Mondelez International, Inc. (NASDAQ:MDLZ) Announces Dividend Increase – $0.47 Per Share

Mondelez International, Inc. (NASDAQ:MDLZ) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.47 per share on Monday, October 14th. This represents a $1.88 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Monday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.43.

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 dividend payout ratio of 52.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Mondelez International to earn $3.59 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 52.4%.

Mondelez International Price Performance

MDLZ opened at $74.20 on Friday. The firm has a market capitalization of $99.12 billion, a PE ratio of 23.56, a price-to-earnings-growth ratio of 3.02 and a beta of 0.54. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.68 and a quick ratio of 0.50. The business’s 50-day moving average is $71.47 and its two-hundred day moving average is $69.55. Mondelez International has a 1 year low of $60.75 and a 1 year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, July 30th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. The firm had revenue of $8.34 billion for the quarter, compared to the consensus estimate of $8.45 billion. Mondelez International had a net margin of 10.97% and a return on equity of 16.69%. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 EPS. Research analysts anticipate that Mondelez International will post 3.49 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MDLZ shares. TD Cowen reduced their price target on Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a research report on Thursday, June 6th. Deutsche Bank Aktiengesellschaft decreased their price target on Mondelez International from $78.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Piper Sandler lowered their price target on Mondelez International from $78.00 to $76.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Evercore ISI upped their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Sanford C. Bernstein lowered their target price on shares of Mondelez International from $90.00 to $88.00 and set an “outperform” rating for the company in a research note on Wednesday, July 17th. One equities research analyst has rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $78.65.

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.