Equities analysts predict that Mondelez International Inc (NASDAQ:MDLZ) will report $6.79 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Mondelez International’s earnings. The highest sales estimate is $6.82 billion and the lowest is $6.75 billion. Mondelez International reported sales of $6.97 billion during the same quarter last year, which would suggest a negative year over year growth rate of 2.6%. The business is expected to announce its next quarterly earnings results on Wednesday, January 30th.
On average, analysts expect that Mondelez International will report full year sales of $25.95 billion for the current year, with estimates ranging from $25.91 billion to $25.98 billion. For the next fiscal year, analysts forecast that the business will report sales of $25.87 billion, with estimates ranging from $25.76 billion to $26.05 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Mondelez International.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Monday, October 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.01. The business had revenue of $6.29 billion during the quarter, compared to analyst estimates of $6.32 billion. Mondelez International had a return on equity of 13.71% and a net margin of 12.46%. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same period last year, the company earned $0.57 EPS.
Several equities research analysts have recently issued reports on MDLZ shares. UBS Group set a $51.00 price objective on Mondelez International and gave the company a “buy” rating in a research note on Monday, September 24th. Morgan Stanley initiated coverage on Mondelez International in a research note on Monday, September 17th. They set an “equal weight” rating and a $47.00 price target for the company. Credit Suisse Group set a $48.00 price target on Mondelez International and gave the stock a “buy” rating in a research note on Thursday, September 6th. Piper Jaffray Companies set a $48.00 price target on Mondelez International and gave the stock a “buy” rating in a research note on Tuesday, October 30th. Finally, BidaskClub raised Mondelez International from a “sell” rating to a “hold” rating in a research note on Saturday, September 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $49.17.
In other news, EVP Maurizio Brusadelli sold 7,381 shares of Mondelez International stock in a transaction on Friday, September 14th. The stock was sold at an average price of $43.74, for a total value of $322,844.94. Following the transaction, the executive vice president now directly owns 73,959 shares in the company, valued at approximately $3,234,966.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Daniel P. Myers sold 27,963 shares of Mondelez International stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total value of $1,214,712.72. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Several large investors have recently made changes to their positions in MDLZ. Quad Cities Investment Group LLC purchased a new position in Mondelez International during the 2nd quarter worth $111,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Mondelez International during the 3rd quarter worth $129,000. BKS Advisors LLC purchased a new position in Mondelez International during the 3rd quarter worth $141,000. TRUE Private Wealth Advisors purchased a new position in Mondelez International during the 3rd quarter worth $167,000. Finally, Sun Life Financial INC grew its stake in Mondelez International by 1,312.4% during the 2nd quarter. Sun Life Financial INC now owns 3,997 shares of the company’s stock worth $164,000 after buying an additional 3,714 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.
Shares of NASDAQ:MDLZ traded down $0.45 during trading on Wednesday, hitting $43.80. The company had a trading volume of 6,915,897 shares, compared to its average volume of 6,940,890. The firm has a market capitalization of $64.33 billion, a price-to-earnings ratio of 20.47, a PEG ratio of 2.02 and a beta of 0.77. Mondelez International has a one year low of $37.42 and a one year high of $46.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.56 and a quick ratio of 0.38.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 14th. Shareholders of record on Monday, December 31st will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.04 annualized dividend and a yield of 2.37%. Mondelez International’s payout ratio is currently 48.60%.
Mondelez International Company Profile
Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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