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

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) declared a quarterly dividend on Tuesday, December 10th,NASDAQ Dividends reports. Investors 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 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 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 Price Performance

MDLZ stock traded up $0.36 during trading on Friday, hitting $60.21. 7,608,138 shares of the company's stock traded hands, compared to its average volume of 7,102,161. Mondelez International has a 52 week low of $58.90 and a 52 week high of $77.20. The stock 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. The business has a fifty day simple moving average of $64.77 and a 200 day simple moving average of $68.12. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.14. The firm had revenue of $9.20 billion for the quarter, compared to analysts' expectations of $9.11 billion. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business's revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.82 EPS. As a group, research analysts expect that Mondelez International will post 3.48 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MDLZ has been the topic of several analyst reports. Redburn Atlantic began coverage on Mondelez International in a research report on Tuesday, October 22nd. They set a "buy" rating and a $82.00 target price on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Mondelez International from a "buy" rating to a "hold" rating and reduced their target price for the company from $78.00 to $67.00 in a research note on Thursday, December 12th. Bank of America lifted their price target on shares of Mondelez International from $80.00 to $84.00 and gave the stock a "buy" rating in a research note on Tuesday, October 15th. Piper Sandler increased their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an "overweight" rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their target price 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. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International has a consensus rating of "Moderate Buy" and a consensus price target of $79.07.

Mondelez International announced that its board has initiated a stock repurchase plan on Wednesday, December 11th that authorizes the company to repurchase $9.00 billion in shares. This repurchase authorization authorizes the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its shares are undervalued.

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.