This Snack Stock Could Be a Treat for Dividend Investors

Mondelez International’s SnackFutures opened applications for CoLab

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Mondelez International, Inc. (NASDAQ:MDLZ) is an American multinational confectionery, food, beverage, and snack holding company that operates in more than 150 countries around the world. Mondelez’s portfolio includes well-known brands such as OREO, belVita, LU, Cadbury Dairy Milk, Milka, Toblerone chocolate, Sour Patch Kids, and Trident.

On Thursday, Nov. 4, Mondelez International’s innovation and venture hub, SnackFutures, announced the opening of applications for its CoLab 2022 class. CoLab, which launched this year, allows entrepreneurs to get access to Mondelez International’s experts, ecosystem, tools, and resources, while the company gains insights, capabilities, and prospective investment opportunities.

Mondelez stock has increased 8% in price year-over-year and is trading up 18% since bottoming at an annual low of $52.91 in early March. Additionally, shares have also grown 6% year-to-date and Mondelez stock is currently down just 4% off of its all-time high of $65.60, reached in June. Moreover, Mondelez International offers a forward dividend of $1.40 with a dividend yield of 2.25%.

Fundamentally, Mondelez International has struggled to grow their top line in recent years. MDLZ only saw a 2.6% increase in revenues between fiscal 2017 and fiscal 2020. Nonetheless, the snack company has managed to increase revenues 6.7% in the past 12 months and has maintained a decent growth rate on the bottom-line. Mondelez has increased its net income 52% since fiscal 2017 and 25% over the past 12 months. However, MDLZ holds a weak balance sheet with $3.6 billion in cash and $20.5 billion in total debt.

In addition, Mondelez stock’s valuation is currently on the higher-end, with MDLZ trading at price-earnings ratio of 20.08 and a price-sales ratio of 3.12. Overall, investors may be better suited timing the dips in Mondelez stock, but the equity continues to offer an opportunity for dividend investors looking for low volatility.

 

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