Mondelez International, Inc. - MDLZ STOCK NEWS

RITZ Bits Cracker Sandwiches (MDLZ) has launched its first new flavor in nearly a decade - Spicy Queso. This product innovation combines rich, creamy cheese flavor with a spicy kick, responding to consumer demands for bold flavors. The new flavor follows the successful launch of RITZ Toasted Chips' Sweet Habanero flavor earlier this year.

The product will be available in 3oz snack-sized bags at convenience stores starting December 2024, with 8.8oz boxes hitting major food retailers in February 2025. This launch represents RITZ's strategic expansion of its flavor portfolio, targeting consumers seeking exciting snacking options.

Mondelēz International (NASDAQ: MDLZ) announced a new $9 billion share repurchase authorization, effective January 1, 2025, through December 31, 2027. This replaces the current $6 billion authorization, which has $2.8 billion remaining and expires December 31, 2025. The Board also declared a regular quarterly dividend of $0.47 per share, payable January 14, 2025.

The company reaffirmed its capital allocation priorities, including brand reinvestment, capabilities enhancement, and bolt-on acquisitions similar to Chipita, Clif, and Ricolino. Given current market conditions, share repurchase remains a key priority, alongside the company's focus on accelerating growth in chocolate, biscuits, and baked snacks categories.

Mondelēz Global has expanded its partnership with ISN to include contractor management for 12 additional Give & Go business unit sites. ISN will help streamline contractor safety and compliance through oversight, training, compliance tracking, and performance evaluations. The company has been an ISN client since 2013, initially managing 24 sites, and has achieved an 11% decrease in incident rates over the past six years. This expansion demonstrates Mondelēz's continued commitment to maintaining operational excellence and safety standards across its growing network.

RITZ Crackers, owned by Mondelēz International (MDLZ), announces its first-ever Big Game advertisement scheduled for February 9, 2025. The brand will air a 30-second spot created by The Martin Agency, directed by Jake Szymanski, and produced by Gifted Youth and PXP. The campaign will include paid media, retail, PR, and social amplification.

This marks the second consecutive year a Mondelēz International brand will appear during the Big Game ad break. The initiative is part of the company's strategy to evolve its marketing approach and maintain competitiveness in the snacking category. Mondelēz International reported net revenues of approximately $36 billion in 2023.

Mondelēz International (Nasdaq: MDLZ) has appointed Volker Kuhn as Executive Vice President and President, Europe, effective April 1, 2025. Kuhn will replace Vinzenz Gruber, who is retiring from the company. Kuhn joins from Reckitt's hygiene business, where he drove performance improvements through innovation and consumer focus. Previously, he spent 26 years at Procter & Gamble, managing various transformations across multiple regions and led the Pringles division in Europe. His appointment aims to accelerate growth in Mondelēz's European region while strengthening consumer loyalty to the company's brands.

Chips Ahoy! announces collaboration with GRAMMY-nominated artist Big Sean at ComplexCon to launch their biggest innovation - Chips Ahoy! Big Chewy Cookie. The new cookie, over three times larger than regular Chewy cookies, comes in three flavors: Chocolatey Chip, Chocolatey Brownie, and Chocolatey Caramel.

The collaboration includes an exclusive merch collection featuring cookie-inspired designs and Big Sean's Don Life mantra. The collection will debut at ComplexCon Las Vegas on November 16, featuring items like a Don Life T-shirt, chocolate brown sweatshirt, oversized tote bag, and nostalgic lunchbox tin. Fans can win the exclusive merchandise through an online sweepstakes running from November 12-27.

TOBLERONE, a Mondelēz International brand (Nasdaq: MDLZ), announces the launch of TOBLERONE Truffles, a new premium chocolate product exclusively at Costco nationwide. Available from November 25, each elegant gold box contains over 50 individually wrapped diamond-shaped truffles, priced at $11.99. The truffles feature a milk chocolate shell with a chocolatey center and honey-almond nougat bits. The product launch is strategically timed for the holiday season, with in-store sampling and promotions planned in select markets.

Mondelēz International reported Q3 2024 results with Net Revenues up 1.9% and Organic Net Revenue growth of 5.4%. The company achieved Volume/Mix growth of 0.3% and Adjusted EPS growth of 28.6% to $0.99 on a constant currency basis. Year-to-date cash from operating activities reached $3.5 billion with Free Cash Flow of $2.5 billion. The company maintained its 2024 outlook, expecting Organic Net Revenue growth at the upper end of 3-5% and high single-digit Adjusted EPS growth. The company returned $2.9 billion to shareholders through dividends and share repurchases in the first nine months of 2024.

JAB has announced two significant transactions involving JDE Peet's (EURONEXT: JDEP) shares. Firstly, JAB is acquiring Mondelez's (Nasdaq: MDLZ) entire stake of 86 million shares in JDE Peet's at €25.10 per share. Secondly, JAB has distributed 43 million JDE Peet's shares, representing 9% of the total issued and outstanding share capital, to over 70 partners of JAB Consumer Partners (JCP).

These moves have increased JDE Peet's free float to 32%, making it a more widely held company. Following these transactions, JAB's stake in JDE Peet's will increase to 68%. JAB's Managing Partner, Joachim Creus, expressed strong conviction in the global coffee sector and JDE Peet's long-term value creation prospects, affirming JAB's commitment as an anchor shareholder.