Traders Are Focused On The Next Move In Mondelez International, Inc. (MDLZ)

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Mondelez International, Inc. (MDLZ), a Confectioners corporation, was a bullish stock in the prior session. Mondelez International, Inc. (MDLZ) stock opened the market for trading at $50.97 and closed the day at $50.90 with momentum of +1.48%. The increase change in Mondelez International, Inc. (MDLZ) lagged the change in the NASDAQ, a tech heavy index, for the day which gained +1.91% in prior day.

Mondelez International, Inc. (MDLZ) is focused on the Confectioners sector. This sector has seen some movement from traders in recent market sessions. Bullish traders of Mondelez International, Inc. (MDLZ) will be looking for positive upcoming earnings whereas bearish traders of Mondelez International, Inc. (MDLZ) will be looking for negative earnings. The last time Mondelez International, Inc. (MDLZ) had an earnings surprise was on Qtr Ending 03/20 when they reported $0.69 compared to an estimate of $0.65 which was a difference of $+0.04 resulting in a change of +6.15%. Current earnings estimates are to be released for Current Qtr 06/2020 on Mondelez International, Inc. (MDLZ) and out of 7 Wall Street estimates the average is saying $0.55. The high estimate is saying $0.58 whereas the low estimate is saying $0.52 and the prior year Mondelez International, Inc. (MDLZ) announced earnings at $0.57 a growth rate est. (year over year) of -3.51%.

The market performance of Mondelez International, Inc. (MDLZ) has varied recently. Year to date Mondelez International, Inc. (MDLZ)’s shares are down -7.59%. Over the past 12 weeks Mondelez International, Inc. (MDLZ) is down -13.77% and over the last 4 weeks Mondelez International, Inc. (MDLZ) is down -2.75%. Mondelez International, Inc. (MDLZ) current income statement shows revenue (ttm) of $26.04B. Gross Profit is $10.34B. This puts the current EBITDA of Mondelez International, Inc. (MDLZ) at $5.14B.

Wall street traders might also notice recent changes to stock analyst estimates for Mondelez International, Inc. (MDLZ). The stock is trading with an RSI (relative strength index) of 47.74 indicating Mondelez International, Inc. (MDLZ) is neither overbought nor oversold. Technically, MDLZ’s short term support levels are around $1367.66, $1334.96 and $1286.57 on the downside. MDLZs short term resistance levels are $1526.69, $1493.59 and $1432.99 on the upside. The market cap of Mondelez International, Inc. (MDLZ) is $72.658B and institutions hold 79.63% of the stock. The outstanding share count stands at 1.43B while the short float (shares short) stands at 0.82%.

Market research indicates that these financial estimate changes look to be directly correlated with short-term stock prices. The traders can look to capitalize on the basis of ranking. Based on technical analysis, MDLZ has short term rating of Neutral (-0.21), Intermediate rating of Neutral (-0.08) and the long-term rating of Bearish (-0.32) giving it an overall rating of Neutral (-0.21).

The EPS growth this year on Mondelez International, Inc. (MDLZ) is increased 16.20% and is expected to increase 7.89% next year. However, quarterly earnings (EPS) growth year over year on Mondelez International, Inc. (MDLZ) has decreased by -16.80% and quarterly revenue (Sales) growth year over year stands at 2.60%. Gross margin is detected at 39.20% that represents the percent of total sales revenue that the company retains after direct cost of goods sold. Net profit margin (ttm) is 14.20% while return on equity (ttm) is 14.00%.

Recent Developments:

2020-05-01 – Mondelēz Global Llc Conducts Voluntary Recall Of Limited Quantity Of Ritz Cheese Cracker Sandwiches Family Size Product In The U.S..
2020-04-28 – Mondelēz International Reports Q1 2020 Results.
2020-04-07 – Mondelez Files For Potential Two-Part Notes Offering; Size Not Disclosed.
2020-04-07 – Mondelez Says Borrowed Additional $1.25 Bln Under Revolving Credit Agreement.
2020-04-01 – Mondelez Quarterly Says CEO’s FY 2019 Total Compensation Was $18.1 Mln Vs About $15 Mln In FY 2018 – SEC Filing.

About Company:

Headquartered in Deerfield, IL, Mondelez International, Inc. (MDLZ) is one of the leading global snacks company. Mondelez was previously known as Kraft Foods, Inc.

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