This food and beverage company beat analysts’ estimates by $0.04 last quarter, and two analysts have increased their EPS forecasts in the past 30 days.
Mondelez International Inc. (MDLZ)
From DirectInvesting.com
Headquartered in Deerfield, Illinois, Mondelez International Inc. (MDLZ) is a multinational confectionery, food and beverage company, which 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), cheese and grocery.
Seven of its brands each generate more than $1 billion in annual sales, including Trident, Cadbury, LU, and Oreo, and 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.
Mondelez’ current total market capitalization of $66.9 billion makes it a large cap stock (large capitalization) and its history of consistent earnings growth makes it a solid company. It is considered a well-diversified business with wide economic moat and sustainable competitive advantage over rivals.
According to Yahoo! Finance, consensus estimates call for the company to earn about $2.20 per share this year, and to go to net about $2.45 per share in 2017. Mondelez has paid dividends to investors since 2001, and has increased its payments for 2 consecutive years. Its quarterly payment of $0.17 currently provides a yield of more than 1.5%.
Vita Nelson, www.directinvesting.com, 914-925- 0022, September 1, 2016