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

Mondelez International, Inc. (NASDAQ:MDLZ) announced a quarterly dividend on Friday, February 14th,Wall Street Journal reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.47 per share on Monday, April 14th. This represents a $1.88 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Monday, March 31st.

Mondelez International has increased its dividend by an average of 10.4% annually over the last three years and has raised its dividend annually for the last 12 consecutive years. Mondelez International has a dividend payout ratio of 58.4% meaning its dividend is sufficiently covered by earnings. Equities research 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 Mondelez International stock opened at $60.82 on Friday. Mondelez International has a fifty-two week low of $53.95 and a fifty-two week high of $76.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.42. The firm has a market capitalization of $81.33 billion, a P/E ratio of 17.78, a P/E/G ratio of 4.04 and a beta of 0.54. The company’s 50 day moving average price is $58.98 and its two-hundred day moving average price is $66.14.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share 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%. On average, equities analysts forecast that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on MDLZ shares. DZ Bank lowered shares of Mondelez International from a “hold” rating to a “sell” rating and set a $52.00 price target on the stock. in a report on Friday, February 7th. Piper Sandler lowered shares of Mondelez International from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $70.00 to $63.00 in a report on Friday, January 31st. Royal Bank of Canada cut their price target on shares of Mondelez International from $75.00 to $69.00 and set an “outperform” rating on the stock in a report on Thursday, February 6th. Barclays cut their price target on shares of Mondelez International from $69.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. Finally, Wells Fargo & Company lowered 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 note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Mondelez International currently has an average rating of “Moderate Buy” and an average price target of $69.74.

Mondelez International declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that allows the company to buyback $9.00 billion in outstanding shares. This buyback authorization allows the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback programs are usually an indication 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.