Mondelez International Inc. - said on July 27, 2023 that its board of directors declared a regular quarterly dividend of $0.42 per share ($1.70 annualized). Previously, the company paid $0.38 per share.
Shares must be purchased before the ex-div date of September 28, 2023 to qualify for the dividend. Shareholders of record as of September 29, 2023 will receive the payment on October 13, 2023.
At the current share price of $75.04 / share, the stock's dividend yield is 2.27%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.22%, the lowest has been 1.88%, and the highest has been 2.77%. The standard deviation of yields is 0.17 (n=235).
The current dividend yield is 0.28 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.56. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.35%, demonstrating that it has increased its dividend over time.
What is the Fund Sentiment?
There are 2922 funds or institutions reporting positions in Mondelez International Inc. -. This is an increase of 18 owner(s) or 0.62% in the last quarter. Average portfolio weight of all funds dedicated to MDLZ is 0.43%, an increase of 3.82%. Total shares owned by institutions increased in the last three months by 0.86% to 1,237,731K shares. 
The put/call ratio of MDLZ is 0.68, indicating a bullish outlook.
Analyst Price Forecast Suggests 10.71% Upside
As of July 6, 2023, the average one-year price target for Mondelez International Inc. - is 83.07. The forecasts range from a low of 72.72 to a high of $90.30. The average price target represents an increase of 10.71% from its latest reported closing price of 75.04.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Mondelez International Inc. - is 33,114MM, a decrease of 2.98%. The projected annual non-GAAP EPS is 3.14.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 42,203K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 41,510K shares, representing an increase of 1.64%. The firm decreased its portfolio allocation in MDLZ by 1.80% over the last quarter.
Ofi Invest Asset Management holds 41,670K shares representing 3.06% ownership of the company.
Price T Rowe Associates holds 33,006K shares representing 2.42% ownership of the company. In it's prior filing, the firm reported owning 31,603K shares, representing an increase of 4.25%. The firm increased its portfolio allocation in MDLZ by 1.67% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 31,808K shares representing 2.34% ownership of the company. In it's prior filing, the firm reported owning 31,571K shares, representing an increase of 0.74%. The firm decreased its portfolio allocation in MDLZ by 2.26% over the last quarter.
Jpmorgan Chase holds 29,764K shares representing 2.19% ownership of the company. In it's prior filing, the firm reported owning 28,707K shares, representing an increase of 3.55%. The firm increased its portfolio allocation in MDLZ by 0.22% over the last quarter.
Mondelez International Background Information
(This description is provided by the company.)
Mondelēz International, Inc. empowers people to snack right in over 150 countries around the world. With 2020 net revenues of approximately $27 billion, MDLZ is leading the future of snacking with iconic global and local brands such as OREO, belVita and LU biscuits; Cadbury Dairy Milk, Milka and Toblerone chocolate; Sour Patch Kids candy and Trident gum. Mondelēz International is a proud member of the Standard and Poor's 500, Nasdaq 100 and Dow Jones Sustainability Index.
Additional reading:
- Mondelēz International Reports Q2 2023 Results
- Mondelēz International Appoints Cees ‘t Hart to Board of Directors
- Mondelēz International Names Deepak Iyer as EVP & President, Asia Pacific, Middle East and Africa
- Mondelēz International Reports Q1 2023 Results
- 2023 Form of Amended and Restated 2005 Performance Incentive Plan Non-Qualified Global Stock Options Agreement
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
