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 0.0 %
MDLZ opened at $63.93 on Wednesday. Mondelez International has a 12 month low of $57.63 and a 12 month high of $69.47. The stock has a market capitalization of $87.62 billion, a price-to-earnings ratio of 23.25, a PEG ratio of 3.17 and a beta of 0.60. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.68 and a quick ratio of 0.45. The business has a fifty day moving average price of $62.06 and a 200 day moving average price of $63.51.
Mondelez International (NASDAQ:MDLZ - Get Rating) last released its quarterly earnings data on Tuesday, July 26th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. The business 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 period in the prior year, the firm posted $0.66 EPS. Sell-side analysts expect that Mondelez International will post 2.91 earnings per share for the current fiscal year.
Mondelez International Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be given a dividend of $0.385 per share. This is a boost from Mondelez International's previous quarterly dividend of $0.35. This represents a $1.54 annualized dividend and a dividend yield of 2.41%. The ex-dividend date of this dividend is Thursday, September 29th. Mondelez International's dividend payout ratio is currently 50.91%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on MDLZ. Morgan Stanley dropped their price objective on Mondelez International from $73.00 to $70.00 and set an "overweight" rating for the company in a research note on Wednesday, April 13th. UBS Group dropped their price objective on Mondelez International to $73.00 in a research note on Friday, July 22nd. Credit Suisse Group began coverage on Mondelez International in a research note on Tuesday, April 12th. They issued an "outperform" rating and a $70.00 price objective for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Mondelez International from $73.00 to $70.00 in a research note on Monday, July 18th. Finally, StockNews.com cut Mondelez International from a "buy" rating to a "hold" rating in a research note on Friday, July 22nd. One investment analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $73.18.