Mondelez International Inc (NASDAQ:MDLZ) announced a quarterly dividend on Wednesday, December 13th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.22 per share on Thursday, January 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, December 28th.

Mondelez International (MDLZ) traded up $0.06 during midday trading on Wednesday, hitting $42.94. The stock had a trading volume of 9,000,679 shares, compared to its average volume of 7,836,681. Mondelez International has a 12 month low of $39.19 and a 12 month high of $47.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.34 and a current ratio of 0.51. The company has a market cap of $64,064.41, a price-to-earnings ratio of 20.91, a PEG ratio of 1.77 and a beta of 0.98.

Mondelez International (NASDAQ:MDLZ) last released its earnings results on Monday, October 30th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. Mondelez International had a return on equity of 12.31% and a net margin of 8.61%. The company had revenue of $6.53 billion during the quarter, compared to analyst estimates of $6.45 billion. During the same quarter in the previous year, the company posted $0.52 EPS. Mondelez International’s revenue for the quarter was up 2.1% on a year-over-year basis. sell-side analysts anticipate that Mondelez International will post 2.14 earnings per share for the current year.

A number of equities research analysts have recently weighed in on the company. Royal Bank of Canada reissued a “buy” rating and issued a $53.00 target price on shares of Mondelez International in a research note on Tuesday, October 3rd. BidaskClub raised Mondelez International from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 7th. Sanford C. Bernstein reissued an “outperform” rating and issued a $55.00 target price on shares of Mondelez International in a research note on Wednesday, September 20th. Susquehanna Bancshares set a $45.00 target price on Mondelez International and gave the company a “hold” rating in a research note on Monday, October 30th. Finally, BMO Capital Markets restated a “buy” rating and set a $48.00 price target on shares of Mondelez International in a report on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $49.40.

In other Mondelez International news, Director Lewis W. K. Booth purchased 1,500 shares of Mondelez International stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average price of $41.29 per share, for a total transaction of $61,935.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.60% of the stock is owned by 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.

Dividend History for Mondelez International (NASDAQ:MDLZ)

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