Price Target Update on Mondelez International (NASDAQ:MDLZ)

Mondelez International (NASDAQ:MDLZ) : 10 investment research analysts covering Mondelez International (NASDAQ:MDLZ) have an average price target of $49.2 for the near short term. The highest target price given by the Brokerage Firm to the stock is $60 and the lowest target is $44 for the short term. Analysts expect the variance to be within $4.47 of the average price.

Other Equity analysts have also commented on the company shares. UBS initiates coverage on Mondelez International (NASDAQ:MDLZ) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $47 per share. The rating by the firm was issued on February 24, 2016.

Mondelez International (NASDAQ:MDLZ): stock turned positive on Thursday. Though the stock opened at $44.67, the bulls momentum made the stock top out at $44.86 level for the day. The stock recorded a low of $44.435 and closed the trading day at $44.85, in the green by 1.52%. The total traded volume for the day was 5,519,040. The stock had closed at $44.18 in the previous days trading.

The company shares have rallied 7.55% from its 1 Year high price. On Aug 6, 2015, the shares registered one year high at $48.58 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $44.32 and the 200 Day Moving Average price is recorded at $42.43. On the companys insider trading activities, Booth Lewis W K, director of Mondelez International, Inc. had purchased 5,430 shares on February 17, 2016 in a transaction. The price per share was $39.37 and the total amount of the disclosed transaction was $213,779.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Mondelez International, Inc. is a snack food and beverage company. The Company manufactures and markets snack food and beverage products for consumers in approximately 165 countries around the world. The Company offers its brands in five product categories: biscuits (including cookies, crackers and salted snacks); chocolate; gum and candy; beverages (including coffee and powdered beverages), and cheese and grocery. It has a portfolio of around 58 brands, which include nine billion dollar brands: LU, Nabisco and Oreo biscuits; Cadbury, Cadbury Dairy Milk and Milka chocolates; Trident gum, and Jacobs coffee and Tang powdered beverages. It has operations in Latin America, Asia Pacific, Eastern Europe, Middle East, and Africa (EEMEA), Europe and North America. The Companys products are sold to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores and other retail food outlets.

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