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

Mondelez International, Inc. (NASDAQ:MDLZ) announced 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 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 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 Performance

Mondelez International stock traded up $0.36 during midday trading on Friday, reaching $60.21. 7,608,138 shares of the stock traded hands, compared to its average volume of 7,102,161. Mondelez International has a fifty-two week low of $58.90 and a fifty-two week high of $77.20. The company has a current ratio of 0.63, a quick ratio of 0.42 and a debt-to-equity ratio of 0.59. The firm has a market cap of $80.51 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 2.80 and a beta of 0.53. The firm has a fifty day moving average price of $64.77 and a two-hundred day moving average price of $68.10.

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

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MDLZ shares. Citigroup reduced their price objective on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Piper Sandler increased their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Bank of America boosted their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 15th. Wells Fargo & Company decreased their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, December 5th. Finally, Stifel Nicolaus boosted their price objective on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, Mondelez International has an average rating of “Moderate Buy” and an average target price of $79.07.

Mondelez International declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board 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.