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.
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.
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