Welcome to our dedicated page for Mondelez International news (Ticker: MDLZ), a resource for investors and traders seeking the latest updates and insights on Mondelez International stock.
Mondelez International, Inc. (Nasdaq: MDLZ) is an American multinational leader in the confectionery, food, and beverage industry, headquartered in Chicago. Since its inception following the split from Kraft Foods North American grocery business in October 2012, Mondelez has established itself as a key player in the global snack food market.
The company generates annual revenues of approximately $26 billion and operates in around 160 countries. Mondelez's diverse product portfolio includes some of the world’s most beloved brands such as Oreo, Chips Ahoy, Halls, and Cadbury. As of the end of fiscal 2023, its business segments are divided into biscuits (49% of sales), chocolate (30%), gum/candy (12%), beverages (3%), and cheese and grocery items (6%). The geographical revenue distribution is also extensive, with over a third coming from developing markets, just more than a third from Europe, and the rest from North America.
In recent developments, Mondelez has joined the Hedera Council, focusing on pioneering distributed ledger technology (DLT) solutions to innovate digital transformation in supply chain management and enhance business processes. They are exploring projects like the SKUx digital payment system to offer real-time consumer offers and improve customer experiences.
Mondelez continues to engage in significant corporate social responsibility initiatives. Notably, the Sour Patch Kids brand has launched the 'Mischief for Change' scholarship program in partnership with the Thurgood Marshall College Fund, which supports students at Historically Black Colleges and Universities (HBCUs).
The company is also proactive in its marketing and community engagement efforts, as demonstrated by the recent 'The Art of (Re)Play' campaign by Oreo in Shanghai. This initiative blends artistic expressions inspired by traditional Chinese culture with modern elements to foster community interaction and promote well-being.
Financially, Mondelez posted robust earnings and free cash flow in the first quarter of 2024, credited to strong pricing execution and effective cost management. Their outlook for 2024 includes a projected organic net revenue growth of 3-5% and high single-digit adjusted EPS growth.
Mondelez’s commitment to sustainable practices is reflected in its progress toward environmental, social, and governance (ESG) goals. The company continues to invest in renewable energy, regenerative agricultural practices, and aims to achieve net-zero carbon emissions by 2050.
With a strong global presence and a focus on innovation and sustainability, Mondelez International is poised to continue leading the snack food industry, driving growth, and creating value for its stakeholders.
Mondelēz International (Nasdaq: MDLZ) has announced the sale of its developed-market gum business in the U.S., Canada, and Europe to Perfetti Van Melle Group for $1.35 billion, equivalent to 15 times the estimated current year EBITDA. This divestiture aligns with Mondelēz’s strategic plan to focus on growth areas like chocolate, biscuits, and baked snacks. The transaction is expected to close in Q4 2023 and includes well-known gum brands such as Trident and Dentyne. The company aims to increase its revenue from core snacking categories to 90% by 2030.
Mondelēz International (Nasdaq: MDLZ) announced the appointment of Ann Mukherjee to its Board of Directors, effective January 1, 2023. Mukherjee, previously Chairwoman and CEO of Pernod Ricard North America, brings extensive experience in consumer packaged goods, including senior roles at S.C. Johnson and PepsiCo. Her expertise in consumer insights, brand innovation, and commercial execution is expected to support Mondelēz's Vision 2030 strategy, aiming to strengthen its position as a leader in global snacking.
The Board of Directors of Mondelēz International (Nasdaq: MDLZ) declared a quarterly dividend of $0.385 per share of Class A common stock. This dividend will be paid on January 13, 2023, to shareholders of record by the close of business on December 30, 2022. With 2021 net revenues of approximately $29 billion, Mondelēz continues to lead in the global snacking market with popular brands such as Oreo, Cadbury, and Trident. The company is part of major indices including the S&P 500 and Dow Jones Sustainability Index.
Chips Ahoy! has announced a new cookie flavor, Chewy Confetti Cake Cookies, to celebrate its 60th birthday, launching nationwide in January. This new flavor features confetti cake taste with colorful sprinkles, aiming to appeal to Gen-Z consumers. The cookies are set to retail for $4.99 in family-size packages. With a focus on bringing joy and new sensory experiences, the brand intends to engage customers with this innovative product while maintaining its traditional cookie quality.
Mondelēz International reported a 8.1% increase in net revenues and 12.1% organic net revenue growth for Q3 2022. Despite a 56.2% decline in diluted EPS to $0.39, adjusted EPS rose 15.7% to $0.74 on a constant currency basis. Year-to-date cash flow decreased to $2.5 billion. The company raised its organic revenue growth outlook to 10% and closed key acquisitions, including Clif Bar. Operating income fell 47.5% to $679 million, attributed to increased costs and integration expenses. The firm plans to invest $1 billion in its Cocoa Life program by 2030.
OREO has unveiled a short film titled "Return to Pawfice" aimed at providing a light-hearted break for adults, particularly in the context of post-Halloween work routines. The film, released on November 1, 2022, features eight playful dogs taking over the OREO office in East Hanover, New Jersey. This initiative is part of a collaboration with Microsoft 365 to promote the THINVITE program, offering snack breaks for employees. Fans can view the 15-minute video on platforms like YouTube and participate in the THINVITE events scheduled for November 2 and 3.
Mondelēz International (Nasdaq: MDLZ) has announced the next phase of its Cocoa Life program, committing an additional $600 million by 2030, bringing total investment to $1 billion since its inception. The initiative aims to work with approximately 300,000 cocoa farmers and enhance sustainability efforts, addressing environmental and human rights challenges. Notably, net incomes for farmers in Ghana and Côte d’Ivoire have risen significantly. Cocoa Life's integrated approach tackles productivity, child labor, and deforestation, with sustainability now a core pillar of Mondelēz's growth strategy.
RITZ, in collaboration with Chef Marcus Samuelsson, launched the "Friendsgiving Chef Service" Sweepstakes, allowing one winner to host a Friendsgiving for 10 with a gourmet meal prepared by Samuelsson at his NYC restaurant, Hav & Mar. This initiative is part of RITZ's holiday campaign, "Our Holidays," celebrating diverse traditions and cuisines. Meal kits inspired by the campaign will be available via Goldbelly. The campaign features a national TV ad and a limited-edition cookbook, co-created with Bon Appétit, highlighting immigrant family recipes. Entries for the sweepstakes are open until November 1.
Mondelēz International (Nasdaq: MDLZ) is set to release its Q3 2022 financial results on November 1, 2022, at 4:05 p.m. ET. A conference call will follow at 5:00 p.m. ET, accessible via phone or a live webcast. Investors are encouraged to dial in 10 minutes early for the call. A replay will be available until November 8, 2022. In 2021, Mondelēz reported net revenues of approximately $29 billion, showcasing its global presence in the snack industry with popular brands like Oreo and Cadbury. The company is also a member of major stock indices.
FAQ
What is the current stock price of Mondelez International (MDLZ)?
What is the market cap of Mondelez International (MDLZ)?
What is Mondelez International?
When did Mondelez International become an independent company?
What are some key brands owned by Mondelez International?
What is Mondelez's annual revenue?
In how many countries does Mondelez operate?
What is Mondelez's involvement with the Hedera Council?
What is the 'Mischief for Change' scholarship?
How did Mondelez perform financially in the first quarter of 2024?
What are Mondelez's sustainability goals?
What is the 'The Art of (Re)Play' campaign by Oreo?
