$6.43 Billion in Sales Expected for Mondelez International Inc (MDLZ) This Quarter
Wall Street analysts expect Mondelez International Inc (NASDAQ:MDLZ) to report $6.43 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Mondelez International’s earnings, with estimates ranging from $6.37 billion to $6.47 billion. Mondelez International posted sales of $6.77 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 5%. The firm is scheduled to report its next quarterly earnings results on Tuesday, May 7th.
On average, analysts expect that Mondelez International will report full-year sales of $25.87 billion for the current fiscal year, with estimates ranging from $25.59 billion to $26.19 billion. For the next year, analysts expect that the company will report sales of $26.63 billion, with estimates ranging from $26.32 billion to $26.93 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Mondelez International.
Mondelez International (NASDAQ:MDLZ) last released its earnings results on Wednesday, January 30th. The company reported $0.63 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.63. The company had revenue of $6.77 billion for the quarter, compared to analysts’ expectations of $6.77 billion. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The business’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 EPS.
Shares of NASDAQ MDLZ traded up $0.84 during mid-day trading on Wednesday, reaching $48.16. 10,522,037 shares of the company’s stock were exchanged, compared to its average volume of 8,344,491. The stock has a market capitalization of $70.02 billion, a price-to-earnings ratio of 19.82, a PEG ratio of 2.53 and a beta of 0.89. Mondelez International has a 52 week low of $37.42 and a 52 week high of $48.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.45 and a quick ratio of 0.30.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 29th will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 2.16%. The ex-dividend date is Thursday, March 28th. Mondelez International’s dividend payout ratio (DPR) is currently 42.80%.
In other Mondelez International news, EVP Gerhard W. Pleuhs sold 29,340 shares of Mondelez International stock in a transaction dated Wednesday, February 13th. The stock was sold at an average price of $47.72, for a total transaction of $1,400,104.80. Following the completion of the transaction, the executive vice president now owns 229,700 shares of the company’s stock, valued at approximately $10,961,284. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Vinzenz P. Gruber sold 10,945 shares of Mondelez International stock in a transaction dated Friday, February 1st. The shares were sold at an average price of $45.86, for a total value of $501,937.70. Following the transaction, the executive vice president now directly owns 139,584 shares of the company’s stock, valued at approximately $6,401,322.24. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc boosted its position in shares of Mondelez International by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 105,273,083 shares of the company’s stock valued at $4,522,531,000 after acquiring an additional 944,384 shares during the last quarter. BlackRock Inc. boosted its position in shares of Mondelez International by 4.0% during the 4th quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock valued at $3,620,751,000 after acquiring an additional 3,487,619 shares during the last quarter. Lindsell Train Ltd boosted its position in shares of Mondelez International by 13.3% during the 3rd quarter. Lindsell Train Ltd now owns 28,982,722 shares of the company’s stock valued at $1,245,098,000 after acquiring an additional 3,396,714 shares during the last quarter. Northern Trust Corp boosted its position in shares of Mondelez International by 3.6% during the 4th quarter. Northern Trust Corp now owns 20,893,890 shares of the company’s stock valued at $836,382,000 after acquiring an additional 723,025 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Mondelez International by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 18,875,712 shares of the company’s stock valued at $754,269,000 after acquiring an additional 1,928,429 shares during the last quarter. 75.80% of the stock is 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; 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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