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

Mondelez International, Inc. (NASDAQ:MDLZ - Get Free Report) declared a quarterly dividend on Friday, February 14th,Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.47 per share on Monday, April 14th. This represents a $1.88 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend is Monday, March 31st.

Mondelez International has raised its dividend by an average of 10.4% per year over the last three years and has increased its dividend annually for the last 13 consecutive years. Mondelez International has a payout ratio of 58.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Mondelez International to earn $3.26 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 57.7%.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded up $0.46 on Tuesday, hitting $61.28. The company had a trading volume of 2,587,727 shares, compared to its average volume of 10,859,768. Mondelez International has a 1-year low of $53.95 and a 1-year high of $76.06. The stock has a market cap of $81.94 billion, a price-to-earnings ratio of 17.93, a P/E/G ratio of 4.04 and a beta of 0.54. The stock has a 50 day moving average price of $58.97 and a 200 day moving average price of $66.06. The company has a current ratio of 0.68, a quick ratio of 0.42 and a debt-to-equity ratio of 0.58.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.01). Mondelez International had a net margin of 12.68% and a return on equity of 16.75%. Analysts expect that Mondelez International will post 2.9 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on MDLZ shares. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Mondelez International from $67.00 to $62.00 and set a "hold" rating for the company in a research report on Wednesday, January 22nd. Wells Fargo & Company reduced their target price on shares of Mondelez International from $61.00 to $54.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. DZ Bank cut shares of Mondelez International from a "hold" rating to a "sell" rating and set a $52.00 target price for the company. in a research report on Friday, February 7th. Royal Bank of Canada cut their price objective on shares of Mondelez International from $75.00 to $69.00 and set an "outperform" rating for the company in a research report on Thursday, February 6th. Finally, Jefferies Financial Group cut shares of Mondelez International from a "buy" rating to a "hold" rating and cut their price objective for the stock from $75.00 to $62.00 in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Mondelez International presently has an average rating of "Moderate Buy" and an average price target of $69.74.

Mondelez International announced that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in shares. This repurchase authorization allows the company to reacquire up to 10.7% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

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.