Mondelez International (MDLZ) : The highest level Mondelez International (MDLZ) is projected to reach is $60 for the short term and the lowest estimate is at $44. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $49.2 and the possibility the share price can swing is $4.47.
Mondelez International (MDLZ) has shown a drop of 20.3% or 2,482,406 shares in the short positions. The bets have increased to 9,771,027 shares on June 30,2016 from 12,253,433 shares on June 15,2016. With respect to the floated shares, the shorts are 0.6%. The days to cover are calculated to be 1, using the standard per day volume of 11,871,456 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Mondelez International (NASDAQ:MDLZ): stock turned positive on Thursday. Though the stock opened at $45.82, the bulls momentum made the stock top out at $46.01 level for the day. The stock recorded a low of $45.5 and closed the trading day at $45.68, in the green by 0.18%. The total traded volume for the day was 6,900,463. The stock had closed at $45.6 in the previous days trading.
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.