Mondelez International, Inc. (MDLZ) to Issue Quarterly Dividend of $0.47 on January 14th

Mondelez International, Inc. (NASDAQ:MDLZ) announced a quarterly dividend on Tuesday, December 10th,NASDAQ Dividends reports. Shareholders 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 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Tuesday, December 31st.

Mondelez International has increased 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% meaning its dividend is sufficiently covered by earnings. 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 Up 0.6 %

Mondelez International stock traded up $0.36 during trading on Friday, reaching $60.21. 7,608,138 shares of the company’s stock were exchanged, compared to its average volume of 7,102,161. Mondelez International has a 52-week low of $58.90 and a 52-week high of $77.20. 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 company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The company’s 50-day moving average is $64.77 and its two-hundred day moving average is $68.10.

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

Mondelez International declared that its Board of Directors has approved a share repurchase program on Wednesday, December 11th that permits the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 10.7% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Stifel Nicolaus lifted their target price on Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI upped their target price on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Citigroup decreased their price target on shares of Mondelez International from $80.00 to $78.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Redburn Atlantic assumed coverage on shares of Mondelez International in a report on Tuesday, October 22nd. They issued a “buy” rating and a $82.00 price target on the stock. Finally, Wells Fargo & Company decreased their price objective on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $79.07.

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.