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) highlighted its growth strategy for the AMEA region at the 2022 CAGNY Conference. The company emphasized its #1 position in packaged snacks, attributing success to a focused reinvestment strategy that has driven volume-based revenue growth. In 2021, net revenues reached approximately $29 billion, with 90% of AMEA revenue coming from focus brands like Oreo and Cadbury Dairy Milk. The company plans to enhance brand penetration and expand its portfolio, particularly in chocolate and biscuits, aiming for sustainable growth and increased shareholder value.
Orange Business Services is transforming Mondelēz International by implementing a global, all-digital communications platform powered by Microsoft Teams. This transformation will unify operations related to brands like Oreo and Cadbury across 80 countries and 80,000 employees. The collaboration aims for enhanced communication, cost optimization, and a simplified IT ecosystem. The project is expected to be completed by the end of 2022, enabling Mondelēz to better navigate global supply chain challenges while leveraging advanced analytics and AI for improved customer experiences.
Mondelēz International (Nasdaq: MDLZ) will present at the Consumer Analyst Group of New York (CAGNY) Conference on February 22, 2022, at 3:00 p.m. ET. Key executives, including Dirk Van de Put and Maurizio Brusadelli, will share insights on the company's performance and future outlook. A listen-only webcast will be available on www.mondelezinternational.com, with a replay offered afterwards. In 2021, MDLZ reported net revenues of approximately $29 billion, marking its leadership in the global snacking industry with famous brands like Oreo and Cadbury.
Mondelēz International (Nasdaq: MDLZ) has appointed Gustavo Valle as Executive Vice President and President of North America, effective March 1, 2022. Valle, with over 30 years of experience, previously led the Latin America division, driving significant growth. He will manage the $8.3 billion North American business, which includes major brands like Oreo and Triscuit. Valle succeeds Glen Walter, who departs for another opportunity. Valle's track record includes substantial share gains and revenue growth in the dairy sector during his tenure at Danone.
The Board of Directors of Mondelēz International (Nasdaq: MDLZ) has announced a regular quarterly dividend of $0.35 per share of Class A common stock. This dividend will be paid on April 14, 2022, to shareholders on record as of March 31, 2022. In 2021, the company reported net revenues of approximately $29 billion, highlighting its strong market position in over 150 countries with popular brands such as OREO, Cadbury, and Trident.
Mondelēz International (MDLZ) reported a strong performance in 2021, with net revenues rising by 8.0% to $28.72 billion, driven by 5.2% organic growth, favorable currency, and acquisitions. Diluted EPS increased by 23.1% to $3.04. Fourth quarter results showed a 4.9% revenue increase, but diluted EPS fell 11.3% to $0.71. The company returned $3.9 billion to shareholders over the year. For 2022, MDLZ anticipates 3+% organic revenue growth and high single-digit adjusted EPS growth, despite expecting a 2.5%% currency translation impact.
Mondelēz International released its third annual State of Snacking report, revealing that 64% of consumers prefer snacking over traditional meals, marking a 5% increase since 2019. The report highlights a growing trend towards mindfulness and well-being in snacking decisions. Key findings include that 85% of consumers snack daily for indulgence, and 86% value control over their choices. The survey also indicates that consumers increasingly seek snacks aligned with their values, with 78% focusing on low waste packaging. The insights aim to inform Mondelēz's strategy in becoming a leader in the snacking market.
Mondelēz International (Nasdaq: MDLZ) plans to release its fourth quarter 2021 financial results on January 27, 2022, at 4:05 p.m. ET, followed by a conference call at 5:00 p.m. ET. Interested parties can join the call by dialing in or via a listen-only webcast available on the company’s website. A replay of the call will be accessible until February 3, 2022. The company reported net revenues of approximately $27 billion for 2020 and operates in over 150 countries, featuring brands like OREO and Cadbury Dairy Milk.
Mondelēz International (Nasdaq: MDLZ) has completed the acquisition of Chipita Global S.A., a leader in the Central and Eastern European baked snacks market. This acquisition marks a significant milestone in Mondelēz's strategy to enhance its growth in the $65 billion global packaged baked snacks sector. Chipita, established over 40 years ago, serves two billion consumers in over 50 countries, bringing a strong portfolio, including beloved brands like 7Days. The integration aims to leverage Chipita’s distribution network and innovation capabilities, reinforcing Mondelēz’s position in fast-growing European markets.
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