Mondelez International, Inc. (MDLZ) to Issue Quarterly Dividend of $0.50 on January 14th

Mondelez International, Inc. (NASDAQ:MDLZ) declared a quarterly dividend on Thursday, December 11th. Shareholders of record on Wednesday, December 31st will be paid a dividend of 0.50 per share on Wednesday, January 14th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Wednesday, December 31st.

Mondelez International has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 13 years. Mondelez International has a dividend payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Mondelez International to earn $3.26 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 61.3%.

Mondelez International Trading Up 0.5%

NASDAQ:MDLZ opened at $54.04 on Friday. The firm has a 50-day simple moving average of $58.02 and a 200-day simple moving average of $62.69. Mondelez International has a one year low of $53.13 and a one year high of $71.15. The firm has a market cap of $69.73 billion, a P/E ratio of 20.24 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. The firm had revenue of $7.30 billion for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. Equities analysts anticipate that Mondelez International will post 2.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Berenberg Bank cut Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price objective for the company. in a research note on Thursday, October 2nd. Piper Sandler lowered their price target on shares of Mondelez International from $63.00 to $62.00 and set a “neutral” rating on the stock in a report on Friday, November 21st. Royal Bank Of Canada cut their price objective on shares of Mondelez International from $71.00 to $67.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 29th. Wells Fargo & Company lowered their target price on shares of Mondelez International from $74.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, October 29th. Finally, DA Davidson reduced their price target on Mondelez International from $65.00 to $62.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. Fourteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Mondelez International has a consensus rating of “Moderate Buy” and a consensus target price of $67.95.

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.