Mondelez International, Inc. (MDLZ) To Go Ex-Dividend on September 30th

Mondelez International, Inc. (NASDAQ:MDLZ) announced a quarterly dividend on Tuesday, July 30th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.47 per share on Monday, October 14th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend is Monday, September 30th. This is a positive change from Mondelez International’s previous quarterly dividend of $0.43.

Mondelez International has increased its dividend payment by an average of 10.5% per year over the last three years and has raised its dividend every year for the last 12 years. Mondelez International has a dividend payout ratio of 46.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Mondelez International to earn $3.65 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 46.6%.

Mondelez International Stock Performance

Shares of NASDAQ:MDLZ traded down $0.49 during mid-day trading on Thursday, reaching $67.86. The company had a trading volume of 447,966 shares, compared to its average volume of 7,184,136. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 0.59. The firm has a market cap of $91.02 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.78 and a beta of 0.53. The company’s 50-day moving average price is $66.77 and its 200-day moving average price is $69.85. Mondelez International has a one year low of $60.75 and a one year high of $77.20.

Mondelez International (NASDAQ:MDLZ) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.07. Mondelez International had a net margin of 10.97% and a return on equity of 16.58%. The company had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.45 billion. During the same quarter in the previous year, the firm posted $0.76 EPS. Mondelez International’s revenue was down 1.9% on a year-over-year basis. As a group, equities research analysts anticipate that Mondelez International will post 3.48 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Piper Sandler boosted their target price on shares of Mondelez International from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Wednesday. TD Cowen decreased their price target on shares of Mondelez International from $83.00 to $79.00 and set a “buy” rating on the stock in a report on Thursday, June 6th. DA Davidson decreased their price target on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday. Evercore ISI decreased their price target on shares of Mondelez International from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Tuesday, June 4th. Finally, Citigroup decreased their price target on shares of Mondelez International from $87.00 to $84.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. One equities research analyst has rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $79.06.

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.