Mondelez International Inc. (mdlz) To Go Ex-Dividend on September 28th
Mondelez International Inc. (NASDAQ:mdlz) declared a quarterly dividend on Wednesday, July 20th. Stockholders of record on Friday, September 30th will be paid a dividend of 0.19 per share on Thursday, October 13th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date is Wednesday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.17.
Several institutional investors have recently added to or reduced their stakes in the stock. Axiom International Investors LLC DE bought a new position in Mondelez International during the second quarter worth $63,034,000. Massachusetts Financial Services Co. MA raised its position in Mondelez International by 9.2% in the second quarter. Massachusetts Financial Services Co. MA now owns 12,311,751 shares of the company’s stock worth $560,308,000 after buying an additional 1,034,633 shares during the period. TIAA CREF Investment Management LLC raised its position in Mondelez International by 11.1% in the second quarter. TIAA CREF Investment Management LLC now owns 9,307,638 shares of the company’s stock worth $423,591,000 after buying an additional 931,227 shares during the period. Franklin Resources Inc. raised its position in Mondelez International by 54.4% in the second quarter. Franklin Resources Inc. now owns 2,321,376 shares of the company’s stock worth $105,644,000 after buying an additional 817,912 shares during the period. Finally, Teachers Advisors Inc. raised its position in Mondelez International by 17.3% in the second quarter. Teachers Advisors Inc. now owns 4,577,890 shares of the company’s stock worth $208,340,000 after buying an additional 676,131 shares during the period. Institutional investors and hedge funds own 75.91% of the company’s stock.
Mondelez International (NASDAQ:MDLZ) opened at 43.37 on Friday. The firm has a 50-day moving average of $43.27 and a 200-day moving average of $43.38. Mondelez International has a 12-month low of $35.88 and a 12-month high of $47.42. The stock has a market capitalization of $67.46 billion, a price-to-earnings ratio of 9.19 and a beta of 0.97.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.04. Mondelez International had a return on equity of 10.15% and a net margin of 28.01%. The business earned $6.30 billion during the quarter, compared to analyst estimates of $6.34 billion. During the same quarter last year, the company posted $0.47 EPS. Mondelez International’s revenue for the quarter was down 17.7% on a year-over-year basis. Equities research analysts forecast that Mondelez International will post $1.85 earnings per share for the current fiscal year.
MDLZ has been the topic of a number of recent research reports. Morgan Stanley reaffirmed a “buy” rating on shares of Mondelez International in a report on Wednesday, June 1st. Susquehanna reissued a “buy” rating on shares of Mondelez International in a research note on Monday, August 8th. Credit Suisse Group AG reissued a “buy” rating and issued a $51.00 price objective on shares of Mondelez International in a research note on Thursday, September 1st. Societe Generale cut shares of Mondelez International from a “buy” rating to a “hold” rating and boosted their price objective for the company from $35.88 to $43.94 in a research note on Thursday, July 28th. Finally, Deutsche Bank AG dropped their price objective on shares of Mondelez International from $48.00 to $47.00 and set a “hold” rating on the stock in a research note on Thursday, July 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $47.49.
About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company operates through five segments: Latin America; Asia Pacific; Eastern Europe, Middle East, and Africa (EEMEA); Europe, and North America.
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