Boothbay Fund Management LLC Increases Position in Mondelez International, Inc. $MDLZ

Key Points

• Boothbay Fund Management LLC increased its holdings in Mondelez International by 37.8% in Q1, acquiring 43,479 additional shares for a total of 158,616 shares, valued at approximately $10.76 million.
• Mondelez International's latest earnings report indicated earnings of $0.73 per share, surpassing analyst expectations, with a year-over-year revenue increase of 7.7% to $8.98 billion.
• The company recently raised its quarterly dividend from $0.47 to $0.50, representing a 3.3% yield, with the ex-dividend date set for September 30th.

Boothbay Fund Management LLC grew its holdings in Mondelez International, Inc. (NASDAQ:MDLZ - Free Report) by 37.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 158,616 shares of the company's stock after acquiring an additional 43,479 shares during the period. Boothbay Fund Management LLC's holdings in Mondelez International were worth $10,762,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of MDLZ. Brighton Jones LLC grew its stake in shares of Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company's stock worth $874,000 after acquiring an additional 7,025 shares in the last quarter. Bank Pictet & Cie Europe AG grew its stake in shares of Mondelez International by 1.1% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 334,994 shares of the company's stock worth $20,009,000 after acquiring an additional 3,706 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Mondelez International by 1.1% during the 4th quarter. Brown Advisory Inc. now owns 197,805 shares of the company's stock worth $11,815,000 after purchasing an additional 2,217 shares during the last quarter. Cary Street Partners Financial LLC purchased a new stake in shares of Mondelez International during the 4th quarter worth $1,078,000. Finally, Captrust Financial Advisors lifted its position in shares of Mondelez International by 0.4% during the 4th quarter. Captrust Financial Advisors now owns 179,458 shares of the company's stock worth $10,719,000 after purchasing an additional 713 shares during the last quarter. Institutional investors and hedge funds own 78.32% of the company's stock.

Mondelez International Stock Performance

MDLZ traded up $0.84 on Friday, reaching $61.74. The company had a trading volume of 6,149,476 shares, compared to its average volume of 6,654,479. Mondelez International, Inc. has a 1 year low of $53.95 and a 1 year high of $76.06. The stock has a market capitalization of $79.89 billion, a PE ratio of 22.62, a P/E/G ratio of 4.67 and a beta of 0.44. The company has a quick ratio of 0.39, a current ratio of 0.64 and a debt-to-equity ratio of 0.69. The stock has a 50-day moving average price of $65.16 and a 200-day moving average price of $65.91.

Mondelez International (NASDAQ:MDLZ - Get Free Report) last announced its earnings results on Tuesday, July 29th. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The business had revenue of $8.98 billion during the quarter, compared to analysts' expectations of $8.82 billion. During the same period in the prior year, the company earned $0.86 earnings per share. The business's revenue was up 7.7% compared to the same quarter last year. Mondelez International has set its FY 2025 guidance at 3.100-3.100 EPS. As a group, research analysts forecast that Mondelez International, Inc. will post 2.9 EPS for the current fiscal year.

Mondelez International Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 14th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. This is a positive change from Mondelez International's previous quarterly dividend of $0.47. The ex-dividend date is Tuesday, September 30th. Mondelez International's dividend payout ratio (DPR) is presently 68.86%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Piper Sandler lifted their price objective on shares of Mondelez International from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Wells Fargo & Company raised shares of Mondelez International from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $68.00 to $78.00 in a research report on Friday, June 20th. Dbs Bank raised shares of Mondelez International from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 1st. Jefferies Financial Group raised shares of Mondelez International from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $66.00 to $78.00 in a research report on Thursday, July 17th. Finally, Barclays lifted their price objective on shares of Mondelez International from $74.00 to $77.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $72.00.

Mondelez International Profile

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.