Mondelez International, Inc. (MDLZ) To Go Ex-Dividend on December 31st

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

Mondelez International has raised its dividend by an average of 10.5% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Mondelez International has a payout ratio of 55.0% meaning its dividend is sufficiently covered by earnings. 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 %

Shares of NASDAQ MDLZ traded up $0.36 during trading on Friday, hitting $60.21. 7,608,138 shares of the company were exchanged, compared to its average volume of 7,102,161. The company has a fifty day moving average price of $64.77 and a 200-day moving average price of $68.10. Mondelez International has a 12-month low of $58.90 and a 12-month high of $77.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63. The firm 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.

Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The business had revenue of $9.20 billion during the quarter, compared to the consensus estimate of $9.11 billion. During the same quarter in the previous year, the firm earned $0.82 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. As a group, equities research analysts expect that Mondelez International will post 3.48 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Redburn Atlantic initiated coverage on Mondelez International in a report on Tuesday, October 22nd. They set a “buy” rating and a $82.00 price target on the stock. Piper Sandler boosted their target price on Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Wells Fargo & Company cut their price target on Mondelez International from $78.00 to $74.00 and set an “overweight” rating for the company in a research note on Thursday, December 5th. Evercore ISI lifted their price objective on shares of Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, September 26th. Finally, Bank of America upped their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Mondelez International presently has an average rating of “Moderate Buy” and a consensus price target of $79.07.

Mondelez International declared that its Board of Directors has approved a share repurchase plan on Wednesday, December 11th that allows the company to repurchase $9.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.