This afternoon we watched Mondelez International rise 1.3% to a price of $69.02 per share. The Large-Cap Packaged Foods company is now trading -11.17% below its average target price of $77.69. Analysts have set target prices ranging from $69.37 to $84.37 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 1.97. 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 83.7% of Mondelez International's shares being owned by this investor type.
Institutions Invested in Mondelez International
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-12-31 | Vanguard Group Inc | 9% | 124,068,949 | $8,562,618,439 |
| 2023-12-31 | Blackrock Inc. | 7% | 99,061,356 | $6,836,719,423 |
| 2023-12-31 | State Street Corporation | 4% | 58,599,222 | $4,044,225,270 |
| 2023-12-31 | Price (T.Rowe) Associates Inc | 3% | 36,406,133 | $2,512,569,246 |
| 2023-12-31 | JP Morgan Chase & Company | 3% | 36,379,218 | $2,510,711,708 |
| 2023-12-31 | Capital Research Global Investors | 2% | 30,291,001 | $2,090,533,415 |
| 2023-12-31 | FMR, LLC | 2% | 29,966,322 | $2,068,125,694 |
| 2023-12-31 | Geode Capital Management, LLC | 2% | 26,734,251 | $1,845,064,316 |
| 2023-12-31 | Bank of America Corporation | 2% | 24,007,738 | $1,656,894,023 |
| 2023-12-31 | Morgan Stanley | 2% | 21,870,945 | $1,509,423,255 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Mondelez International.
