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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.
Mondelēz International has launched an offering of approximately EUR 300 million in senior unsecured bonds through its subsidiary, Mondelez International Holdings Netherlands B.V. The bonds, which will mature in three years and bear no interest, are exchangeable into shares of JDE Peet’s N.V. The expected exchange price will be at a premium of 30% to 35% over the reference price. The proceeds will support general corporate purposes, including the Chipita acquisition. Following full exchange, the issuer would retain approximately 21% stake in JDE Peet’s.
Mondelēz International (Nasdaq: MDLZ) has successfully priced its first green bond, totaling €2.0 billion, marking the largest issuance in the Packaged Foods and Consumer Goods industry. The bond includes €650 million of 0.250% notes due in 2029, €650 million of 0.625% notes due in 2032, and €700 million of 1.250% notes due in 2041. Proceeds will support sustainability projects focusing on sustainable sourcing, waste reduction in packaging, and combating climate change, aligning with the company's ESG goals.
On August 27, 2021, Mondelēz International announced that its subsidiary, Mondelez International Holdings Netherlands B.V., will redeem $1.5 billion of its 2.000% Notes due 2021. This redemption will occur on September 28, 2021, at a 100% principal amount plus any accrued interest. The Notes were issued as per the Base Indenture dated October 28, 2016. Mondelēz, known for iconic brands like OREO and Cadbury, reported approximately $27 billion in net revenues for 2020, and is a proud member of the S&P 500 and Nasdaq 100.
On August 24, 2021, Mondelēz International (Nasdaq: MDLZ) announced that CEO Dirk Van de Put and CFO Luca Zaramella will participate in a Q&A session at the Barclays Global Consumer Staples Conference on September 9, 2021, at 9:20 am ET. Investors can access a live audio webcast of the presentation on the company's investor relations website, which will also host an archive of the session. Mondelēz reported approximately $27 billion in net revenues for 2020, leading in the global snacking industry with well-known brands such as OREO, Cadbury, and Trident.
MissFresh (NASDAQ: MF) has teamed up with Mondelēz International (NASDAQ: MDLZ) to launch OREO Zero, a sugar-free cookie range, on its platform in China. Shoppers can receive these cookies within 30 minutes, targeting health-conscious consumers. The launch was highlighted by an OREO Super Brand Day on August 17, featuring Oreo Zero Cookies and rose-flavored Oreo Zero Thin Cookies. MissFresh is expanding its FMCG offerings, with 42% of gross merchandise value now from these goods, and aims to further enhance its product range while maintaining a focus on fresh produce.
On July 28, 2021, CHIPS AHOY!® announced the launch of its new Chewy CHIPS AHOY! Fudge Filled Cookies, a collaboration with HERSHEY'S. This product features a rich fudge-filled center, blending the classic CHIPS AHOY! taste with a fudge flavor. The cookies aim to enhance summer snacking, especially when paired with ice cream. Sabrina Sierant, Associate Director of CHIPS AHOY!, emphasized the cookie's role in creating enjoyable summer moments. Mondelēz International, which reported $27 billion in net revenues for 2020, continues to innovate in its cookies portfolio.
In Q2 2021, Mondelēz International (MDLZ) reported a 12.4% increase in net revenues, driven by 6.2% organic growth, favorable currency, and acquisitions. Diluted EPS rose to $0.76, up 100%. The company increased its quarterly dividend by 11% to $0.35 per share and returned $2.4 billion to shareholders in H1. Operating income was $872 million, reflecting a 22.3% increase. Full-year organic net revenue growth outlook revised to 4%+. Cash from operations totaled $1.8 billion, indicating strong financial health.
Give and Go Prepared Foods announced a voluntary nationwide recall of certain muffin products due to potential contamination with Listeria monocytogenes. This bacterium can cause serious infections, especially in vulnerable populations such as young children and the elderly. The recall is limited to specified products sold in retail stores across the U.S., and no other products from the company are affected. So far, there have been no reported illnesses, and consumers are advised to dispose of the recalled items immediately.
Mondelēz International, Inc. (Nasdaq: MDLZ) is set to release its second quarter 2021 financial results on July 27, 2021, at 4:05 p.m. ET. A conference call for investors and analysts will follow at 5:00 p.m. ET. Participants can join via phone or listen to a live webcast on the company’s website. A replay will be available until July 29, 2021. In 2020, MDLZ reported net revenues of approximately $27 billion, showcasing its strong presence globally with iconic brands such as OREO and Cadbury.
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