$6.42 Billion in Sales Expected for Mondelez International Inc (MDLZ) This Quarter

Equities analysts expect Mondelez International Inc (NASDAQ:MDLZ) to post $6.42 billion in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Mondelez International’s earnings, with the lowest sales estimate coming in at $6.37 billion and the highest estimate coming in at $6.47 billion. Mondelez International reported sales of $6.77 billion during the same quarter last year, which indicates a negative year-over-year growth rate of 5.2%. The company is scheduled to report its next quarterly earnings report after the market closes on Tuesday, April 30th.

According to Zacks, analysts expect that Mondelez International will report full-year sales of $25.84 billion for the current year, with estimates ranging from $25.50 billion to $26.23 billion. For the next financial year, analysts forecast that the company will report sales of $26.60 billion, with estimates ranging from $26.24 billion to $26.85 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Mondelez International.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, January 30th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. The firm had revenue of $6.77 billion during the quarter, compared to analysts’ expectations of $6.77 billion. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. Mondelez International’s revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, April 17th. UBS Group lifted their price objective on Mondelez International to $56.00 and gave the stock a “buy” rating in a report on Monday, April 15th. They noted that the move was a valuation call. Piper Jaffray Companies set a $48.00 price objective on Mondelez International and gave the stock a “buy” rating in a report on Friday, April 5th. ValuEngine raised Mondelez International from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Finally, BidaskClub raised Mondelez International from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $47.90.

Shares of MDLZ stock opened at $50.09 on Monday. The firm has a market cap of $72.34 billion, a P/E ratio of 20.61, a PEG ratio of 2.66 and a beta of 0.90. Mondelez International has a 1 year low of $37.42 and a 1 year high of $50.56. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.49.

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 29th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend was Thursday, March 28th. Mondelez International’s payout ratio is 42.80%.

In other Mondelez International news, EVP Gerhard W. Pleuhs sold 29,340 shares of the firm’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $47.72, for a total transaction of $1,400,104.80. Following the completion of the transaction, the executive vice president now owns 229,700 shares of the company’s stock, valued at $10,961,284. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Alejandro Lorenzo sold 26,347 shares of the firm’s stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $46.94, for a total value of $1,236,728.18. Following the transaction, the executive vice president now directly owns 59,320 shares of the company’s stock, valued at approximately $2,784,480.80. The disclosure for this sale can be found here. Insiders have sold 72,127 shares of company stock valued at $3,398,519 in the last three months. 1.50% of the stock is currently owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in shares of Mondelez International in the fourth quarter valued at $657,626,000. Oregon Public Employees Retirement Fund grew its position in shares of Mondelez International by 3,854.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,387,067 shares of the company’s stock valued at $160,000 after purchasing an additional 6,225,539 shares during the period. Hillhouse Capital Advisors Ltd. purchased a new stake in shares of Mondelez International in the fourth quarter valued at $141,276,000. Sound Shore Management Inc. CT purchased a new stake in shares of Mondelez International in the fourth quarter valued at $141,109,000. Finally, BlackRock Inc. grew its position in shares of Mondelez International by 4.0% in the fourth quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock valued at $3,620,751,000 after purchasing an additional 3,487,619 shares during the period. 76.85% of the stock is owned by institutional investors.

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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

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Earnings History and Estimates for Mondelez International (NASDAQ:MDLZ)

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