Brokerages expect Mondelez International Inc (NASDAQ:MDLZ) to announce $6.99 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Mondelez International’s earnings, with the lowest sales estimate coming in at $6.93 billion and the highest estimate coming in at $7.05 billion. Mondelez International reported sales of $6.77 billion in the same quarter last year, which indicates a positive year over year growth rate of 3.2%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 6th.

According to Zacks, analysts expect that Mondelez International will report full-year sales of $6.99 billion for the current fiscal year, with estimates ranging from $25.65 billion to $25.99 billion. For the next financial year, analysts anticipate that the company will post sales of $26.47 billion per share, with estimates ranging from $26.12 billion to $26.93 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Mondelez International.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Monday, October 30th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 EPS.

A number of brokerages have recently issued reports on MDLZ. Royal Bank of Canada restated a “buy” rating on shares of Mondelez International in a research note on Friday, September 1st. Susquehanna Bancshares set a $45.00 price objective on shares of Mondelez International and gave the stock a “hold” rating in a research note on Monday, October 30th. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. Zacks Investment Research lowered shares of Mondelez International from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $55.00 price objective on shares of Mondelez International in a research note on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Mondelez International presently has a consensus rating of “Buy” and a consensus price target of $49.40.

Shares of Mondelez International (MDLZ) opened at $42.94 on Thursday. The stock has a market cap of $64,064.41, a PE ratio of 20.91, a PEG ratio of 1.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.51 and a quick ratio of 0.34. Mondelez International has a 12 month low of $39.19 and a 12 month high of $47.23.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 11th. Shareholders of record on Friday, December 29th will be paid a $0.22 dividend. The ex-dividend date is Thursday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.05%. Mondelez International’s payout ratio is currently 61.11%.

In other news, Director Lewis W. K. Booth purchased 1,500 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were bought at an average price of $41.29 per share, for a total transaction of $61,935.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of MDLZ. Simmons Bank boosted its holdings in Mondelez International by 0.3% during the first quarter. Simmons Bank now owns 6,265 shares of the company’s stock worth $269,000 after buying an additional 20 shares in the last quarter. Northwest Quadrant Wealth Management LLC boosted its holdings in Mondelez International by 0.4% during the second quarter. Northwest Quadrant Wealth Management LLC now owns 7,069 shares of the company’s stock worth $309,000 after buying an additional 30 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its holdings in Mondelez International by 0.4% during the second quarter. Dorsey & Whitney Trust CO LLC now owns 10,363 shares of the company’s stock worth $447,000 after buying an additional 38 shares in the last quarter. Linscomb & Williams Inc. boosted its holdings in Mondelez International by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 13,433 shares of the company’s stock worth $580,000 after buying an additional 39 shares in the last quarter. Finally, Needelman Asset Management Inc. boosted its holdings in Mondelez International by 0.3% during the second quarter. Needelman Asset Management Inc. now owns 17,040 shares of the company’s stock worth $736,000 after buying an additional 45 shares in the last quarter. Institutional investors and hedge funds own 75.86% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “$6.99 Billion in Sales Expected for Mondelez International Inc (MDLZ) This Quarter” was first reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and reposted in violation of US & international trademark & copyright laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/14/6-99-billion-in-sales-expected-for-mondelez-international-inc-mdlz-this-quarter.html.

About Mondelez International

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