Catalyst Capital Advisors LLC Boosts Stake in Mondelez International, Inc. (NASDAQ:MDLZ)

Catalyst Capital Advisors LLC grew its stake in Mondelez International, Inc. (NASDAQ:MDLZ) by 174.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,568 shares of the company’s stock after acquiring an additional 2,266 shares during the quarter. Catalyst Capital Advisors LLC’s holdings in Mondelez International were worth $263,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in MDLZ. Duality Advisers LP purchased a new position in Mondelez International in the first quarter valued at about $4,528,000. BDF Gestion bought a new position in shares of Mondelez International during the 2nd quarter worth approximately $6,690,000. M&G Plc purchased a new stake in Mondelez International during the first quarter valued at approximately $12,010,000. Advisory Services Network LLC boosted its stake in Mondelez International by 35.3% in the first quarter. Advisory Services Network LLC now owns 60,401 shares of the company’s stock valued at $4,228,000 after acquiring an additional 15,746 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Mondelez International by 15.8% in the first quarter. Sei Investments Co. now owns 802,791 shares of the company’s stock worth $56,195,000 after purchasing an additional 109,457 shares during the last quarter. 78.32% of the stock is owned by institutional investors.

Mondelez International Stock Up 1.0 %

Shares of MDLZ opened at $69.05 on Wednesday. The company has a market capitalization of $92.24 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 2.94 and a beta of 0.55. Mondelez International, Inc. has a 52 week low of $64.18 and a 52 week high of $77.20. The stock’s 50-day moving average price is $72.24 and its 200-day moving average price is $69.82. The company has a quick ratio of 0.42, a current ratio of 0.63 and a debt-to-equity ratio of 0.59.

Mondelez International (NASDAQ:MDLZ) last released its quarterly earnings data on Tuesday, October 29th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.85 by $0.14. The business had revenue of $9.20 billion for the quarter, compared to analyst estimates of $9.11 billion. Mondelez International had a return on equity of 17.53% and a net margin of 10.58%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.82 EPS. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.49 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on MDLZ shares. Deutsche Bank Aktiengesellschaft dropped their target price on Mondelez International from $78.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Wells Fargo & Company cut their price objective on shares of Mondelez International from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Wednesday, October 30th. Bank of America increased their price objective on shares of Mondelez International from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Stifel Nicolaus boosted their target price on shares of Mondelez International from $75.00 to $82.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Piper Sandler lifted their price objective on shares of Mondelez International from $74.00 to $84.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.31.

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.