Zacks: Analysts Anticipate Mondelez International Inc (MDLZ) to Post $0.61 EPS
Equities analysts forecast that Mondelez International Inc (NASDAQ:MDLZ) will post earnings of $0.61 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Mondelez International’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.60. Mondelez International posted earnings per share of $0.62 during the same quarter last year, which indicates a negative year over year growth rate of 1.6%. The firm is expected to announce its next earnings results after the market closes on Tuesday, April 30th.
On average, analysts expect that Mondelez International will report full-year earnings of $2.48 per share for the current year, with EPS estimates ranging from $2.44 to $2.51. For the next financial year, analysts anticipate that the firm will post earnings of $2.69 per share, with EPS estimates ranging from $2.63 to $2.80. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Mondelez International.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, January 30th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.63. Mondelez International had a return on equity of 14.03% and a net margin of 12.64%. The business had revenue of $6.77 billion during the quarter, compared to analyst estimates of $6.77 billion. During the same quarter in the previous year, the company posted $0.57 earnings per share. Mondelez International’s revenue for the quarter was down 2.8% on a year-over-year basis.
NASDAQ:MDLZ traded down $0.14 during mid-day trading on Friday, hitting $50.09. 6,407,670 shares of the company traded hands, compared to its average volume of 7,521,422. Mondelez International has a one year low of $37.42 and a one year high of $50.56. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.30 and a current ratio of 0.45. The firm has a market capitalization of $72.34 billion, a PE ratio of 20.61, a P/E/G ratio of 2.67 and a beta of 0.90.
The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, March 29th were given a $0.26 dividend. The ex-dividend date was Thursday, March 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 2.08%. Mondelez International’s dividend payout ratio is currently 42.80%.
In related news, EVP Alejandro Lorenzo sold 26,347 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $46.94, for a total value of $1,236,728.18. Following the sale, the executive vice president now directly owns 59,320 shares in the company, valued at $2,784,480.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Maurizio Brusadelli sold 5,495 shares of the business’s stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $47.27, for a total value of $259,748.65. Following the completion of the sale, the executive vice president now owns 78,523 shares in the company, valued at $3,711,782.21. The disclosure for this sale can be found here. Insiders sold 72,127 shares of company stock worth $3,398,519 over the last quarter. 1.50% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of MDLZ. Norges Bank purchased a new stake in shares of Mondelez International in the fourth quarter worth about $657,626,000. Oregon Public Employees Retirement Fund lifted its position in shares of Mondelez International by 3,854.2% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,387,067 shares of the company’s stock worth $160,000 after buying an additional 6,225,539 shares in the last quarter. Hillhouse Capital Advisors Ltd. purchased a new stake in shares of Mondelez International in the fourth quarter worth about $141,276,000. Sound Shore Management Inc. CT purchased a new stake in shares of Mondelez International in the fourth quarter worth about $141,109,000. Finally, BlackRock Inc. lifted its position in shares of Mondelez International by 4.0% in the fourth quarter. BlackRock Inc. now owns 90,450,969 shares of the company’s stock worth $3,620,751,000 after buying an additional 3,487,619 shares in the last quarter. Institutional investors own 76.85% of the company’s stock.
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; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.
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