Mondelez International, Inc. (NASDAQ:MDLZ) Plans $0.47 Quarterly Dividend

Mondelez International, Inc. (NASDAQ:MDLZ) declared a quarterly dividend on Tuesday, December 10th,NASDAQ Dividends reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.47 per share on Tuesday, January 14th. This represents a $1.88 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, December 31st.

Mondelez International has raised its dividend by an average of 10.5% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Mondelez International has a dividend payout ratio of 55.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Mondelez International to earn $3.39 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 55.5%.

Mondelez International Stock Up 0.6 %

NASDAQ:MDLZ opened at $60.21 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The stock has a 50 day moving average of $64.77 and a 200-day moving average of $68.10. The firm has a market capitalization of $80.51 billion, a PE ratio of 21.35, a price-to-earnings-growth ratio of 2.80 and a beta of 0.53. Mondelez International has a 52 week low of $58.90 and a 52 week high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.82 earnings per share. Analysts predict that Mondelez International will post 3.48 EPS for the current year.

Mondelez International announced that its board has authorized a share repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in shares. This repurchase authorization permits the company to purchase up to 10.7% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have weighed in on MDLZ shares. Piper Sandler upped their target price on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 30th. Evercore ISI increased their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Deutsche Bank Aktiengesellschaft downgraded Mondelez International from a “buy” rating to a “hold” rating and cut their price objective for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Wells Fargo & Company cut their price objective on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research report on Thursday, December 5th. Finally, Citigroup cut their price objective on Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average price target of $79.07.

Mondelez International Company Profile

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.