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 Stock Performance
Shares of NASDAQ:MDLZ traded down $0.09 on Friday, reaching $64.20. 4,835,482 shares of the company's stock were exchanged, compared to its average volume of 7,982,444. The company has a fifty day moving average of $62.12 and a 200-day moving average of $63.49. Mondelez International has a twelve month low of $57.63 and a twelve month high of $69.47. The company has a market capitalization of $87.99 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 3.21 and a beta of 0.60. 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 announced its earnings results on Tuesday, July 26th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.64 by $0.03. Mondelez International had a net margin of 12.93% and a return on equity of 14.67%. The firm had revenue of $7.27 billion for the quarter, compared to analyst estimates of $6.81 billion. During the same quarter in the prior year, the business posted $0.66 EPS. On average, research analysts predict that Mondelez International will post 2.91 EPS for the current fiscal year.
Mondelez International Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a dividend of $0.385 per share. This is a positive change from Mondelez International's previous quarterly dividend of $0.35. The ex-dividend date is Thursday, September 29th. This represents a $1.54 annualized dividend and a dividend yield of 2.40%. Mondelez International's dividend payout ratio (DPR) is currently 50.91%.
Wall Street Analyst Weigh In
Several equities research analysts have commented on MDLZ shares. Deutsche Bank Aktiengesellschaft cut their price target on shares of Mondelez International from $73.00 to $70.00 in a research report on Monday, July 18th. UBS Group dropped their target price on shares of Mondelez International to $73.00 in a report on Friday, July 22nd. Piper Sandler dropped their target price on shares of Mondelez International to $72.00 and set an "outperform" rating on the stock in a report on Wednesday, July 27th. Sanford C. Bernstein upped their target price on shares of Mondelez International to $79.00 and gave the company an "outperform" rating in a report on Wednesday, July 27th. Finally, Mizuho dropped their target price on shares of Mondelez International from $77.00 to $75.00 in a report on Wednesday, April 27th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $73.18.