Analysts forecast that Mondelez International, Inc. (NASDAQ:MDLZ) will announce $6.48 billion in sales for the current quarter, according to Zacks Investment Research. Four 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 $6.55 billion. Mondelez International posted sales of $6.40 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.3%. The firm is expected to issue its next earnings results on Wednesday, October 25th.

On average, analysts expect that Mondelez International will report full-year sales of $6.48 billion for the current financial year, with estimates ranging from $25.41 billion to $26.04 billion. For the next financial year, analysts anticipate that the business will post sales of $26.24 billion per share, with estimates ranging from $25.56 billion to $26.75 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Mondelez International.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Wednesday, August 2nd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.02. Mondelez International had a net margin of 6.92% and a return on equity of 11.96%. The company had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. Mondelez International’s revenue for the quarter was down 5.0% on a year-over-year basis.

MDLZ has been the topic of several recent research reports. UBS AG reaffirmed a “buy” rating and set a $51.00 price objective on shares of Mondelez International in a research report on Thursday, July 6th. Credit Suisse Group reaffirmed a “buy” rating and set a $50.00 price objective on shares of Mondelez International in a research report on Tuesday, June 13th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $54.00 price objective on shares of Mondelez International in a research report on Monday, May 22nd. Susquehanna Bancshares Inc reaffirmed a “hold” rating on shares of Mondelez International in a research report on Wednesday, August 2nd. Finally, Piper Jaffray Companies initiated coverage on shares of Mondelez International in a research report on Wednesday, May 24th. They set a “neutral” rating and a $48.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $50.33.

ILLEGAL ACTIVITY WARNING: “Zacks: Brokerages Expect Mondelez International, Inc. (MDLZ) Will Post Quarterly Sales of $6.48 Billion” was originally published by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and reposted in violation of US and international trademark & copyright laws. The original version of this story can be read at https://www.americanbankingnews.com/2017/09/11/zacks-brokerages-expect-mondelez-international-inc-mdlz-will-post-quarterly-sales-of-6-48-billion.html.

In other news, EVP Maurizio Brusadelli sold 6,248 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $43.76, for a total value of $273,412.48. Following the sale, the executive vice president now owns 61,651 shares in the company, valued at $2,697,847.76. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.60% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Stevens Capital Management LP acquired a new stake in shares of Mondelez International in the first quarter worth $11,268,000. United Bank grew its stake in shares of Mondelez International by 6.6% in the first quarter. United Bank now owns 20,759 shares of the company’s stock worth $894,000 after acquiring an additional 1,282 shares during the last quarter. Putnam FL Investment Management Co. grew its stake in shares of Mondelez International by 6.1% in the first quarter. Putnam FL Investment Management Co. now owns 90,239 shares of the company’s stock worth $3,888,000 after acquiring an additional 5,165 shares during the last quarter. Blue Rock Advisors LLC acquired a new stake in shares of Mondelez International in the first quarter worth $431,000. Finally, Steinberg Global Asset Management grew its stake in shares of Mondelez International by 0.3% in the second quarter. Steinberg Global Asset Management now owns 27,074 shares of the company’s stock worth $1,169,000 after acquiring an additional 77 shares during the last quarter. Institutional investors and hedge funds own 75.88% of the company’s stock.

Shares of Mondelez International (NASDAQ MDLZ) opened at 40.63 on Monday. The stock has a market capitalization of $61.26 billion, a P/E ratio of 35.73 and a beta of 1.20. Mondelez International has a 1-year low of $40.22 and a 1-year high of $47.23. The firm’s 50-day moving average is $42.90 and its 200 day moving average is $44.16.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 12th. Stockholders of record on Friday, September 29th will be paid a $0.22 dividend. This is an increase from Mondelez International’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.17%. Mondelez International’s dividend payout ratio (DPR) is presently 66.67%.

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.

Get a free copy of the Zacks research report on Mondelez International (MDLZ)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Mondelez International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.