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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 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.
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.
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