Mondelez International, Inc. (NASDAQ:MDLZ) to Issue Quarterly Dividend of $0.47

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 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date is Tuesday, December 31st.

Mondelez International has raised 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 13 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 traded up $0.36 on Friday, reaching $60.21. The stock had a trading volume of 7,608,138 shares, compared to its average volume of 7,102,161. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. Mondelez International has a 1 year low of $58.90 and a 1 year high of $77.20. The business has a 50 day moving average price of $64.77 and a 200 day moving average price of $68.10. The company has a market capitalization of $80.51 billion, a price-to-earnings ratio of 21.35, a P/E/G ratio of 2.80 and a beta of 0.53.

Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The company had revenue of $9.20 billion during the quarter, compared to analyst estimates of $9.11 billion. During the same period last year, the company posted $0.82 earnings per share. The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. On average, analysts forecast that Mondelez International will post 3.48 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of analysts have commented on MDLZ shares. Evercore ISI lifted their target price on shares of Mondelez International from $79.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, September 26th. Piper Sandler lifted their price objective on Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Citigroup cut their target price on Mondelez International from $80.00 to $78.00 and set a “buy” rating on the stock in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lowered Mondelez International from a “buy” rating to a “hold” rating and decreased their target price for the stock from $78.00 to $67.00 in a research report on Thursday, December 12th. Finally, Stifel Nicolaus increased their price target on shares of Mondelez International from $75.00 to $82.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $79.07.

About Mondelez International

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.