Mondelez International Inc (NASDAQ:MDLZ) announced a quarterly dividend on Friday, February 9th, Wall Street Journal reports. Investors of record on Thursday, March 29th will be paid a dividend of 0.22 per share on Thursday, April 12th. This represents a $0.88 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Wednesday, March 28th.

Shares of Mondelez International (NASDAQ MDLZ) opened at $42.14 on Friday. The stock has a market cap of $63,780.48, a price-to-earnings ratio of 19.85, a P/E/G ratio of 1.44 and a beta of 0.92. Mondelez International has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The company has a quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, January 31st. The company reported $0.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.01. The firm had revenue of $6.97 billion during the quarter, compared to analysts’ expectations of $6.98 billion. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. Mondelez International’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 earnings per share. analysts anticipate that Mondelez International will post 2.47 EPS for the current fiscal year.

Mondelez International announced that its Board of Directors has initiated a share buyback program on Wednesday, January 31st that allows the company to repurchase $6.00 billion in shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its stock is undervalued.

A number of equities research analysts recently issued reports on the stock. TheStreet upgraded shares of Mondelez International from a “c+” rating to a “b” rating in a report on Thursday, December 21st. UBS Group reissued a “buy” rating and set a $49.00 target price on shares of Mondelez International in a research report on Friday, October 13th. Morgan Stanley cut their target price on shares of Mondelez International from $50.00 to $48.00 and set an “overweight” rating for the company in a research report on Friday, October 13th. Zacks Investment Research raised shares of Mondelez International from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research report on Friday, January 12th. Finally, Piper Jaffray Companies reissued a “buy” rating and set a $52.00 target price on shares of Mondelez International in a research report on Thursday, February 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Mondelez International presently has a consensus rating of “Buy” and an average target price of $50.69.

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Mondelez International Company Profile

Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.

Dividend History for Mondelez International (NASDAQ:MDLZ)

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