Mondelez International, Inc. (NASDAQ:MDLZ) is reporting third quarter financial results on Monday 2nd November 2020, after market close.
According to analysts surveyed by Thomson Reuters, MDLZ is expected to report 3Q20 income of $ 0.62 per share from revenue of $ 6478.70 million.
For the full year, analysts anticipate top line of $ 26252.90 million, while looking forward to income of $ 2.59 per share bottom line.
Previous Quarter Performance
Mondelez International, Inc. reported income for the second quarter of $ 0.63 per share, from the revenue of $ 5,911.00 million. The quarterly earnings extended 10.53 percent compared with the same quarter last year. According to street consensus, MDLZ was expected to report 2Q20 income of $ 0.56 per share from revenue of $ 5922.45 million. The bottom line results beat street analysts by $ 0.07 or 12.50 percent, at the same time, top line results fell short of analysts by $ 11.45 million or 0.19 percent.
Stock Performance
On Friday, shares of Mondelez International, Inc. has traded high as $ 53.51 and has cracked $ 52.56 on the downward trend, reaching $ 53.12 with volume of 6.15 million shares.
According to the previous trading day, closing price of $ 53.12, representing a 29.13 % increase from the 52 week low of $ 41.19 and a 11.29 % decrease over the 52 week high of $ 59.96.
The company has a market capital of $ 75.87 billion and is part of the Consumer Defensive sector and Confectioners industry.
Recent Analyst recommendations
- On 23rd September 2020, maintained by Piper Sandler at Overweight rating, with $ 66.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.315 per share on July 28, 2020. The dividend were payable on October 14, 2020 to holders of record as of the close of business on September 30, 2020 and ex-dividend date on September 29, 2020.
Conference Call
Mondelez International, Inc. will be hosting a conference call at 5:00 PM eastern time on 2nd November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mondelezinternational.com
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.
