorgan Alexia Howard - Bernstein Michael Lavery - Piper Sandler Tom Palmer - Citi Peter Galbo - Bank of America Matt Smith - Stifel Operator Good day and welcome to the Mondelez International Second Quarter 2024 Earnings Conference Call. Today ...
Here's What Key Metrics Tell Us About Mondelez (MDLZ) Q2 Earnings
ZACKS· 2024-07-30 23:30
Mondelez (MDLZ) reported $8.34 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 1.9%. EPS of $0.86 for the same period compares to $0.76 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $8.39 billion, representing a surprise of -0.59%. The company delivered an EPS surprise of +10.26%, with the consensus EPS estimate being $0.78.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how the ...
Mondelez (MDLZ) Q2 Earnings Top Estimates
ZACKS· 2024-07-30 22:16
Mondelez (MDLZ) came out with quarterly earnings of $0.86 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10.26%. A quarter ago, it was expected that this maker of Oreo cookies, Cadbury chocolate and Trident gum would post earnings of $0.88 per share when it actually produced earnings of $0.95, delivering a surprise of 7.95%. ...
Mondelez International(MDLZ) - 2024 Q2 - Earnings Call Presentation
2024-07-30 21:30
Q2 2024 RESULTS July 30, 2024 FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements. All statements other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws. Words, and variations of words, such as "will," "may," "expect," "would," "could," "might," "intend," "plan," "believe," "likely," "estimate," "anticipate," "objective," "predict," "project," "drive," "seek," "aim," "target," "potential," "commitment," "outloo ...
Mondelez International(MDLZ) - 2024 Q2 - Quarterly Report
2024-07-30 20:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-16483 Mondelēz International, Inc. (Exact name of registrant as specified in its charter) Virginia 52-2284372 (St ...
Mondelez International(MDLZ) - 2024 Q2 - Quarterly Results
2024-07-30 20:07
Exhibit 99.1 Contacts: Tracey Noe (Media) Shep Dunlap (Investors) 1-847-943-5678 1-847-943-5454 news@mdlz.com ir@mdlz.com Mondelēz International Reports Q2 2024 Results Second Quarter Highlights • Net revenues decreased -1.9%; Organic Net Revenue grew +2.5% with underlying Volume/Mix of -2.2% • Diluted EPS was $0.45, down -34.8%; Adjusted EPS was $0.86, up +25.0% on a constant currency basis • Year-to-date cash provided by operating activities was $2.1 billion, up $0.2 billion versus prior year; Free Cash F ...
Insights Into Mondelez (MDLZ) Q2: Wall Street Projections for Key Metrics
ZACKS· 2024-07-26 14:20
Wall Street analysts forecast that Mondelez (MDLZ) will report quarterly earnings of $0.78 per share in its upcoming release, pointing to a year-over-year increase of 2.6%. It is anticipated that revenues will amount to $8.39 billion, exhibiting a decline of 1.4% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projection ...