Wall Street analysts forecast that Mondelez International Inc (NASDAQ:MDLZ) will report sales of $6.34 billion for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Mondelez International’s earnings. The lowest sales estimate is $6.32 billion and the highest is $6.37 billion. Mondelez International posted sales of $6.53 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 2.9%. The firm is scheduled to announce its next earnings results after the market closes on Monday, October 29th.

According to Zacks, analysts expect that Mondelez International will report full-year sales of $26.03 billion for the current fiscal year, with estimates ranging from $25.95 billion to $26.09 billion. For the next financial year, analysts expect that the company will report sales of $26.07 billion, with estimates ranging from $25.93 billion to $26.36 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Mondelez International.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Wednesday, July 25th. The company reported $0.56 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. Mondelez International had a net margin of 11.58% and a return on equity of 13.42%. The firm had revenue of $6.11 billion during the quarter, compared to analysts’ expectations of $6.12 billion. During the same period last year, the company posted $0.48 EPS. The company’s quarterly revenue was up 2.1% compared to the same quarter last year.

Several equities research analysts have recently commented on the stock. UBS Group set a $51.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research report on Monday, September 24th. Morgan Stanley assumed coverage on shares of Mondelez International in a research report on Monday, September 17th. They issued an “equal weight” rating and a $47.00 target price for the company. BidaskClub raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Saturday, September 8th. Credit Suisse Group set a $48.00 target price on shares of Mondelez International and gave the stock a “buy” rating in a research report on Thursday, September 6th. Finally, Zacks Investment Research raised shares of Mondelez International from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the stock. Mondelez International has a consensus rating of “Buy” and a consensus target price of $49.21.

NASDAQ:MDLZ opened at $41.16 on Thursday. Mondelez International has a 12 month low of $37.42 and a 12 month high of $46.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.55 and a quick ratio of 0.37. The stock has a market capitalization of $63.00 billion, a PE ratio of 19.28, a P/E/G ratio of 1.94 and a beta of 0.83.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 12th. Investors of record on Friday, September 28th were given a dividend of $0.26 per share. This is a boost from Mondelez International’s previous quarterly dividend of $0.22. This represents a $1.04 dividend on an annualized basis and a yield of 2.53%. The ex-dividend date was Thursday, September 27th. Mondelez International’s dividend payout ratio (DPR) is 48.60%.

In related news, EVP Daniel P. Myers sold 27,963 shares of Mondelez International stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $43.44, for a total transaction of $1,214,712.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maurizio Brusadelli sold 7,381 shares of Mondelez International stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $43.74, for a total transaction of $322,844.94. Following the transaction, the executive vice president now directly owns 73,959 shares of the company’s stock, valued at $3,234,966.66. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Verition Fund Management LLC purchased a new position in Mondelez International in the first quarter worth about $864,000. Private Capital Group LLC raised its holdings in Mondelez International by 483.0% in the first quarter. Private Capital Group LLC now owns 3,667 shares of the company’s stock worth $154,000 after buying an additional 3,038 shares during the last quarter. Brookfield Asset Management Inc. raised its holdings in Mondelez International by 10.2% in the first quarter. Brookfield Asset Management Inc. now owns 259,251 shares of the company’s stock worth $10,819,000 after buying an additional 24,001 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in Mondelez International by 5.2% in the first quarter. Xact Kapitalforvaltning AB now owns 267,053 shares of the company’s stock worth $11,144,000 after buying an additional 13,247 shares during the last quarter. Finally, Summit Trail Advisors LLC raised its holdings in Mondelez International by 3,882.3% in the first quarter. Summit Trail Advisors LLC now owns 311,692 shares of the company’s stock worth $312,000 after buying an additional 303,865 shares during the last quarter. 74.56% of the stock is owned by institutional investors.

Mondelez International Company Profile

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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