Today Reuters is reporting: "Mondelez to sell gum business in developed markets" For full coverage click here. Shares of the large-cap Consumer Defensive company have not moved much on the news as of the afternoon trading session, and are currently trading at $66.19.
Mondelez International, Inc., through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. The company belongs to the Consumer Defensive sector, which has an average price to earnings (P/E) ratio of 24.21 and an average price to book (P/B) ratio of 4.09. In contrast, Mondelez International has a trailing 12 month P/E ratio of 29.4 and a P/B ratio of 3.4.
Mondelez International has moved 2.1% over the last year compared to -15.7% for the S&P 500 -- a difference of 17.8%. Mondelez International has a 52 week high of $69.47 and a 52 week low of $54.72. At today's price of $66.19 per share, Mondelez International is -8.66% away from its target price of $72.46, and on average, analysts give the stock a rating of buy. 0.8% of the company's shares are linked to short positions, and 80.1% of the shares are owned by institutional investors.