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CHICAGO, May 22, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Mondelēz International, Inc. (Nasdaq: MDLZ) today declared a regular quarterly dividend of $0.425 per share of Class A common stock. This dividend is payable on July 12, 2024, to shareholders of record as of the close of business on June 28, 2024.
Examine the evolution of Mondelez's (MDLZ) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
Dirk Van de Put, Mondelez International chairman and CEO, says chocolate prices will keep rising. He spoke on "Bloomberg Markets: The Close" on May 5.
Mondelez International (MDLZ) is a leading snack company with a diverse portfolio of popular brands. MDLZ has consistently shown strong growth and outperformed its peers in total return over the last two decades. The company offers a well-covered dividend with a double-digit growth rate, making it an attractive investment opportunity.
Mondelez's (MDLZ) first-quarter results reflect gains from effective pricing, efficient cost management and impressive momentum in emerging markets.
Consumer confidence in the United States is mixed, with many shoppers looking for deals when it comes to chocolate, biscuits and baked snacks.
While the top- and bottom-line numbers for Mondelez (MDLZ) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Mondelez (MDLZ) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.88 per share. This compares to earnings of $0.89 per share a year ago.
Mondelez's (MDLZ) first-quarter results are likely to reflect strength in core categories like chocolates and biscuits, while cost inflation and volatile consumer behavior are a concern.
Besides Wall Street's top -and-bottom-line estimates for Mondelez (MDLZ), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.