Mondelez International, Inc. (NASDAQ:MDLZ) Plans $0.47 Quarterly Dividend

Mondelez International, Inc. (NASDAQ:MDLZ) announced a quarterly dividend on Thursday, February 13th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.47 per share on Monday, April 14th. This represents a $1.88 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend is Monday, March 31st.

Mondelez International has increased its dividend payment by an average of 10.4% annually over the last three years and has raised its dividend annually for the last 13 consecutive years. Mondelez International has a dividend payout ratio of 58.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Mondelez International to earn $3.26 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 57.7%.

Mondelez International Stock Performance

MDLZ stock opened at $67.72 on Friday. Mondelez International has a twelve month low of $53.95 and a twelve month high of $76.06. The company has a quick ratio of 0.48, a current ratio of 0.68 and a debt-to-equity ratio of 0.58. The company has a market cap of $87.60 billion, a P/E ratio of 19.80, a price-to-earnings-growth ratio of 4.34 and a beta of 0.50. The business’s fifty day moving average is $62.25 and its 200-day moving average is $64.88.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, February 4th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.01). Mondelez International had a return on equity of 16.75% and a net margin of 12.68%. Equities research analysts forecast that Mondelez International will post 2.9 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on MDLZ. Piper Sandler increased their target price on shares of Mondelez International from $56.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $67.00 to $62.00 and set a “hold” rating on the stock in a research note on Wednesday, January 22nd. Dbs Bank cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 7th. Morgan Stanley assumed coverage on Mondelez International in a research report on Monday, March 24th. They set an “overweight” rating and a $69.00 price target on the stock. Finally, Argus cut Mondelez International from a “buy” rating to a “hold” rating in a report on Friday, February 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $69.50.

Institutional Trading of Mondelez International

An institutional investor recently raised its position in Mondelez International stock. Brighton Jones LLC increased its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ) by 92.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,631 shares of the company’s stock after acquiring an additional 7,025 shares during the quarter. Brighton Jones LLC’s holdings in Mondelez International were worth $874,000 as of its most recent filing with the SEC. 78.32% of the stock is currently owned by institutional investors.

Mondelez International declared that its Board of Directors has initiated a share buyback plan on Wednesday, December 11th that permits the company to buyback $9.00 billion in shares. This buyback authorization permits the company to reacquire up to 10.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

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.