This afternoon we watched Mondelez International drop -1.0% to a price of $69.58 per share. The Large-Cap Packaged Foods company is now trading -11.22% below its average target price of $78.37. Analysts have set target prices ranging from $72.0 to $88.0 per share for Mondelez International, and have given the stock an average rating of buy.
Mondelez International's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 1.1%. The stock's short ratio is 2.05. The company's insiders own 0.17% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 83.4%. In conclusion, we believe there is mixed market sentiment regarding Mondelez International.
Institutions Invested in Mondelez International
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-03-31 | Vanguard Group Inc | 10% | 130,765,846 | $9,098,687,804 |
| 2024-03-31 | Blackrock Inc. | 7% | 96,986,373 | $6,748,312,010 |
| 2024-03-31 | State Street Corporation | 4% | 57,859,701 | $4,025,878,101 |
| 2024-03-31 | JP Morgan Chase & Company | 4% | 53,153,860 | $3,698,445,676 |
| 2024-03-31 | Capital Research Global Investors | 2% | 32,497,024 | $2,261,142,989 |
| 2024-03-31 | Price (T.Rowe) Associates Inc | 2% | 29,558,876 | $2,056,706,646 |
| 2024-03-31 | Geode Capital Management, LLC | 2% | 27,518,617 | $1,914,745,421 |
| 2024-03-31 | Bank of America Corporation | 2% | 25,537,991 | $1,776,933,460 |
| 2024-03-31 | FMR, LLC | 2% | 25,143,189 | $1,749,463,136 |
| 2024-03-31 | Morgan Stanley | 2% | 21,955,965 | $1,527,696,084 |
