Mondelez International, Inc. to Issue Quarterly Dividend of $0.43 (NASDAQ:MDLZ)

Mondelez International, Inc. (NASDAQ:MDLZGet Free Report) declared a quarterly dividend on Friday, February 2nd, RTT News reports. Investors of record on Thursday, March 28th will be paid a dividend of 0.425 per share on Thursday, April 11th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Wednesday, March 27th.

Mondelez International has increased its dividend payment by an average of 10.5% per year over the last three years and has raised its dividend every year for the last 12 years. Mondelez International has a dividend payout ratio of 44.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Mondelez International to earn $3.80 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 44.7%.

Mondelez International Stock Performance

MDLZ opened at $72.40 on Monday. The firm has a market capitalization of $98.53 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 2.46 and a beta of 0.57. The stock’s 50 day moving average price is $73.14 and its two-hundred day moving average price is $70.79. The company has a quick ratio of 0.43, a current ratio of 0.62 and a debt-to-equity ratio of 0.60. Mondelez International has a 12-month low of $60.75 and a 12-month high of $78.59.

Mondelez International (NASDAQ:MDLZGet Free Report) last released its earnings results on Tuesday, January 30th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.31 billion. Mondelez International had a return on equity of 15.91% and a net margin of 13.77%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.73 EPS. On average, equities analysts forecast that Mondelez International will post 3.52 earnings per share for the current year.

Wall Street Analyst Weigh In

MDLZ has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their price objective on Mondelez International from $84.00 to $82.00 and set an “overweight” rating on the stock in a report on Wednesday, November 29th. Stifel Nicolaus boosted their price target on Mondelez International from $78.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, January 25th. StockNews.com lowered Mondelez International from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Citigroup started coverage on Mondelez International in a research note on Thursday, February 1st. They issued a “buy” rating and a $87.00 price target on the stock. Finally, DA Davidson started coverage on Mondelez International in a research note on Friday, December 8th. They issued a “buy” rating and a $83.00 price target on the stock. One investment analyst has rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Mondelez International presently has an average rating of “Moderate Buy” and an average price target of $81.37.

View Our Latest Stock Report on MDLZ

Institutional Investors Weigh In On Mondelez International

Institutional investors have recently made changes to their positions in the stock. Tyler Stone Wealth Management acquired a new stake in shares of Mondelez International during the second quarter worth $25,000. Retirement Group LLC acquired a new position in Mondelez International in the fourth quarter valued at about $25,000. Quarry LP grew its stake in Mondelez International by 59.4% in the fourth quarter. Quarry LP now owns 381 shares of the company’s stock valued at $28,000 after acquiring an additional 142 shares during the period. Itau Unibanco Holding S.A. grew its stake in Mondelez International by 101.8% in the second quarter. Itau Unibanco Holding S.A. now owns 573 shares of the company’s stock valued at $42,000 after acquiring an additional 289 shares during the period. Finally, West Tower Group LLC acquired a new position in Mondelez International in the fourth quarter valued at about $46,000. 78.32% of the stock is owned by institutional investors and hedge funds.

Mondelez International Company Profile

(Get Free Report)

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.

Further Reading

Dividend History for Mondelez International (NASDAQ:MDLZ)

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