$5.97 Billion in Sales Expected for Mondelez International Inc (NASDAQ:MDLZ) This Quarter
Wall Street analysts expect that Mondelez International Inc (NASDAQ:MDLZ) will report $5.97 billion in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Mondelez International’s earnings, with estimates ranging from $5.94 billion to $6.01 billion. Mondelez International posted sales of $6.11 billion in the same quarter last year, which would indicate a negative year over year growth rate of 2.3%. The company is scheduled to announce its next 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 year, with estimates ranging from $25.65 billion to $25.94 billion. For the next year, analysts forecast that the business will post sales of $26.49 billion, with estimates ranging from $26.24 billion to $26.76 billion. Zacks’ sales calculations are an average based on a survey of analysts that cover Mondelez International.
Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.04. The firm had revenue of $6.54 billion for the quarter, compared to the consensus estimate of $6.55 billion. Mondelez International had a return on equity of 14.17% and a net margin of 12.66%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.62 earnings per share.
Shares of NASDAQ:MDLZ traded up $0.56 during trading on Friday, hitting $54.55. 4,477,761 shares of the company were exchanged, compared to its average volume of 7,230,124. The company has a market cap of $77.81 billion, a P/E ratio of 22.45, a P/E/G ratio of 2.85 and a beta of 0.82. Mondelez International has a 52-week low of $38.78 and a 52-week high of $54.73. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.48 and a quick ratio of 0.33.
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. The ex-dividend date is Thursday, June 27th. This represents a $1.04 annualized dividend and a dividend yield of 1.91%. Mondelez International’s payout ratio is currently 42.80%.
In other news, EVP Gerhard W. Pleuhs sold 40,000 shares of the company’s stock in a transaction 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 owns 110,308 shares of the company’s stock, valued at $5,688,583.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.50% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Advantage Investment Management LLC grew its stake in shares of Mondelez International by 4.3% during the first quarter. Advantage Investment Management LLC now owns 4,834 shares of the company’s stock valued at $241,000 after buying an additional 200 shares during the last quarter. Cornerstone Advisors Inc. grew its stake in shares of Mondelez International by 2.4% during the first quarter. Cornerstone Advisors Inc. now owns 8,850 shares of the company’s stock valued at $442,000 after buying an additional 207 shares during the last quarter. Braun Bostich & Associates Inc. boosted its holdings in shares of Mondelez International by 28.9% during the fourth quarter. Braun Bostich & Associates Inc. now owns 977 shares of the company’s stock worth $39,000 after purchasing an additional 219 shares during the period. Smithfield Trust Co. boosted its holdings in shares of Mondelez International by 1.5% during the first quarter. Smithfield Trust Co. now owns 14,496 shares of the company’s stock worth $723,000 after purchasing an additional 221 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in shares of Mondelez International by 13.1% during the first quarter. Versant Capital Management Inc now owns 2,015 shares of the company’s stock worth $100,000 after purchasing an additional 234 shares during the period. 76.04% of the stock is currently owned by institutional investors and hedge funds.
About Mondelez International
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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