Mondelez International, Inc. Declares Quarterly Dividend of $0.50 (NASDAQ:MDLZ)

by · The Markets Daily

Mondelez International, Inc. (NASDAQ:MDLZ – Get Free Report) announced a quarterly dividend on Thursday, December 11th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.50 per share on Wednesday, January 14th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Wednesday, December 31st.

Mondelez International has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 13 consecutive years. Mondelez International has a payout ratio of 60.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Mondelez International to earn $3.26 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 61.3%.

Mondelez International Stock Performance

Mondelez International stock traded up $0.34 during mid-day trading on Friday, reaching $54.13. 1,060,528 shares of the company were exchanged, compared to its average volume of 8,761,807. The firm’s 50-day simple moving average is $58.20 and its two-hundred day simple moving average is $62.77. Mondelez International has a twelve month low of $53.13 and a twelve month high of $71.15. The firm has a market cap of $69.85 billion, a PE ratio of 20.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.37 and a current ratio of 0.61.

Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its earnings results on Tuesday, April 11th. The company reported $0.66 earnings per share (EPS) for the quarter. Mondelez International had a return on equity of 14.16% and a net margin of 9.38%.The business had revenue of $7.30 billion for the quarter. Equities analysts predict that Mondelez International will post 2.9 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in MDLZ. Saranac Partners Ltd purchased a new position in Mondelez International in the third quarter valued at about $110,000. Allworth Financial LP grew its holdings in shares of Mondelez International by 1.2% in the 3rd quarter. Allworth Financial LP now owns 350,293 shares of the company’s stock worth $21,883,000 after acquiring an additional 4,069 shares during the period. IFP Advisors Inc increased its stake in Mondelez International by 19.7% in the 3rd quarter. IFP Advisors Inc now owns 6,149 shares of the company’s stock valued at $384,000 after purchasing an additional 1,014 shares in the last quarter. Swiss Life Asset Management Ltd raised its holdings in Mondelez International by 4.4% during the third quarter. Swiss Life Asset Management Ltd now owns 146,004 shares of the company’s stock worth $9,121,000 after purchasing an additional 6,107 shares during the last quarter. Finally, Cambria Investment Management L.P. purchased a new stake in Mondelez International during the third quarter worth $232,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

About Mondelez International

(Get Free Report)

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.

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