Brokerages expect Mondelez International (NASDAQ:MDLZ) to post sales of $6.14 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Mondelez International’s earnings. The lowest sales estimate is $6.00 billion and the highest is $6.21 billion. Mondelez International posted sales of $5.99 billion in the same quarter last year, which suggests a positive year over year growth rate of 2.5%. The firm is expected to issue its next quarterly earnings results on Wednesday, August 1st.
On average, analysts expect that Mondelez International will report full year sales of $26.55 billion for the current fiscal year, with estimates ranging from $26.38 billion to $26.80 billion. For the next year, analysts anticipate that the company will report sales of $27.08 billion per share, with estimates ranging from $26.71 billion to $27.69 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Mondelez International.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, May 1st. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. The company had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.65 billion. Mondelez International had a net margin of 12.31% and a return on equity of 13.04%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS.
Several brokerages recently issued reports on MDLZ. Credit Suisse Group set a $48.00 price target on shares of Mondelez International and gave the company a “buy” rating in a research report on Sunday, April 29th. BidaskClub cut shares of Mondelez International from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 24th. ValuEngine cut shares of Mondelez International from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Mondelez International from a “sell” rating to a “hold” rating in a report on Monday, May 7th. Finally, Morgan Stanley cut their price target on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $49.53.
In related news, Director Trian Fund Management, L.P. acquired 1,028,600 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were bought at an average price of $44.27 per share, for a total transaction of $45,536,122.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Hubert Weber sold 10,931 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $43.79, for a total transaction of $478,668.49. Following the transaction, the executive vice president now owns 160,865 shares in the company, valued at approximately $7,044,278.35. The disclosure for this sale can be found here. 2.00% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the stock. Cerebellum GP LLC bought a new position in Mondelez International in the fourth quarter worth approximately $127,000. Taylor Hoffman Wealth Management bought a new position in Mondelez International in the fourth quarter worth approximately $144,000. Banco de Sabadell S.A bought a new position in Mondelez International in the fourth quarter worth approximately $148,000. Delpha Capital Management LLC bought a new position in Mondelez International in the fourth quarter worth approximately $152,000. Finally, Private Capital Group LLC raised its position in Mondelez International by 483.0% in the first quarter. Private Capital Group LLC now owns 3,667 shares of the company’s stock worth $154,000 after acquiring an additional 3,038 shares during the period. Institutional investors own 75.98% of the company’s stock.
Shares of Mondelez International opened at $39.65 on Wednesday, MarketBeat reports. The stock has a market cap of $58.29 billion, a PE ratio of 18.53, a PEG ratio of 1.35 and a beta of 0.87. The company has a quick ratio of 0.34, a current ratio of 0.50 and a debt-to-equity ratio of 0.50. Mondelez International has a 12 month low of $37.42 and a 12 month high of $47.23.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, June 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.22%. Mondelez International’s dividend payout ratio (DPR) is 41.12%.
Mondelez International declared that its Board of Directors has authorized a share buyback plan on Wednesday, January 31st that authorizes the company to buyback $6.00 billion in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.
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; gums and candies; coffee and powdered beverages; and cheese and grocery products. The company's primary snack brand portfolio includes Nabisco, Oreo, LU, and belVita biscuits; Cadbury, Milka, Cadbury Dairy Milk, and Toblerone chocolates; Trident gums; Halls candies; and Tang powdered beverages.
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