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, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; Trident gums; and Tang powdered beverages. It serves supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets through direct store delivery, company-owned and satellite warehouses, third party distributors, and other facilities, as well as through independent sales offices and agents, and e-commerce channels. The company was formerly known as Kraft Foods Inc. and changed its name to Mondelez International, Inc. in October 2012. Mondelez International, Inc. was incorporated in 2000 and is headquartered in Chicago, Illinois.
Mondelez International Trading Down 0.1 %
Shares of MDLZ Stock traded down $0.09 during trading hours on Friday, reaching $64.20. The company's stock had a trading volume of 4,838,258 shares, compared to its average volume of 5,740,973. The stock has a market capitalization of $87.99 billion, a P/E ratio of 23.35, a P/E/G ratio of 3.20 and a beta of 0.60. Mondelez International has a one year low of $57.63 and a one year high of $69.47. The firm's fifty day simple moving average is $62.16 and its 200 day simple moving average is $63.47. The company has a current ratio of 0.68, a quick ratio of 0.45 and a debt-to-equity ratio of 0.65.
Mondelez International (NASDAQ:MDLZ - Get Rating) last released its earnings results on Tuesday, July 26th. The company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.03. The company had revenue of $7.27 billion during the quarter, compared to analysts' expectations of $6.81 billion. Mondelez International had a return on equity of 14.67% and a net margin of 12.93%. During the same quarter last year, the business posted $0.66 EPS. Equities research analysts expect that Mondelez International will post 2.91 EPS for the current year.
Mondelez International Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.385 dividend. This represents a $1.54 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Thursday, September 29th. This is a boost from Mondelez International's previous quarterly dividend of $0.35. Mondelez International's dividend payout ratio (DPR) is presently 50.91%.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on MDLZ. Deutsche Bank Aktiengesellschaft decreased their price objective on Mondelez International from $73.00 to $70.00 in a report on Monday, July 18th. StockNews.com cut Mondelez International from a "buy" rating to a "hold" rating in a report on Friday, July 22nd. UBS Group decreased their price objective on Mondelez International to $73.00 in a report on Friday, July 22nd. Mizuho reduced their price target on Mondelez International from $77.00 to $75.00 in a research report on Wednesday, April 27th. Finally, Piper Sandler reduced their price target on Mondelez International to $72.00 and set an "outperform" rating on the stock in a research report on Wednesday, July 27th. One research analyst has rated the stock with a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $73.18.