$6.99 Billion in Sales Expected for Mondelez International Inc (MDLZ) This Quarter
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.
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.
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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.
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