Analysts expect Mondelez International Inc (NASDAQ:MDLZ) to post $6.66 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Mondelez International’s earnings, with estimates ranging from $6.44 billion to $6.80 billion. Mondelez International reported sales of $6.41 billion in the same quarter last year, which would suggest a positive year over year growth rate of 3.9%. The company is scheduled to announce its next earnings report on Tuesday, May 1st.
On average, analysts expect that Mondelez International will report full-year sales of $6.66 billion for the current year, with estimates ranging from $26.62 billion to $27.32 billion. For the next financial year, analysts anticipate that the business will post sales of $27.78 billion per share, with estimates ranging from $27.31 billion to $28.32 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Mondelez International.
Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.01. The company had revenue of $6.97 billion for the quarter, compared to analyst estimates of $6.98 billion. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The company’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 earnings per share.
Several equities analysts recently commented on MDLZ shares. BidaskClub cut shares of Mondelez International from a “sell” rating to a “strong sell” rating in a research note on Friday, January 5th. Credit Suisse Group boosted their price objective on shares of Mondelez International from $46.00 to $48.00 and gave the company an “outperform” rating in a research note on Tuesday, October 31st. JPMorgan Chase & Co. boosted their price objective on shares of Mondelez International from $44.00 to $45.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 price objective for the company in a research note on Friday, January 12th. Finally, Piper Jaffray Companies set a $50.00 price objective on shares of Mondelez International and gave the company a “buy” rating in a research note on Thursday, January 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $50.69.
Mondelez International (MDLZ) opened at $44.14 on Tuesday. The company has a market cap of $65,650.00, a P/E ratio of 23.11, a P/E/G ratio of 1.49 and a beta of 0.92. Mondelez International has a 12 month low of $39.19 and a 12 month 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.
Mondelez International declared that its board has approved a share buyback program on Wednesday, January 31st that authorizes the company to repurchase $6.00 billion in shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Thursday, March 29th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.88 dividend on an annualized basis and a yield of 1.99%. Mondelez International’s dividend payout ratio is presently 46.07%.
Hedge funds have recently added to or reduced their stakes in the business. Bank of Nova Scotia Trust Co. purchased a new position in Mondelez International in the 3rd quarter worth approximately $113,000. Cerebellum GP LLC purchased a new position in Mondelez International in the 4th quarter worth approximately $127,000. Acrospire Investment Management LLC grew its stake in Mondelez International by 1,450.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,100 shares of the company’s stock worth $134,000 after buying an additional 2,900 shares in the last quarter. Taylor Hoffman Wealth Management purchased a new position in Mondelez International in the 4th quarter worth approximately $144,000. Finally, Banco de Sabadell S.A purchased a new position in Mondelez International in the 4th quarter worth approximately $148,000. 76.47% of the stock is owned by institutional investors and hedge funds.
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Mondelez International Company Profile
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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