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.
HALLS, America’s #1 cough drop brand, has partnered with TerraCycle to make cough and throat drop packaging nationally recyclable in the U.S. This initiative allows consumers to recycle any brand of cough drop packaging, earning points that can be donated to charities. The program is free, encouraging easy participation. HALLS aims for sustainable solutions as part of this partnership, enhancing its commitment to the environment. In 2020, Mondelēz International, the parent company of HALLS, generated approximately $27 billion in net revenues, indicating robust market strength.
Mondelēz International (Nasdaq: MDLZ) and Olam Food Ingredients (OFI) have partnered to establish the world’s largest sustainable cocoa farm in Indonesia, covering 2,000 hectares on Seram Island. This initiative aims to enhance sustainable cocoa sourcing and tackle challenges like rising temperatures and low yields. The project will create 700 local jobs, with nearly half for women, and aims to improve farmer livelihoods and restore deforested areas. Over 1,080 hectares have already been planted, promoting biodiversity and carbon capture, while also providing healthcare and education access for local families.
The SOUR PATCH KIDS brand, under Mondelēz International, is launching its first-ever mystery flavor, inviting fans to participate in a guessing game for a chance to win $50,000. Starting April 1, 2021, fans can submit their guesses online, inspired by weekly clues shared on social media platforms. The mystery flavor will be revealed in August 2021, along with the grand prize winner announcement. This promotional campaign aims to engage loyal customers and enhance brand visibility, with the limited-edition flavor now available nationwide.
Mondelēz International (Nasdaq: MDLZ) will announce its first quarter 2021 financial results on April 27, 2021, at 4:05 p.m. ET. A conference call will follow at 5:00 p.m. ET, which investors can join by calling 1-800-322-9079 in the U.S. or 1-973-582-2717 internationally. A replay of the call will be accessible until April 29, 2021. In 2020, the company reported approximately $27 billion in net revenues, leading the snack sector with brands like OREO and Cadbury. Detailed financial insights and future guidance will be provided during the call.
Mondelēz International (Nasdaq: MDLZ) announced the redemption prices for its outstanding notes. The 1.000% Notes, redeemable on March 31, 2021, will cost €1,014.32 plus €0.65753 accrued interest, totaling €1,014.98 per €1,000. The 1.625% Notes will redeem for €1,038.25 plus €3.11644 interest, totaling €1,041.37. The 2.125% Notes will redeem for $1,032.63 plus $9.92 interest, totaling $1,042.55. Lastly, the 4.000% Notes will redeem for $1,099.87 plus $6.67 interest, totaling $1,106.54. This move is part of the company's ongoing financial strategy.
Mondelēz International (Nasdaq: MDLZ) announced an agreement to acquire a majority stake in Grenade, a UK performance nutrition brand specializing in high-protein bars. The acquisition aims to enhance its presence in the snacking and well-being segments, with Grenade holding a 13% market share in the UK's snack bar category. Grenade's successful products, including the best-selling Carb Killa® bar, will complement Mondelēz's brand portfolio. The deal is expected to close by the end of March, with Grenade continuing to operate independently under its current leadership.
Mondelēz International (NASDAQ: MDLZ) has announced its acquisition of Gourmet Food Holdings Pty Ltd, an Australian company known for its premium biscuit and cracker products. This move enhances Mondelēz's position in the fast-growing premium and well-being food segment in Australia and New Zealand (ANZ). With brands like OB finest and Olina's Bakehouse, Gourmet Food is a leader in its category. The deal, which is expected to close in April 2021, includes Gourmet Food's prepackaged seafood business and is anticipated to accelerate Mondelēz's growth in the region.
Hu Products has announced a nationwide voluntary recall of its Chocolate Covered Hunks - Sour Goldenberries product due to undeclared almonds, posing a serious risk to individuals with almond allergies. The recall affects only the 4 oz. bag with UPC 850180006510, lot code 202891, and a best by date of 08/2021. No other products are impacted, and no adverse reactions have been reported. Consumers should discard the product and contact the company for assistance. This recall is conducted with the knowledge of the U.S. FDA.
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