Mondelez International Inc (MDLZ) Expected to Post Quarterly Sales of $5.97 Billion

Equities research analysts expect Mondelez International Inc (NASDAQ:MDLZ) to report sales of $5.97 billion for the current quarter, according to Zacks. Five analysts have issued estimates for Mondelez International’s earnings, with estimates ranging from $5.94 billion to $6.01 billion. Mondelez International reported sales of $6.11 billion during the same quarter last year, which would suggest a negative year over year growth rate of 2.3%. The company is expected to report its next quarterly earnings report on Wednesday, July 24th.

On average, analysts expect that Mondelez International will report full year sales of $25.75 billion for the current fiscal year, with estimates ranging from $25.65 billion to $25.94 billion. For the next year, analysts expect that the firm will report sales of $26.49 billion, with estimates ranging from $26.24 billion to $26.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that cover Mondelez International.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 30th. The company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.04. Mondelez International had a net margin of 12.66% and a return on equity of 14.17%. The firm had revenue of $6.54 billion during the quarter, compared to the consensus estimate of $6.55 billion. During the same quarter in the prior year, the firm earned $0.62 earnings per share. The business’s quarterly revenue was down 3.4% on a year-over-year basis.

A number of research firms have recently issued reports on MDLZ. ValuEngine upgraded shares of Mondelez International from a “hold” rating to a “buy” rating in a research note on Tuesday, February 12th. UBS Group raised their target price on shares of Mondelez International to $56.00 and gave the company a “buy” rating in a report on Monday, April 15th. They noted that the move was a valuation call. Piper Jaffray Companies set a $48.00 target price on shares of Mondelez International and gave the company a “buy” rating in a report on Friday, April 5th. BidaskClub lowered shares of Mondelez International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, March 6th. Finally, Credit Suisse Group lifted their price target on shares of Mondelez International from $50.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $49.67.

Shares of MDLZ stock opened at $53.46 on Friday. The firm has a market capitalization of $76.34 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 2.75 and a beta of 0.82. The company has a quick ratio of 0.33, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. Mondelez International has a one year low of $38.78 and a one year high of $53.56.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 28th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, June 27th. Mondelez International’s payout ratio is 42.80%.

In related news, EVP Gerhard W. Pleuhs sold 40,000 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $51.57, for a total value of $2,062,800.00. Following the transaction, the executive vice president now directly owns 110,308 shares in the company, valued at $5,688,583.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of MDLZ. Norges Bank purchased a new stake in Mondelez International in the fourth quarter worth $657,626,000. Boston Partners purchased a new stake in Mondelez International in the first quarter worth $355,441,000. Oregon Public Employees Retirement Fund lifted its position in Mondelez International by 3,854.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,387,067 shares of the company’s stock valued at $160,000 after buying an additional 6,225,539 shares during the period. Renaissance Technologies LLC lifted its position in Mondelez International by 2,773.2% during the first quarter. Renaissance Technologies LLC now owns 4,521,053 shares of the company’s stock valued at $225,691,000 after buying an additional 4,363,698 shares during the period. Finally, Hillhouse Capital Advisors Ltd. purchased a new position in Mondelez International during the fourth quarter valued at $141,276,000. Hedge funds and other institutional investors own 75.95% of the company’s stock.

Mondelez International Company Profile

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

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