Mondelez International Inc Announces Quarterly Dividend of $0.14 (MDLZ)
Mondelez International (NASDAQ:MDLZ) announced a quarterly dividend on Wednesday, February 26th, StockRatingsNetwork.com reports. Investors of record on Monday, March 31st will be paid a dividend of 0.14 per share on Monday, April 14th. This represents a $0.56 annualized dividend and a dividend yield of 1.63%.
A number of research firms have recently commented on MDLZ. Analysts at TheStreet reiterated a “buy” rating on shares of Mondelez International in a research note on Wednesday, February 19th. On a related note, analysts at Credit Suisse reiterated a “neutral” rating on shares of Mondelez International in a research note on Thursday, February 13th. They now have a $35.00 price target on the stock, down previously from $37.00. Finally, analysts at Jefferies Group raised their price target on shares of Mondelez International from $33.00 to $35.00 in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $37.83.
Shares of Mondelez International (NASDAQ:MDLZ) traded up 0.50% during mid-day trading on Wednesday, hitting $34.12. The stock had a trading volume of 1,989,567 shares. Mondelez International has a 52-week low of $26.86 and a 52-week high of $36.05. The stock has a 50-day moving average of $34.00 and a 200-day moving average of $32.98. The company has a market cap of $59.839 billion and a P/E ratio of 15.53.
Mondelez International (NASDAQ:MDLZ) last announced its earnings results on Tuesday, February 11th. The company reported $1.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.56. The company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.60 billion. During the same quarter last year, the company posted $0.36 earnings per share. Mondelez International’s revenue was down .1% compared to the same quarter last year. Analysts expect that Mondelez International will post $1.71 EPS for the current fiscal year.
Mondelez International, Inc (NASDAQ:MDLZ), is a snack manufacturing company.
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