Mondelez International, Inc. (NASDAQ:MDLZ) Plans Dividend Increase – $0.47 Per Share

Mondelez International, Inc. (NASDAQ:MDLZ) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.47 per share on Monday, October 14th. This represents a $1.88 annualized dividend and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, September 30th. This is an increase from Mondelez International’s previous quarterly dividend of $0.43.

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 12 years. Mondelez International has a dividend payout ratio of 46.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Mondelez International to earn $3.65 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 46.6%.

Mondelez International Stock Performance

Shares of NASDAQ MDLZ traded down $0.29 during mid-day trading on Thursday, hitting $68.06. The stock had a trading volume of 272,625 shares, compared to its average volume of 7,182,943. Mondelez International has a twelve month low of $60.75 and a twelve month high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.63 and a current ratio of 0.77. The firm has a market cap of $91.29 billion, a PE ratio of 21.70, a PEG ratio of 2.78 and a beta of 0.53. The company has a 50 day moving average of $66.77 and a two-hundred day moving average of $69.85.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, beating the consensus estimate of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.58%. The company had revenue of $8.34 billion for the quarter, compared to analyst estimates of $8.45 billion. During the same period in the prior year, the company earned $0.76 earnings per share. The firm’s revenue was down 1.9% on a year-over-year basis. Research analysts predict that Mondelez International will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Stifel Nicolaus lowered their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Tuesday, July 23rd. Piper Sandler increased their target price on shares of Mondelez International from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Wednesday. Sanford C. Bernstein lowered their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 17th. Wells Fargo & Company lowered their target price on shares of Mondelez International from $80.00 to $76.00 and set an “overweight” rating on the stock in a research note on Tuesday, June 4th. Finally, TD Cowen lowered their target price on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research note on Thursday, June 6th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.06.

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.