Mondelez International, Inc. (MDLZ) Plans Quarterly Dividend of $0.22
Mondelez International, Inc. (NASDAQ:MDLZ) declared a quarterly dividend on Friday, August 4th, Wall Street Journal reports. Investors of record on Friday, September 29th will be paid a dividend of 0.22 per share on Thursday, October 12th. This represents a $0.88 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Mondelez International’s previous quarterly dividend of $0.19.
Mondelez International (NASDAQ:MDLZ) opened at 43.48 on Friday. The company’s 50-day moving average is $44.09 and its 200 day moving average is $44.53. The company has a market cap of $66.05 billion, a price-to-earnings ratio of 38.24 and a beta of 1.19. Mondelez International has a 12 month low of $40.50 and a 12 month high of $47.23.
Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Mondelez International had a return on equity of 11.96% and a net margin of 6.92%. The firm had revenue of $5.99 billion during the quarter, compared to the consensus estimate of $5.98 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. The business’s revenue was down 5.0% on a year-over-year basis. Equities analysts forecast that Mondelez International will post $2.11 earnings per share for the current fiscal year.
A number of research firms have weighed in on MDLZ. UBS AG reaffirmed a “buy” rating and set a $51.00 price target on shares of Mondelez International in a research report on Thursday. Piper Jaffray Companies upgraded Mondelez International from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $48.00 to $49.00 in a research note on Tuesday, July 25th. Susquehanna Bancshares Inc reiterated a “hold” rating on shares of Mondelez International in a research note on Wednesday. Royal Bank Of Canada reiterated an “outperform” rating and set a $53.00 price objective (down previously from $54.00) on shares of Mondelez International in a research note on Monday, July 31st. Finally, J P Morgan Chase & Co reiterated an “overweight” rating and set a $49.00 price objective (down previously from $50.00) on shares of Mondelez International in a research note on Wednesday, June 28th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $50.33.
In related news, EVP Robin S. Hargrove sold 6,000 shares of the stock in a transaction on Friday, May 12th. The stock was sold at an average price of $44.87, for a total value of $269,220.00. Following the sale, the executive vice president now owns 14,663 shares in the company, valued at approximately $657,928.81. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Trian Fund Management, L.P. sold 1,731,410 shares of the stock in a transaction on Tuesday, May 9th. The shares were sold at an average price of $44.71, for a total value of $77,411,341.10. The disclosure for this sale can be found here. 3.60% of the stock is currently owned by corporate insiders.
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About Mondelez International
Mondelez International, Inc is a snack company. The Company manufactures and markets snack food and beverage products for consumers. It operates through four segments: Latin America, Asia, Middle East, and Africa (AMEA), Europe and North America. As of December 31, 2016, its brands spanned five product categories: Biscuits (including cookies, crackers and salted snacks); Chocolate; Gum and candy; Beverages (including coffee and powdered beverages), and Cheese and grocery.
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