Mondelez International Inc (NASDAQ:MDLZ) | 2 Reasons Mondelez Doesn’t Need Starbucks

Mondelez International Inc (NASDAQ:MDLZ) [at Motley Fool] – It’s a good time to be a Mondelez shareholder. Not only did the snack giant just get a windfall of cash from Starbucks, but it’s also shaping up to be a major player in the global coffee market.
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Mondelez International, Inc. (MDLZ), with a current value of $59.54B, opened this morning at $34.01.
Looking at today’s market, MDLZ one day range is $33.84 to $34.30 with its 52-week range being $25.00 to $34.30.
 
MDLZ shares are currently priced at 21.90x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.50x forward p/e ratio.
And for passive income investors, the company pays shareholders $0.56 per share annually in dividends, yielding 1.70%.
 
According to a consensus of 18 analysts, the earnings estimate of $0.44 per share would be $0.08 better than the year-ago quarter and a $0.01 sequential increase. Furthermore, our analysis shows the full-year EPS estimate to be $1.56, which would be a $0.17 better when compared to the last year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.65 Billion. If realized, that would be a 1.79% increase over the year-ago quarter.
Recently, Stifel downgraded MDLZ from Buy to Hold (Nov 7, 2013). Previously, Argus downgraded MDLZ from Buy to Hold.
When considering if the stock is under or overvalued, the average price target is $34.06, which is 0.15% above where the stock opened this morning.
 
Mondelez International Inc. (NASDAQ:MDLZ), together with its subsidiaries, manufactures and markets snack food and beverage products worldwide. The company offers biscuits, including cookies, crackers and salted snacks, confectionery products; such as chocolates, gums and candies. Also powdered beverages and coffee, further more cheese and grocery products.
 
Tag Helper ~ Stock Code: MDLZ | Common Company name: Mondelez | Full Company name: Mondelez International Inc (NASDAQ:MDLZ) .

More on this topic (What's this?)
Starbucks: The Next Dividend Growth Success Story
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Read more on Starbucks, CLP HLDGS at Wikinvest

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