This afternoon we watched Mondelez International drop -1.7% to a price of $75.03 per share. The large-cap Packaged Foods company is now trading -8.75% below its average target price of $82.23. Analysts have set target prices ranging from $78.0 to $89.0 per share for Mondelez International, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.1%, and a short ratio of 2.64. The company's insiders own 0.16% 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 81.8% of Mondelez International's shares being owned by this investor type.
Institutions Invested in Mondelez International
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 123,769,794 | $9,287,066,946 |
| 2023-09-30 | Blackrock Inc. | 7% | 101,558,119 | $7,620,413,831 |
| 2023-09-30 | State Street Corporation | 4% | 58,506,762 | $4,390,055,100 |
| 2023-09-30 | JP Morgan Chase & Company | 3% | 35,350,082 | $2,652,493,532 |
| 2023-09-30 | Price (T.Rowe) Associates Inc | 3% | 34,719,904 | $2,605,208,123 |
| 2023-09-30 | FMR, LLC | 2% | 29,283,025 | $2,197,251,888 |
| 2023-09-30 | Geode Capital Management, LLC | 2% | 26,254,917 | $1,970,037,793 |
| 2023-09-30 | Capital Research Global Investors | 2% | 23,864,073 | $1,790,640,804 |
| 2023-09-30 | Bank of America Corporation | 2% | 23,721,946 | $1,779,976,304 |
| 2023-09-30 | Morgan Stanley | 2% | 21,625,761 | $1,622,689,055 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Mondelez International.
