Mondelez International stock is trading -12.05% below its average target price of $79.67 after marking a 1.1% during today's afternoon session. Analysts are giving the large-cap Packaged Foods company an average rating of buy and target prices ranging from $69.0 to $89.0 per share.
The stock has a very low short interest at 1.0%, and a short ratio of 1.77. 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
|2023-06-30||Vanguard Group Inc||9%||123,687,658||$8,666,794,158|
|2023-06-30||State Street Corporation||4%||59,520,732||$4,170,617,673|
|2023-06-30||JP Morgan Chase & Company||2%||30,828,280||$2,160,137,570|
|2023-06-30||Price (T.Rowe) Associates Inc||2%||30,805,933||$2,158,571,715|
|2023-09-30||Geode Capital Management, LLC||2%||26,254,917||$1,839,682,026|
|2023-09-30||Capital Research Global Investors||2%||23,864,073||$1,672,155,587|
|2023-06-30||Bank of America Corporation||2%||23,215,623||$1,626,718,696|
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Mondelez International.