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Mondelez International (MDLZ) Stock Up on Q1 Earnings & Revenue Beat
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Mondelez International, Inc. (MDLZ - Free Report) just released its first quarter 2017 financial results, posting earnings of $0.53 per share and revenues of $6.41 billion. Currently, Mondelez is a Zacks Rank #3 (Hold), and is up 2.88% to $45 per share in after-hours trading shortly after its earnings report was released.
Mondelez:
Beat earnings estimates. The company posted earnings of $0.53 per share (excluding $0.12 from non-recurring items), topping the Zacks Consensus Estimate of $0.50 per share.
Beat revenue estimates. The company saw revenue figures of $6.41 billion, beating our consensus estimate of $6.37 billion.
Mondelez posted first-quarter net income of $630 million. The company’s operating income margin was up 13.1%, which marks an increase of 190 basis points.
Mondelez repurchased more than $470 million of its common stock and paid out roughly $300 million in cash dividends.
The Deerfield, Illinois-based company expects organic net revenue to increase at least 1% this year. Mondelez projects an adjusted operating income margin in the 16% range. The company also expects to have roughly $2 billion in free cash flow.
Shares of Mondelez had been down more than 1% since the start of the year.
“We had a solid start to the year despite challenging market conditions,” Mondelez Chairman and CEO Irene Rosenfeld said in a press release.
“We delivered both top-line organic growth and strong margin expansion in the quarter, while also making critical investments for our future. We remain confident in and committed to our balanced strategy for both top- and bottom-line growth, continuing to focus on what we can control to deliver long-term value creation for our shareholders.”
Here’s a graph that looks at Mondelez’s Price, Consensus and EPS Surprise history:
Mondelez International, Inc. Price, Consensus and EPS Surprise
Mondelez International, Inc. is a food and beverage company. The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. Its brands include Oreo, Nabisco and LU biscuits; Milka and Cadbury chocolates; Trident gum; Jacobs and Maxwell House coffees; Philadelphia cream cheeses; Kraft cheeses, dinners and dressings; Oscar Mayer meats, and Tang powdered beverage. Its brands span various consumer sectors: Biscuits, Confectionery, Beverages, Cheese, Grocery and Convenient Meals. Mondelez International, Inc., formerly known as Kraft Foods Inc., is based in Deerfield, IL.
Check back later for our full analysis on Mondelez’s earnings report!
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Mondelez International (MDLZ) Stock Up on Q1 Earnings & Revenue Beat
Mondelez International, Inc. (MDLZ - Free Report) just released its first quarter 2017 financial results, posting earnings of $0.53 per share and revenues of $6.41 billion. Currently, Mondelez is a Zacks Rank #3 (Hold), and is up 2.88% to $45 per share in after-hours trading shortly after its earnings report was released.
Mondelez:
Beat earnings estimates. The company posted earnings of $0.53 per share (excluding $0.12 from non-recurring items), topping the Zacks Consensus Estimate of $0.50 per share.
Beat revenue estimates. The company saw revenue figures of $6.41 billion, beating our consensus estimate of $6.37 billion.
Mondelez posted first-quarter net income of $630 million. The company’s operating income margin was up 13.1%, which marks an increase of 190 basis points.
Mondelez repurchased more than $470 million of its common stock and paid out roughly $300 million in cash dividends.
The Deerfield, Illinois-based company expects organic net revenue to increase at least 1% this year. Mondelez projects an adjusted operating income margin in the 16% range. The company also expects to have roughly $2 billion in free cash flow.
Shares of Mondelez had been down more than 1% since the start of the year.
“We had a solid start to the year despite challenging market conditions,” Mondelez Chairman and CEO Irene Rosenfeld said in a press release.
“We delivered both top-line organic growth and strong margin expansion in the quarter, while also making critical investments for our future. We remain confident in and committed to our balanced strategy for both top- and bottom-line growth, continuing to focus on what we can control to deliver long-term value creation for our shareholders.”
Here’s a graph that looks at Mondelez’s Price, Consensus and EPS Surprise history:
Mondelez International, Inc. Price, Consensus and EPS Surprise
Mondelez International, Inc. Price, Consensus and EPS Surprise | Mondelez International, Inc. Quote
Mondelez International, Inc. is a food and beverage company. The Company manufactures and markets packaged food products, including snacks, beverages, cheese, convenient meals and various packaged grocery products. Its brands include Oreo, Nabisco and LU biscuits; Milka and Cadbury chocolates; Trident gum; Jacobs and Maxwell House coffees; Philadelphia cream cheeses; Kraft cheeses, dinners and dressings; Oscar Mayer meats, and Tang powdered beverage. Its brands span various consumer sectors: Biscuits, Confectionery, Beverages, Cheese, Grocery and Convenient Meals. Mondelez International, Inc., formerly known as Kraft Foods Inc., is based in Deerfield, IL.
Check back later for our full analysis on Mondelez’s earnings report!
The Best & Worst of Zacks
Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 "Strong Sells." Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market. See these critical buys and sells free >>