Mondelez International Inc (NASDAQ:MDLZ) Announces Dividend Increase – $0.32 Per Share

Mondelez International Inc (NASDAQ:MDLZ) declared a quarterly dividend on Tuesday, July 28th, Zacks reports. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.315 per share on Wednesday, October 14th. This represents a $1.26 annualized dividend and a yield of 2.25%. The ex-dividend date is Tuesday, September 29th. This is an increase from Mondelez International’s previous quarterly dividend of $0.29.

Mondelez International has increased its dividend payment by an average of 51.4% annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Mondelez International has a dividend payout ratio of 44.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Mondelez International to earn $2.74 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 41.6%.

NASDAQ:MDLZ traded down $0.90 during mid-day trading on Thursday, reaching $55.89. 150,748 shares of the company’s stock were exchanged, compared to its average volume of 5,238,169. Mondelez International has a one year low of $41.19 and a one year high of $59.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.39 and a current ratio of 0.53. The business’s fifty day simple moving average is $52.24 and its two-hundred day simple moving average is $52.78. The firm has a market capitalization of $80.37 billion, a PE ratio of 21.68, a price-to-earnings-growth ratio of 3.20 and a beta of 0.61.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.07. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.92 billion. Mondelez International had a return on equity of 13.95% and a net margin of 13.31%. The firm’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 earnings per share. As a group, equities research analysts forecast that Mondelez International will post 2.56 EPS for the current year.

In other news, Director Charles E. Bunch acquired 2,000 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was bought at an average cost of $50.32 per share, for a total transaction of $100,640.00. Corporate insiders own 1.30% of the company’s stock.

Several equities analysts have commented on MDLZ shares. Credit Suisse Group raised their target price on shares of Mondelez International from $62.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday. Guggenheim lifted their price target on Mondelez International from $57.00 to $60.00 and gave the company a “buy” rating in a research note on Wednesday. Seaport Global Securities started coverage on Mondelez International in a research report on Tuesday. They set a “buy” rating and a $61.00 price objective for the company. UBS Group boosted their target price on Mondelez International from $60.00 to $62.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Jefferies Financial Group raised their price target on shares of Mondelez International from $60.00 to $64.00 and gave the company a “buy” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $62.11.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures and markets snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's primary snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages.

Further Reading: Calculate Your Return on Investment (ROI)

Dividend History for Mondelez International (NASDAQ:MDLZ)

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