Mondelez International Inc. (NASDAQ:MDLZ) traded today at a new 52-week high of $64.96. So far today approximately 602,000 shares have been exchanged, as compared to an average 30-day volume of 6 million shares.
Over the past year, Mondelez International Inc. has traded in a range of $52.51 to $64.96 and is now at $63.73, 21% above that low.
Mondelez has operated as an independent organization following 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 $63.73, Mondelez International Inc. is currently 5.8% above its average consensus analyst price target of $60.02.
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