$6.65 Billion in Sales Expected for Mondelez International Inc (MDLZ) This Quarter

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.

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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.

Several brokerages have recently weighed in on MDLZ. TheStreet raised shares of Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. Zacks Investment Research upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Friday, January 12th. Piper Jaffray Companies restated a “buy” rating and set a $52.00 target price on shares of Mondelez International in a research report on Thursday, February 1st. Susquehanna Bancshares reiterated a “hold” rating and set a $48.00 price target on shares of Mondelez International in a report on Tuesday, January 30th. Finally, Societe Generale upgraded shares of Mondelez International from a “hold” rating to a “buy” rating and boosted their target price for the company from $45.00 to $55.00 in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $50.44.

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.

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

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