Mondelez International, Inc. (NASDAQ:MDLZ) Expected to Announce Quarterly Sales of $6.80 Billion

Equities analysts predict that Mondelez International, Inc. (NASDAQ:MDLZGet Rating) will announce $6.80 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for Mondelez International’s earnings. The highest sales estimate is $7.06 billion and the lowest is $6.52 billion. Mondelez International reported sales of $6.64 billion during the same quarter last year, which would indicate a positive year over year growth rate of 2.4%. The company is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Mondelez International will report full-year sales of $29.94 billion for the current financial year, with estimates ranging from $29.06 billion to $30.63 billion. For the next financial year, analysts expect that the firm will report sales of $31.05 billion, with estimates ranging from $29.88 billion to $31.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Mondelez International.

Mondelez International (NASDAQ:MDLZGet Rating) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.09. Mondelez International had a net margin of 14.34% and a return on equity of 14.72%. The business had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.47 billion. During the same quarter last year, the company posted $0.77 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year.

Several research analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price target on Mondelez International from $75.00 to $72.00 and set an “overweight” rating for the company in a research note on Tuesday, March 22nd. Barclays dropped their price objective on Mondelez International from $74.00 to $73.00 and set an “overweight” rating on the stock in a research report on Thursday, April 7th. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Sunday, April 10th. BMO Capital Markets upped their target price on Mondelez International from $67.00 to $75.00 and gave the company an “outperform” rating in a research report on Monday, January 31st. Finally, Credit Suisse Group initiated coverage on Mondelez International in a report on Tuesday, April 12th. They issued an “outperform” rating and a $70.00 price target for the company. Two analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $72.55.

In other Mondelez International news, EVP Maurizio Brusadelli sold 26,500 shares of the stock in a transaction on Friday, February 25th. The stock was sold at an average price of $65.09, for a total transaction of $1,724,885.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robin S. Hargrove sold 30,500 shares of the firm’s stock in a transaction on Wednesday, May 11th. The stock was sold at an average price of $65.86, for a total value of $2,008,730.00. Following the sale, the executive vice president now directly owns 32,024 shares of the company’s stock, valued at $2,109,100.64. The disclosure for this sale can be found here. Corporate insiders own 0.32% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Bivin & Associates Inc. bought a new position in shares of Mondelez International during the 4th quarter worth about $25,000. FSB Premier Wealth Management Inc. bought a new position in Mondelez International during the 4th quarter worth approximately $27,000. Landmark Wealth Management LLC bought a new position in Mondelez International in the first quarter valued at approximately $27,000. Bell Investment Advisors Inc lifted its stake in Mondelez International by 64.3% in the fourth quarter. Bell Investment Advisors Inc now owns 419 shares of the company’s stock valued at $28,000 after buying an additional 164 shares in the last quarter. Finally, Sierra Capital LLC lifted its position in shares of Mondelez International by 1,151.4% in the fourth quarter. Sierra Capital LLC now owns 438 shares of the company’s stock worth $29,000 after purchasing an additional 403 shares in the last quarter. Institutional investors and hedge funds own 77.10% of the company’s stock.

Shares of Mondelez International stock opened at $63.00 on Wednesday. Mondelez International has a 1 year low of $57.63 and a 1 year high of $69.47. The stock has a market cap of $87.19 billion, a price-to-earnings ratio of 21.21, a PEG ratio of 3.02 and a beta of 0.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.68 and a quick ratio of 0.48. The firm’s 50-day moving average is $63.69 and its 200 day moving average is $64.21.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 14th. Investors of record on Thursday, June 30th will be paid a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Wednesday, June 29th. Mondelez International’s dividend payout ratio (DPR) is 47.14%.

Mondelez International Company Profile (Get Rating)

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

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

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