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

Mondelez International, Inc. (NASDAQ:MDLZ) declared a quarterly dividend on Thursday, May 22nd, Wall Street Journal reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.47 per share on Monday, July 14th. This represents a $1.88 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Monday, June 30th.

Mondelez International has increased its dividend payment by an average of 10.4% annually over the last three years and has raised its dividend every year for the last 13 years. Mondelez International has a dividend payout ratio of 56.6% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NASDAQ MDLZ opened at $65.49 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.48. Mondelez International has a 1-year low of $53.95 and a 1-year high of $76.06. The company has a market capitalization of $84.80 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 4.34 and a beta of 0.50. The business has a 50-day moving average of $66.22 and a 200-day moving average of $63.32.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.67 by $0.07. Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. The firm had revenue of $9.31 billion for the quarter, compared to analyst estimates of $9.37 billion. During the same period in the previous year, the company posted $0.93 EPS. Mondelez International’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts anticipate that Mondelez International will post 2.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Mondelez International

A hedge fund recently raised its stake in Mondelez International stock. Brighton Jones LLC grew its stake in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 92.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,631 shares of the company’s stock after purchasing an additional 7,025 shares during the quarter. Brighton Jones LLC’s holdings in Mondelez International were worth $874,000 as of its most recent SEC filing. Institutional investors own 78.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Dbs Bank lowered shares of Mondelez International from a “strong-buy” rating to a “hold” rating in a report on Friday, February 7th. Morgan Stanley raised their target price on Mondelez International from $69.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, April 30th. UBS Group lifted their target price on Mondelez International from $60.00 to $69.00 and gave the stock a “neutral” rating in a research report on Thursday, April 17th. Wells Fargo & Company increased their price target on Mondelez International from $64.00 to $68.00 and gave the company an “equal weight” rating in a report on Wednesday, April 2nd. Finally, Mizuho raised their price objective on Mondelez International from $64.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.55.

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.