Mondelez International Target of Unusually High Options Trading (MDLZ)
Mondelez International (NASDAQ:MDLZ) saw some unusual options trading activity on Friday. Traders acquired 10,547 call options on the stock, American Banking & Market News reports. This represents an increase of approximately 194% compared to the typical volume of 3,590 call options.
A number of research firms have recently commented on MDLZ. Analysts at Credit Suisse raised their price target on shares of Mondelez International from $34.00 to $36.00 in a research note to investors on Wednesday, September 18th. They now have an “outperform” rating on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Mondelez International in a research note to investors on Tuesday, September 17th. They now have a $34.00 price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Mondelez International from $35.00 to $38.00 in a research note to investors on Tuesday, September 17th. They now have an “overweight” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the stock. Mondelez International currently has a consensus rating of “Hold” and a consensus price target of $37.45.
Mondelez International (NASDAQ:MDLZ) opened at 30.86 on Monday. Mondelez International has a one year low of $24.50 and a one year high of $33.08. The stock has a 50-day moving average of $31.26 and a 200-day moving average of $30.65. The company has a market cap of $54.951 billion and a price-to-earnings ratio of 23.40.
Mondelez International (NASDAQ:MDLZ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.02. The company had revenue of $8.60 billion for the quarter, compared to the consensus estimate of $8.64 billion. The company’s quarterly revenue was up .8% on a year-over-year basis.
Mondelez International, Inc (NASDAQ:MDLZ), is a snack manufacturing company.
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