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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.
The Board of Directors of Mondelēz International (Nasdaq: MDLZ) has declared a quarterly dividend of $0.35 per share of Class A common stock. This dividend will be paid on January 14, 2022, to shareholders of record as of the close of business on December 31, 2021.
Mondelēz reported 2020 net revenues of approximately $27 billion and is recognized for brands like OREO, Cadbury, and Sour Patch Kids. The company is part of the S&P 500 and the Dow Jones Sustainability Index.
On December 9, 2021, TRISCUIT, in collaboration with the Partnership for a Healthier America (PHA), announced an initiative to provide 600,000 servings of fresh produce to 1,000 food-insecure families in Washington D.C.'s Ward 8 over 12 weeks. This program, part of PHA's Good Food for All initiative, aims to improve food access in areas with limited options. Families will receive weekly deliveries of high-quality fruits and vegetables along with recipes and TRISCUIT crackers. Since its launch in 2020, Good Food for All has provided over 15 million servings nationwide.
Mondelēz International (Nasdaq: MDLZ) announced the appointment of Ertharin Cousin to its Board of Directors, effective January 1, 2022. Cousin, who is the Founder, President, and CEO of the Food Systems of the Future Institute, brings over 30 years of experience in the food industry. Her previous roles include Executive Director of the United Nations World Food Programme and Senior Vice President at Albertsons Companies. This appointment expands the Board to 13 members, aiming to enhance the company's expertise in food policy and sustainability as it advances its ESG priorities.
Mondelēz International (Nasdaq: MDLZ) announced a significant investment in the Circulate Capital Ocean Fund (CCOF) aimed at enhancing global recycling efforts for plastics, particularly flexible films. This investment, part of Mondelēz's Sustainable Futures platform, focuses on developing infrastructure for plastic waste management across India and Southeast Asia. The initiative aims to collect more plastic waste than the company produces and to prevent over 13 million tonnes of plastic pollution by 2030. Mondelēz is also on track to meet ambitious packaging recyclability goals by 2025.
SnackFutures, the innovation hub of Mondelēz International (Nasdaq: MDLZ), has launched its CoLab 2022 program, inviting applications from mission-driven start-up snack brands dedicated to enhancing social and environmental well-being. Selected participants will receive a $20,000 grant and engage in a 12-week growth-centric curriculum. The program aims to foster collaboration between emerging brands and the established snack leader, providing valuable resources and mentorship. Applications are open until December 2021, with the program set to commence in April 2022.
TRISCUIT has announced the final changemakers for The Missing Ingredients Project, awarding $50,000 each to Jamila Norman of Patchwork City Farms and James Kanoff and Aidan Reilly of The Farmlink Project. This initiative, launched in November 2020 with a $1 million commitment, aims to enhance access to fresh produce in food deserts across the U.S. Approximately 19 million people live in such areas, exacerbated by the pandemic. The grants will help expand these organizations' efforts, tackling food insecurity and community wellness.
Mondelēz International reported a 7.8% increase in net revenues for Q3 2021, driven by 5.5% organic growth, favorable currency impacts, and acquisitions. Diluted EPS rose 14.1% to $0.89, while adjusted EPS grew 9.4% on a constant-currency basis. The company generated $2.7 billion in cash from operations year-to-date, returning $3.2 billion to shareholders. For FY 2021, it raised organic net revenue growth outlook to ~4.5% and reaffirmed adjusted EPS and free cash flow targets. Additionally, it committed to net zero greenhouse gas emissions by 2050.
Mondelēz International (Nasdaq: MDLZ) has committed to achieving net zero greenhouse gas emissions across its entire value chain by 2050. This commitment aligns with the Science Based Targets Initiative and the United Nations Race to Zero Campaign. The company plans to set interim emissions-reduction targets in the next two years and aims to source 100% of its cocoa and wheat sustainably by 2025.
Quotient (NYSE: QUOT) will participate in the Path to Purchase Institute’s Retail Media In Action event alongside Hy-Vee and Mondelēz International. The sessions on October 12 will focus on innovations in retail media and omnichannel marketing, showcasing how these companies leverage technology to enhance shopper engagement. Key speakers will include executives from Quotient, Hy-Vee, and Mondelēz, who will share insights on bridging physical and digital shopping experiences and the importance of measurement in marketing strategies.
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