Mondelez International, Inc. (NASDAQ:MDLZ) Plans $0.43 Quarterly Dividend

Mondelez International, Inc. (NASDAQ:MDLZ) announced a quarterly dividend on Wednesday, May 22nd, RTT News reports. Investors of record on Friday, June 28th will be paid a dividend of 0.425 per share on Friday, July 12th. This represents a $1.70 dividend on an annualized basis and a yield of 2.42%.

Mondelez International has increased its dividend payment by an average of 10.5% annually over the last three years and has increased its dividend every year for the last 12 years. Mondelez International has a dividend payout ratio of 45.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Mondelez International to earn $3.75 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 45.3%.

Mondelez International Price Performance

Shares of MDLZ opened at $70.22 on Thursday. The company has a 50 day moving average of $69.90 and a two-hundred day moving average of $71.44. The company has a market cap of $94.19 billion, a price-to-earnings ratio of 22.29, a price-to-earnings-growth ratio of 2.50 and a beta of 0.55. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 0.59. Mondelez International has a twelve month low of $60.75 and a twelve month high of $77.20.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. Mondelez International had a return on equity of 16.11% and a net margin of 11.87%. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.16 billion. During the same period last year, the business posted $0.89 earnings per share. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. As a group, analysts predict that Mondelez International will post 3.5 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays lowered their price target on shares of Mondelez International from $84.00 to $80.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. StockNews.com downgraded Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Stifel Nicolaus raised their price objective on shares of Mondelez International from $78.00 to $81.00 and gave the stock a “buy” rating in a research note on Thursday, January 25th. Sanford C. Bernstein boosted their target price on shares of Mondelez International from $88.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, May 1st. Finally, Citigroup dropped their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a research report on Thursday, April 11th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $80.75.

About Mondelez International

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.