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.
