Equities research analysts expect that Mondelez International Inc (NASDAQ:MDLZ) will announce sales of $6.65 billion for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Mondelez International’s earnings, with estimates ranging from $6.40 billion to $6.80 billion. Mondelez International reported sales of $6.41 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 3.7%. The company is expected to issue its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Mondelez International will report full-year sales of $6.65 billion for the current fiscal year, with estimates ranging from $26.35 billion to $27.23 billion. For the next year, analysts forecast that the firm will report sales of $27.68 billion per share, with estimates ranging from $26.99 billion to $28.12 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Mondelez International.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The company had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.98 billion. During the same period last year, the firm posted $0.47 EPS. Mondelez International’s revenue for the quarter was up 2.9% on a year-over-year basis.
Mondelez International (NASDAQ MDLZ) opened at $40.51 on Monday. Mondelez International has a 52-week low of $39.19 and a 52-week high of $47.23. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.31 and a current ratio of 0.48. The stock has a market cap of $60,251.66, a price-to-earnings ratio of 21.21, a price-to-earnings-growth ratio of 1.38 and a beta of 0.90.
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 12th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.17%. Mondelez International’s payout ratio is currently 46.07%.
Mondelez International announced that its board has initiated a stock repurchase plan on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In other Mondelez International news, Director Charles E. Bunch bought 2,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were bought at an average cost of $43.90 per share, with a total value of $87,800.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Trian Fund Management, L.P. bought 1,028,600 shares of the company’s stock in a transaction on Friday, March 9th. The shares were acquired at an average cost of $44.27 per share, for a total transaction of $45,536,122.00. The disclosure for this purchase can be found here. Corporate insiders own 3.60% of the company’s stock.
Large investors have recently modified their holdings of the business. Amundi Pioneer Asset Management Inc. grew its position in shares of Mondelez International by 348.9% during the third quarter. Amundi Pioneer Asset Management Inc. now owns 4,044,516 shares of the company’s stock worth $164,450,000 after acquiring an additional 3,143,550 shares during the last quarter. Lindsell Train Ltd grew its position in shares of Mondelez International by 18.3% during the third quarter. Lindsell Train Ltd now owns 19,950,710 shares of the company’s stock worth $811,196,000 after acquiring an additional 3,086,000 shares during the last quarter. Clearbridge Investments LLC grew its position in shares of Mondelez International by 25.8% during the fourth quarter. Clearbridge Investments LLC now owns 8,005,915 shares of the company’s stock worth $342,653,000 after acquiring an additional 1,641,314 shares during the last quarter. First Manhattan Co. grew its position in shares of Mondelez International by 164.3% during the fourth quarter. First Manhattan Co. now owns 2,246,429 shares of the company’s stock worth $96,147,000 after acquiring an additional 1,396,538 shares during the last quarter. Finally, Eaton Vance Management grew its position in shares of Mondelez International by 29.0% during the fourth quarter. Eaton Vance Management now owns 5,439,637 shares of the company’s stock worth $232,816,000 after acquiring an additional 1,223,487 shares during the last quarter. 75.84% of the stock is currently owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Mondelez International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mondelez International and related companies with MarketBeat.com's FREE daily email newsletter.