Shares of Mondelez International Inc. (NASDAQ:MDLZ) traded at a new 12-month high today of $67.23. Approximately 652,000 shares have changed hands today, as compared to an average 30-day volume of 7 million shares.
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.
Based on a current price of $67.23, Mondelez International Inc. is currently 21.8% above its average consensus analyst price target of $52.58.
In the past 12 months, Mondelez International Inc. share prices are bracketed by a low of $52.91 and a high of $67.23 and are now at $67.23, 27% above that low price.
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