Catalyst Capital Advisors LLC Has $268,000 Holdings in Mondelez International, Inc. $MDLZ

Catalyst Capital Advisors LLC raised its position in Mondelez International, Inc. (NASDAQ:MDLZ) by 289.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,972 shares of the company’s stock after buying an additional 2,951 shares during the period. Catalyst Capital Advisors LLC’s holdings in Mondelez International were worth $268,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MDLZ. Abound Financial LLC acquired a new position in shares of Mondelez International during the first quarter worth approximately $25,000. Goodman Advisory Group LLC acquired a new position in shares of Mondelez International during the first quarter worth approximately $26,000. North Capital Inc. acquired a new position in shares of Mondelez International during the first quarter worth approximately $31,000. Financial Connections Group Inc. acquired a new position in shares of Mondelez International during the second quarter worth approximately $33,000. Finally, Saudi Central Bank acquired a new position in shares of Mondelez International during the first quarter worth approximately $36,000. 78.32% of the stock is currently owned by institutional investors and hedge funds.

Mondelez International Stock Down 0.4%

Shares of NASDAQ:MDLZ opened at $60.77 on Friday. Mondelez International, Inc. has a 52 week low of $53.95 and a 52 week high of $71.15. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.39 and a current ratio of 0.64. The company has a market capitalization of $78.63 billion, a PE ratio of 22.26, a PEG ratio of 5.46 and a beta of 0.45. The company has a 50 day moving average price of $62.22 and a two-hundred day moving average price of $65.11.

Mondelez International (NASDAQ:MDLZ) last issued its earnings results on Tuesday, April 11th. The company reported $0.66 EPS for the quarter. Mondelez International had a net margin of 9.84% and a return on equity of 15.35%. The firm had revenue of $7.30 billion during the quarter. Analysts forecast that Mondelez International, Inc. will post 2.9 earnings per share for the current year.

Mondelez International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 14th. Shareholders of record on Tuesday, September 30th were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This is a boost from Mondelez International’s previous quarterly dividend of $0.47. This represents a $2.00 annualized dividend and a yield of 3.3%. Mondelez International’s payout ratio is currently 73.26%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MDLZ shares. UBS Group reduced their target price on shares of Mondelez International from $69.00 to $65.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their target price on shares of Mondelez International from $75.00 to $74.00 and set an “overweight” rating on the stock in a research report on Friday, October 17th. Barclays boosted their price target on shares of Mondelez International from $74.00 to $77.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Evercore ISI dropped their price target on shares of Mondelez International from $73.00 to $72.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Mondelez International in a research note on Tuesday, October 14th. Twelve investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.22.

Mondelez International Company 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.