Equities analysts expect Mondelez International Inc (NASDAQ:MDLZ) to announce sales of $6.43 billion for the current quarter, according to Zacks. Five analysts have made 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 posted sales of $6.77 billion in the same quarter last year, which suggests a negative year over year growth rate of 5%. The business is expected to announce its next quarterly earnings report on Tuesday, May 7th.
On average, analysts expect that Mondelez International will report full year sales of $25.87 billion for the current financial year, with estimates ranging from $25.59 billion to $26.19 billion. For the next financial year, analysts anticipate that the firm will report sales of $26.63 billion, with estimates ranging from $26.32 billion to $26.93 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Mondelez International.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, January 30th. The company reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.77 billion. Mondelez International had a net margin of 12.64% and a return on equity of 14.03%. Mondelez International’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share.
MDLZ has been the topic of several recent research reports. Wells Fargo & Co reaffirmed a “buy” rating on shares of Mondelez International in a report on Monday, January 28th. Zacks Investment Research cut Mondelez International from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Berenberg Bank downgraded Mondelez International from a “buy” rating to a “hold” rating and set a $43.00 price objective for the company. in a research report on Thursday, January 24th. Guggenheim began coverage on Mondelez International in a research note on Tuesday, January 22nd. They issued a “buy” rating and a $47.00 price objective on the stock. Finally, ValuEngine cut Mondelez International from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, four have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Mondelez International has an average rating of “Buy” and a consensus price target of $47.40.
In related news, EVP Gerhard W. Pleuhs sold 29,340 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 229,700 shares in the company, valued at approximately $10,961,284. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Alejandro Lorenzo sold 26,347 shares of the firm’s stock in a transaction that occurred 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 sale, 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. Over the last quarter, insiders have sold 72,127 shares of company stock valued at $3,398,519. Company insiders own 2.00% of the company’s stock.
A number of hedge funds have recently modified their holdings of MDLZ. Exane Derivatives bought a new stake in Mondelez International in the fourth quarter valued at $33,000. Northwest Wealth Management LLC grew its stake in shares of Mondelez International by 355.4% in the 4th quarter. Northwest Wealth Management LLC now owns 838 shares of the company’s stock valued at $34,000 after buying an additional 654 shares during the period. Sontag Advisory LLC acquired a new stake in shares of Mondelez International in the 4th quarter valued at about $34,000. PRW Wealth Management LLC bought a new stake in Mondelez International in the 4th quarter valued at about $36,000. Finally, Lake Point Wealth Management bought a new stake in Mondelez International in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 76.91% of the company’s stock.
NASDAQ:MDLZ traded up $0.03 during trading hours on Friday, hitting $49.68. 6,246,038 shares of the company were exchanged, compared to its average volume of 6,472,777. The firm has a market cap of $71.70 billion, a P/E ratio of 20.44, a P/E/G ratio of 2.63 and a beta of 0.90. The company has a quick ratio of 0.30, a current ratio of 0.45 and a debt-to-equity ratio of 0.49. Mondelez International has a one year low of $37.42 and a one year high of $50.05.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, March 29th will be issued a dividend of $0.26 per share. The ex-dividend date is Thursday, March 28th. This represents a $1.04 dividend on an annualized basis and a yield of 2.09%. Mondelez International’s payout ratio is currently 42.80%.
About Mondelez International
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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