Wall Street analysts predict that Mondelez International, Inc. (NASDAQ:MDLZ) will announce sales of $6.47 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Mondelez International’s earnings. The lowest sales estimate is $6.37 billion and the highest is $6.55 billion. Mondelez International reported sales of $6.40 billion during the same quarter last year, which would suggest a positive year over year growth rate of 1.1%. The business is scheduled to issue its next earnings report after the market closes on Monday, October 30th.
According to Zacks, analysts expect that Mondelez International will report full year sales of $6.47 billion for the current financial year, with estimates ranging from $25.41 billion to $26.08 billion. For the next fiscal year, analysts expect that the firm will report sales of $26.27 billion per share, with estimates ranging from $25.56 billion to $26.75 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Mondelez International.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The firm had revenue of $5.99 billion for the quarter, compared to analysts’ expectations of $5.98 billion. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. Mondelez International’s revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS.
Several equities analysts have weighed in on MDLZ shares. Royal Bank Of Canada reissued a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. UBS AG reissued a “buy” rating and issued a $51.00 target price on shares of Mondelez International in a research note on Thursday, July 6th. BidaskClub lowered Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, June 30th. Zacks Investment Research raised Mondelez International from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research note on Tuesday, October 3rd. Finally, J P Morgan Chase & Co reissued an “overweight” rating and issued a $49.00 target price (down previously from $50.00) on shares of Mondelez International in a research note on Wednesday, June 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $50.23.
In other Mondelez International news, EVP Maurizio Brusadelli sold 6,248 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $43.76, for a total value of $273,412.48. Following the completion of the sale, the executive vice president now directly owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Daniel P. Myers sold 7,000 shares of the stock in a transaction dated Tuesday, September 12th. The stock was sold at an average price of $40.94, for a total value of $286,580.00. Following the completion of the sale, the executive vice president now owns 20,965 shares of the company’s stock, valued at $858,307.10. The disclosure for this sale can be found here. 3.60% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Proficio Capital Partners LLC increased its holdings in shares of Mondelez International by 637.3% in the first quarter. Proficio Capital Partners LLC now owns 2,271 shares of the company’s stock worth $105,000 after acquiring an additional 1,963 shares in the last quarter. V Wealth Management LLC bought a new position in shares of Mondelez International during the second quarter worth about $116,000. Acrospire Investment Management LLC grew its holdings in shares of Mondelez International by 1,450.0% during the second quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after buying an additional 2,900 shares in the last quarter. Assetmark Inc. grew its holdings in shares of Mondelez International by 13.5% during the first quarter. Assetmark Inc. now owns 3,367 shares of the company’s stock worth $145,000 after buying an additional 401 shares in the last quarter. Finally, Chicago Partners Investment Group LLC grew its holdings in shares of Mondelez International by 2,056.3% during the second quarter. Chicago Partners Investment Group LLC now owns 3,601 shares of the company’s stock worth $157,000 after buying an additional 3,434 shares in the last quarter. Institutional investors own 75.83% of the company’s stock.
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Shares of Mondelez International (NASDAQ MDLZ) traded down 0.15% during trading on Thursday, reaching $40.75. The company had a trading volume of 2,214,656 shares. The company has a 50 day moving average of $40.91 and a 200-day moving average of $43.54. Mondelez International has a 52-week low of $40.04 and a 52-week high of $47.23. The firm has a market capitalization of $61.44 billion, a P/E ratio of 35.84 and a beta of 1.20.
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 12th. Shareholders of record on Friday, September 29th were issued a $0.22 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. This represents a $0.88 annualized dividend and a dividend yield of 2.16%. The ex-dividend date of this dividend was Thursday, September 28th. Mondelez International’s dividend payout ratio is 77.19%.
Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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