Why Are People Selling Their MDLZ Shares?

This afternoon we watched Mondelez International drop -1.6% to a price of $67.42 per share. The Large-Cap Packaged Foods company is now trading -17.74% below its average target price of $81.96. Analysts have set target prices ranging from $75.0 to $90.0 per share for Mondelez International, and have given the stock an average rating of buy.

The stock has a very low short interest at 1.0%, and a short ratio of 1.63. 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 84.0% of Mondelez International's shares being owned by this investor type.

Institutions Invested in Mondelez International

Date Reported Holder Percentage Shares Value
2024-03-31 Vanguard Group Inc 10% 130,765,846 $8,816,233,097
2024-03-31 Blackrock Inc. 7% 96,986,373 $6,538,821,090
2024-03-31 State Street Corporation 4% 57,859,701 $3,900,900,935
2024-03-31 JP Morgan Chase & Company 4% 53,153,860 $3,583,633,143
2024-03-31 Capital Research Global Investors 2% 32,497,024 $2,190,949,298
2024-03-31 Price (T.Rowe) Associates Inc 2% 29,558,876 $1,992,859,365
2024-03-31 Geode Capital Management, LLC 2% 27,518,617 $1,855,305,107
2024-03-31 Bank of America Corporation 2% 25,537,991 $1,721,771,306
2024-03-31 FMR, LLC 2% 25,143,189 $1,695,153,756
2024-03-31 Morgan Stanley 2% 21,955,965 $1,480,271,120

Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Mondelez International.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.