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

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

Mondelez International has increased its dividend by an average of 10.5% annually 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. 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 Trading Up 0.6 %

NASDAQ MDLZ opened at $60.21 on Friday. Mondelez International has a 1 year low of $58.90 and a 1 year high of $77.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.63 and a quick ratio of 0.42. The company has a market capitalization of $80.51 billion, a PE ratio of 21.35, a P/E/G ratio of 2.80 and a beta of 0.53. The company has a fifty day moving average of $64.77 and a 200 day moving average of $68.10.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $9.11 billion. During the same quarter last year, the business posted $0.82 EPS. The company’s revenue was up 1.9% on a year-over-year basis. Research analysts forecast that Mondelez International will post 3.48 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on MDLZ shares. Redburn Atlantic started coverage on shares of Mondelez International in a research note on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price objective on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Mondelez International from a “buy” rating to a “hold” rating and dropped their price target for the company from $78.00 to $67.00 in a research report on Thursday, December 12th. Evercore ISI lifted their price target on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, September 26th. Bank of America upped their target price on Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company dropped their price target on shares of Mondelez International from $78.00 to $74.00 and set an “overweight” rating on the stock in a research note 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.07.

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