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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.
SWEDISH FISH®, the leading fish-shaped candy in the U.S., has partnered with TerraCycle® to enable consumers to recycle their candy packaging for free. As of June 17, 2021, users can sign up online, send their packaging using prepaid labels, and earn points for charity. This initiative aligns with Mondelēz International's goals to promote sustainability in snacking. Each shipment processed contributes to cleaning the environment and allows consumers to support various charitable organizations. The program is open to individuals and organizations alike.
Mondelēz International (Nasdaq: MDLZ) announced that Glen Walter, EVP & President North America, will present at the Jefferies Virtual Consumer Conference on June 23 at 10:20 a.m. ET. A listen-only webcast of the event will be available on their official website, along with a replay afterward. In 2020, the company achieved net revenues of approximately $27 billion and is recognized for popular brands like OREO, Cadbury, and Trident. Mondelēz is a part of major indices, including the S&P 500 and Nasdaq 100.
Teddy Grahams partners with Save the Children for the 100 Days of Reading campaign to enhance children's learning during summer. This initiative addresses pandemic-related educational gaps, providing resources like weekly tips and curated book lists. Teddy Grahams commits $100,000 to support the campaign, which aims to offer fun reading opportunities and aid 750,000 children in underserved communities.
According to Save the Children, over half of families report decreased learning time for their children, making this collaboration crucial for recovery.
TRISCUIT has announced the first two recipients of its Missing Ingredients Project, aimed at enhancing access to fresh food in U.S. food deserts. Changemakers Max Kaniger and Asha Walker will each receive a $50,000 grant for innovative community programs addressing food insecurity. The initiative, launched with a $1 million commitment, supports efforts to improve nourishment in underserved areas. Approximately 19 million people in the U.S. live in food deserts, a challenge exacerbated by the pandemic.
On June 4, 2021, OREO announced a playful campaign inviting UFOs to enjoy its Double Stuf cookies. Senior Brand Manager Olympia Portale emphasized OREO’s mission to bring people together, extending this ethos to potential extraterrestrial life. The campaign encourages Americans to share cookies with everyone, promoting connection among all beings. With nearly $2.9 billion in annual global revenues, OREO remains the best-selling cookie of the 21st century, enjoying a robust following with over 40 million fans on Facebook.
Mondelēz International (Nasdaq: MDLZ) announced that Chief Financial Officer Luca Zaramella and EVP & President Europe Vinzenz Gruber will present at the Deutsche Bank Global Consumer Conference on June 9 at 07:00 a.m. CT. A listen-only webcast will be available on the company’s website, along with a replay post-event.
In 2020, Mondelēz reported net revenues of approximately $27 billion, offering renowned brands like OREO, Cadbury, and Sour Patch Kids in over 150 countries worldwide.
Mondelēz International (MDLZ) announced the acquisition of Chipita S.A., a key player in the Central and Eastern European baked snacks sector, for approximately $2 billion. This strategic move is expected to enhance Mondelēz's presence in the attractive $65 billion global packaged cakes category, adding $580 million in revenue from Chipita's renowned brands, including 7Days. The transaction aims for immediate earnings per share accretion and synergies through procurement and manufacturing. Chipita's strong growth trajectory and innovation capabilities align with Mondelēz's ambition to lead in broader snacking.
Mondelēz International (Nasdaq: MDLZ) announced that Chairman and CEO Dirk Van de Put, along with CFO Luca Zaramella, will present at the 2021 Bernstein Strategic Decisions Conference on June 2 at 11:00 a.m. ET. A listen-only webcast will be available on the company’s website, with a replay following the event. In 2020, Mondelēz reported net revenues of approximately $27 billion, with iconic brands like OREO, Cadbury, and Sour Patch Kids. The company is part of the S&P 500, Nasdaq 100, and Dow Jones Sustainability Index.
The Board of Directors of Mondelēz International (Nasdaq: MDLZ) has declared a quarterly dividend of $0.315 per share, payable on July 14, 2021. Shareholders on record as of June 30, 2021 will receive this dividend. Mondelēz reported approximately $27 billion in net revenues for 2020, showcasing its leadership in the snacking industry with popular brands like OREO and Cadbury. The company is recognized on notable indices, including the S&P 500 and Dow Jones Sustainability Index.
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