Boothbay Fund Management LLC Acquires 22,216 Shares of Mondelez International, Inc. $MDLZ

Boothbay Fund Management LLC lifted its holdings in Mondelez International, Inc. (NASDAQ:MDLZ) by 14.0% in the 2nd quarter, Holdings Channel reports. The firm owned 180,832 shares of the company’s stock after buying an additional 22,216 shares during the quarter. Boothbay Fund Management LLC’s holdings in Mondelez International were worth $12,195,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. State Street Corp lifted its position in shares of Mondelez International by 1.1% in the second quarter. State Street Corp now owns 59,446,397 shares of the company’s stock worth $4,036,594,000 after buying an additional 670,634 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Mondelez International by 90.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 29,017,101 shares of the company’s stock valued at $1,968,811,000 after acquiring an additional 13,755,181 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Mondelez International by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 28,951,049 shares of the company’s stock worth $1,943,170,000 after purchasing an additional 242,695 shares during the last quarter. Norges Bank acquired a new stake in Mondelez International in the 2nd quarter worth approximately $1,239,834,000. Finally, Invesco Ltd. boosted its position in Mondelez International by 10.7% during the second quarter. Invesco Ltd. now owns 13,892,264 shares of the company’s stock worth $936,894,000 after purchasing an additional 1,345,078 shares during the period. 78.32% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Berenberg Bank lowered shares of Mondelez International from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research report on Thursday, October 2nd. Bank of America lowered their target price on shares of Mondelez International from $75.00 to $69.00 and set a “buy” rating on the stock in a research note on Wednesday, October 29th. DZ Bank upgraded shares of Mondelez International from a “sell” rating to a “buy” rating in a report on Thursday, October 30th. Wall Street Zen lowered shares of Mondelez International from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Finally, Barclays decreased their price target on shares of Mondelez International from $71.00 to $67.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Fourteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Mondelez International has an average rating of “Moderate Buy” and a consensus price target of $67.95.

Mondelez International Stock Performance

NASDAQ MDLZ opened at $54.04 on Friday. The company’s fifty day moving average is $58.02 and its two-hundred day moving average is $62.69. Mondelez International, Inc. has a 52-week low of $53.13 and a 52-week high of $71.15. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.61 and a quick ratio of 0.37. The firm has a market capitalization of $69.73 billion, a price-to-earnings ratio of 20.24 and a beta of 0.39.

Mondelez International (NASDAQ:MDLZ) last announced its quarterly earnings data on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.38% and a return on equity of 14.16%. The business had revenue of $7.30 billion during the quarter. Equities research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current year.

Mondelez International Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 14th. Shareholders of record on Wednesday, December 31st will be given a $0.50 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. Mondelez International’s dividend payout ratio (DPR) is currently 74.91%.

About Mondelez International

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 and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.