Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded at a new 12-month high today of $68.17. So far today approximately 652,000 shares have been exchanged, as compared to an average 30-day volume of 7.1 million shares.
Over the past year, Mondelez International Inc. has traded in a range of $52.91 to $68.17 and is now at $67.94, 28% above that low.
Mondelez has operated as an independent organization since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack arena with a presence in the biscuit (48% of sales), chocolate (31%), gum/candy (10%), beverage (4%), and cheese and grocery (7%) aisles. Mondelez’s portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, Trident, and Cadbury, among others. The firm derives around one third of revenue from developing markets, nearly 40% from Europe, and the remainder from North America.
Mondelez International Inc. defies analysts with a current price ($67.94) 21.5% above its average consensus price target of $53.32.
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