Brokerages Expect Mondelez International Inc (MDLZ) Will Post Quarterly Sales of $6.98 Billion
Analysts expect that Mondelez International Inc (NASDAQ:MDLZ) will post $6.98 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Mondelez International’s earnings, with the highest sales estimate coming in at $7.04 billion and the lowest estimate coming in at $6.92 billion. Mondelez International reported sales of $6.77 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.1%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, February 6th.
On average, analysts expect that Mondelez International will report full-year sales of $6.98 billion for the current financial year, with estimates ranging from $25.64 billion to $25.99 billion. For the next fiscal year, analysts expect that the company will post sales of $26.45 billion per share, with estimates ranging from $26.03 billion to $26.93 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Mondelez International.
Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings results on Monday, October 30th. The company reported $0.57 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.03. Mondelez International had a net margin of 8.61% and a return on equity of 12.31%. The business had revenue of $6.53 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the prior year, the business earned $0.52 EPS. Mondelez International’s quarterly revenue was up 2.1% on a year-over-year basis.
Mondelez International (MDLZ) opened at $42.99 on Wednesday. Mondelez International has a 52 week low of $39.19 and a 52 week high of $47.23. The company has a market cap of $64,240.00, a PE ratio of 29.85, a P/E/G ratio of 1.58 and a beta of 0.97. The company has a quick ratio of 0.34, a current ratio of 0.51 and a debt-to-equity ratio of 0.49.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 11th. Shareholders of record on Friday, December 29th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.05%. Mondelez International’s payout ratio is presently 61.11%.
In other Mondelez International news, Director Lewis W. K. Booth bought 1,500 shares of the firm’s stock in a transaction on Thursday, November 9th. The shares were purchased at an average price of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 3.60% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of MDLZ. Fisher Asset Management LLC boosted its position in shares of Mondelez International by 8.1% during the 2nd quarter. Fisher Asset Management LLC now owns 7,492 shares of the company’s stock worth $324,000 after acquiring an additional 562 shares in the last quarter. State of Alaska Department of Revenue boosted its position in shares of Mondelez International by 5.4% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,274 shares of the company’s stock worth $270,000 after acquiring an additional 320 shares in the last quarter. National Pension Service boosted its position in shares of Mondelez International by 10.5% during the 2nd quarter. National Pension Service now owns 1,180,942 shares of the company’s stock worth $50,922,000 after acquiring an additional 112,661 shares in the last quarter. First Financial Corp IN boosted its position in shares of Mondelez International by 1.1% during the 2nd quarter. First Financial Corp IN now owns 25,208 shares of the company’s stock worth $1,088,000 after acquiring an additional 280 shares in the last quarter. Finally, Leavell Investment Management Inc. boosted its position in shares of Mondelez International by 1.7% during the 2nd quarter. Leavell Investment Management Inc. now owns 59,887 shares of the company’s stock worth $2,587,000 after acquiring an additional 985 shares in the last quarter. Institutional investors and hedge funds own 75.82% of the company’s stock.
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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