Mondelez International Inc (MDLZ) reported quarterly earnings results on Wednesday, Apr-27-2016. The company said it had a profit of $0.48 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.09. Analysts had a consensus of $0.39. The company posted revenue of $6455.00 million in the period, compared to analysts expectations of $6422.56 million. The company’s revenue was down -16.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS.
Many Wall Street Analysts have commented on Mondelez International Inc. Shares were Reiterated by RBC Capital Mkts on Feb 4, 2016 to “Outperform” and Lowered the Price Target to $ 49 from a previous price target of $51 .Mondelez International Inc was Downgraded by Susquehanna to ” Neutral” on Feb 1, 2016.
Mondelez International Inc opened for trading at $41.9 and hit $42.195 on the upside on Friday, eventually ending the session at $42.19, with a gain of 0.69% or 0.29 points. The heightened volatility saw the trading volume jump to 72,08,119 shares. Company has a market cap of $65,696 M.
In a different news, on Feb 17, 2016, Lewis W K Booth (director) purchased 5,430 shares at $39.37 per share price. According to the SEC, on Dec 1, 2015, Gerhard W. Pleuhs (EVP & General Counsel) sold 159 shares at $44.13 per share price. On Aug 10, 2015, Fredric G Reynolds (director) purchased 22,000 shares at $45.95 per share price, according to the Form-4 filing with the securities and exchange commission.
Mondelez International Inc. is a snack food and beverage company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company offers its brands in five product categories: biscuits (including cookies crackers and salted snacks); chocolate; gum and candy; beverages (including coffee and powdered beverages) and cheese and grocery. It has a portfolio of around 58 brands which include nine billion dollar brands: LU Nabisco and Oreo biscuits; Cadbury Cadbury Dairy Milk and Milka chocolates; Trident gum and Jacobs coffee and Tang powdered beverages. It has operations in Latin America Asia Pacific Eastern Europe Middle East and Africa (EEMEA) Europe and North America. The Company’s products are sold to supermarket chains wholesalers supercenters club stores mass merchandisers distributors convenience stores gasoline stations drug stores value stores and other retail food outlets.