Mondelez International stock is trading -24.03% below its average target price of $82.67 after dropping -1.3% during today's afternoon session. Analysts are giving the large-cap Packaged Foods company an average rating of buy and target prices ranging from $75.0 to $89.0 per share.
The stock has a very low short interest at 0.9%, and a short ratio of 2.06. The company's insiders own 0.17% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 81.7% of Mondelez International's shares being owned by this investor type.
Institutions Invested in Mondelez International
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-06-30 | Vanguard Group Inc | 9% | 123,687,658 | $7,768,203,398 |
| 2023-06-30 | Blackrock Inc. | 7% | 100,338,497 | $6,301,759,334 |
| 2023-06-30 | State Street Corporation | 4% | 59,520,732 | $3,738,199,591 |
| 2023-06-30 | FMR, LLC | 2% | 31,135,680 | $1,955,476,391 |
| 2023-06-30 | JP Morgan Chase & Company | 2% | 30,828,280 | $1,936,170,134 |
| 2023-06-30 | Price (T.Rowe) Associates Inc | 2% | 30,805,933 | $1,934,766,631 |
| 2023-06-30 | Geode Capital Management, LLC | 2% | 25,791,257 | $1,619,819,903 |
| 2023-06-30 | Bank of America Corporation | 2% | 23,215,623 | $1,458,057,209 |
| 2023-06-30 | Morgan Stanley | 2% | 23,205,364 | $1,457,412,893 |
| 2023-06-30 | Lindsell Train Limited | 1% | 18,267,898 | $1,147,315,339 |
Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Mondelez International.
