[at Seeking Alpha] – Campbell Soup ( CPB ), General Mills ( GIS ), and Mondelez ( MDLZ ) operate in the highly-competitive packaged food market, continuously trying to outperform each other. In this article, we are going to …
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Mondelez International, Inc. (MDLZ), valued at $56.19B, opened this morning at $31.96.
Looking at today’s trading action, the company’s one day range from $31.84 to $32.25 and has traded between $26.45 and $36.05 over the past year.
Priced at 20.52x this year’s forecasted earnings, MDLZ shares are relatively inexpensive compared to the industry’s 28.19x forward p/e ratio.
And for dividend hunters, the company pays shareholders $0.56 per share annually in dividends, yielding 1.70%.
According to a consensus of 19 analysts, the earnings estimate of $0.44 per share would be $0.08 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $1.56 is a $0.17 improvement when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $9.57 Billion. If realized, that would be a 0.95% increase over the year-ago quarter.
More recently, RBC Capital Mkts Initiated MDLZ at Sector Perform (Nov 26, 2013). Previously, Stifel downgraded MDLZ from Buy to Hold.
With the above information in mind, readers should note that the average price target is $35.84, which is 12.14% 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) .