Mondelez, a multinational confectionery, beverage and snack food company added nearly 3.5% in early November to its double-digit bounce lasting over the past three week. The company's production line-ups include billion-dollar components like Belvita and Oreo cookies, Barny bears, as well as popular chocolate brands Milka, Côte d'Or, Toblerone, Cadbury, Alpen Gold.

The stock's current market price is little below $70 per share, while its 50-day moving average is about $68, and a 200-day moving average approaching $70.5. Mondelez Q3 results exceeded consensus expectations, being very close to all-time record numbers in both earnings and revenues. The company also raised its full-year guidance.

The company's management foresees organic net revenue growth of 14-15%, compared to its own previous projection of just over 12%, combined with a 16% growth in adjusted earnings per share (EPS) on a constant-currency basis, which was also higher than its earlier 12% forecast. Q3 earnings already rose 16.7% YoY to $0.82 per share vs $0.79 of average expert estimates and $0.76 in Q2, on quarterly revenue, which was above $9 billion for the second time in the corporate history of Mondelez. The recent acquisitions of Clif Bar and Ricolino brands may also help to raise the holding's market value.

All this allows to bet for some further increase in the stock's prices, with a short-term target range of $73 to $75. The consensus target price for MDLZ stock by Wall Street is at $79.31 to indicate a 16.5% upside potential.