Mondelez International Inc (MDLZ) to Issue Quarterly Dividend of $0.22

Mondelez International Inc (NASDAQ:MDLZ) declared a quarterly dividend on Friday, February 9th, Wall Street Journal reports. Shareholders of record on Thursday, March 29th will be given a dividend of 0.22 per share on Thursday, April 12th. This represents a $0.88 annualized dividend and a yield of 2.10%. The ex-dividend date is Wednesday, March 28th.

Mondelez International (NASDAQ MDLZ) traded down $0.68 on Friday, reaching $42.00. 13,980,000 shares of the company’s stock traded hands, compared to its average volume of 9,350,000. The company has a quick ratio of 0.31, a current ratio of 0.48 and a debt-to-equity ratio of 0.50. Mondelez International has a fifty-two week low of $39.19 and a fifty-two week high of $47.23. The company has a market capitalization of $62,760.00, a P/E ratio of 21.99, a PEG ratio of 1.49 and a beta of 0.92.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings results on Wednesday, January 31st. The company reported $0.57 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.01. Mondelez International had a net margin of 11.28% and a return on equity of 12.72%. The business had revenue of $6.97 billion for the quarter, compared to the consensus estimate of $6.98 billion. During the same period last year, the firm earned $0.47 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. research analysts expect that Mondelez International will post 2.47 earnings per share for the current year.

Mondelez International declared that its board has authorized a stock buyback program on Wednesday, January 31st that allows the company to repurchase $6.00 billion in outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

MDLZ has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Mondelez International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Morgan Stanley increased their price target on shares of Mondelez International from $49.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, February 1st. BidaskClub upgraded shares of Mondelez International from a “strong sell” rating to a “sell” rating in a research report on Monday. Bank of America increased their price target on shares of Mondelez International from $50.00 to $56.00 and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Susquehanna Bancshares set a $45.00 price objective on shares of Mondelez International and gave the stock a “hold” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Mondelez International currently has an average rating of “Buy” and an average target price of $50.69.

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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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