Mondelez International, Inc. (NASDAQ:MDLZ) Declares $0.43 Quarterly Dividend

Mondelez International, Inc. (NASDAQ:MDLZ) declared a quarterly dividend on Wednesday, May 22nd, RTT News reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.425 per share on Friday, July 12th. This represents a $1.70 annualized dividend and a dividend yield of 2.55%. The ex-dividend date of this dividend is Friday, June 28th.

Mondelez International has raised its dividend payment by an average of 10.5% per year over the last three years and has increased its dividend every year for the last 12 years. Mondelez International has a dividend payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Mondelez International to earn $3.70 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 45.9%.

Mondelez International Price Performance

Shares of MDLZ opened at $66.64 on Thursday. The business has a 50-day moving average of $68.95 and a 200-day moving average of $70.91. Mondelez International has a 1 year low of $60.75 and a 1 year high of $77.20. The company has a market capitalization of $89.39 billion, a price-to-earnings ratio of 21.16, a price-to-earnings-growth ratio of 2.60 and a beta of 0.54. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.77 and a quick ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The company had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. Mondelez International had a net margin of 11.87% and a return on equity of 16.11%. Mondelez International’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.89 earnings per share. As a group, equities research analysts anticipate that Mondelez International will post 3.49 earnings per share for the current year.

Analyst Ratings Changes

MDLZ has been the subject of a number of research analyst reports. Barclays lowered their target price on Mondelez International from $84.00 to $80.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Evercore ISI reduced their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Tuesday, June 4th. Citigroup decreased their target price on Mondelez International from $87.00 to $84.00 and set a “buy” rating for the company in a research report on Thursday, April 11th. JPMorgan Chase & Co. lowered their target price on Mondelez International from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Finally, Wells Fargo & Company lowered their price objective on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a report on Tuesday, June 4th. One analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $80.22.

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.