Mondelez International, Inc. (NASDAQ:MDLZ – Get Free Report) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.50 per share on Tuesday, July 14th. This represents a c) dividend on an annualized basis and a yield of 3.2%. The ex-dividend date is Tuesday, June 30th.
Mondelez International has increased its dividend payment by an average of 0.1%per year over the last three years and has increased 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. Analysts expect Mondelez International to earn $3.42 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 58.5%.
Mondelez International Stock Up 0.9%
Mondelez International stock traded up $0.55 during mid-day trading on Wednesday, reaching $61.84. 7,100,661 shares of the company’s stock were exchanged, compared to its average volume of 9,971,856. The company has a market cap of $79.38 billion, a P/E ratio of 30.77, a P/E/G ratio of 2.41 and a beta of 0.39. The company has a quick ratio of 0.37, a current ratio of 0.54 and a debt-to-equity ratio of 0.60. Mondelez International has a twelve month low of $51.20 and a twelve month high of $71.15. The company has a fifty day moving average of $58.33 and a 200-day moving average of $57.46.
Institutional Investors Weigh In On Mondelez International
A number of hedge funds and other institutional investors have recently modified their holdings of MDLZ. RMR Capital Management LLC purchased a new position in shares of Mondelez International in the 1st quarter valued at $202,000. Western Wealth Management LLC purchased a new position in shares of Mondelez International in the 1st quarter valued at $142,000. Orographic Financial Advisors LLC purchased a new position in shares of Mondelez International in the 1st quarter valued at $605,000. Royal Fund Management LLC grew its position in shares of Mondelez International by 145.7% in the 1st quarter. Royal Fund Management LLC now owns 21,400 shares of the company’s stock valued at $1,233,000 after buying an additional 12,690 shares during the last quarter. Finally, Kentucky Retirement Systems grew its position in shares of Mondelez International by 78.0% in the 1st quarter. Kentucky Retirement Systems now owns 144,795 shares of the company’s stock valued at $8,346,000 after buying an additional 63,451 shares during the last quarter. 78.32% of the stock is currently owned by institutional investors and hedge funds.
About Mondelez International
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
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