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.
Mondelēz International (Nasdaq: MDLZ) has announced its commitment to cut virgin plastic use in rigid plastic packaging by at least 25% by 2025. This initiative is part of a broader strategy to eliminate, reduce, and recycle plastics in its packaging. Currently, the company is below sector-average plastic use and aims for a 5% reduction in overall plastic packaging. Mondelēz is investing approximately $300 million from 2019 to 2025 to enhance sustainability, including support for a U.S. Federal recycling scheme that addresses flexible films.
Sargento Foods has launched a new product line, Balanced Breaks Cheese & Crackers Snacks, in partnership with Mondelez International. This offering pairs Sargento's natural cheese with popular snack crackers like RITZ, TRISCUIT, and WHEAT THINS. Available in four flavor combinations, each serving provides 7-9 grams of protein and up to 170 calories.
The products can be found in the refrigerated sections of major retailers and online, enhancing convenience for snacking enthusiasts.
Mondelēz International (Nasdaq: MDLZ) has announced a planned redemption of €500 million of its 1.000% Notes due 2022, €700 million of its 1.625% Notes due 2023, and $500 million of its 2.125% Notes due 2023, along with $492.46 million of its 4.000% Notes due 2024. The redemptions are set for March 31, 2021. Each note will be redeemed at a price equal to either 100% of the principal or the present value of scheduled payments, plus accrued interest. Details on redemption prices will be available on the company's investor website.
Mondelēz International has launched Sustainable Futures, an impact investing platform aimed at supporting self-sustaining ventures that tackle global challenges such as climate change. This initiative is part of the company's commitment to generate a positive impact on people and the planet. The platform will focus on co-investing in projects that protect forests and reduce carbon emissions, with initial support for social ventures in India and South Africa. This move aligns with the company's sustainability strategy and its goal of long-term, meaningful change.
Mondelēz International (Nasdaq: MDLZ) recently showcased its strategic progress at the 2021 CAGNY Conference. CEO Dirk Van de Put emphasized the company's strong market position and opportunities for growth in 2021, driven by a three-pillar strategy focusing on brand development, operational excellence, and cultivating a growth culture. CFO Luca Zaramella highlighted expectations for organic net revenue growth of over 3%, high-single-digit adjusted EPS growth at constant currency, and free cash flow exceeding $3 billion. The company reaffirmed its long-term financial targets.
SOUR PATCH KIDS has partnered with the Thurgood Marshall College Fund to launch the Mischief for Change Scholarship, offering students from HBCUs and PBIs up to $16,700 each in financial assistance. This initiative is part of a $1 million commitment over five years to support education within the Black community. Applications are open until March 22, 2021. Basketball star Chris Paul will aid in selecting the scholarship recipients, highlighting the importance of HBCUs in shaping future leaders.
Chips Ahoy! has announced a collaboration with sneaker designer Dominic "The Shoe Surgeon" Ciambrone, inviting fans to design a new sneaker for its animated mascot Chip. This initiative includes a $100,000 donation to Boys & Girls Clubs of America for arts programming, with each entry in the Chip's Kicks Sneaker Sweepstakes generating a $5 donation (up to $20,000). Prizes include custom sneakers and a chance to attend a shoemaking workshop. The campaign not only engages teens creatively but also supports a charitable cause.
Mondelēz International's SnackFutures has launched CoLab, a collaborative program for US-based early-stage well-being snack brands, set to begin in June 2021. Selected start-ups will receive a $20,000 grant and a tailored 12-week curriculum that includes mentorship, workshops, and access to Mondelēz’s resources. The program aims to support brands recovering from the COVID-19 pandemic, enhancing growth through shared expertise. Start-ups need to generate at least $500,000 in revenue and align with Mondelēz's innovation priorities to apply.
Conagra Brands has partnered with SOUR PATCH KIDS to launch a new range of Juicy Gels, available in REDBERRY and Blue Raspberry flavors. Made with real sugar, these gluten-free gels contain 0 grams of fat and 100 calories per serving, priced at $2.79 per pack. This collaboration aims to enhance consumer snacking experiences by combining the iconic flavors of both brands. Available in grocery stores and online from early February 2021, this initiative aligns with Conagra's commitment to innovation and growth in their food portfolio.
The Board of Directors of Mondelēz International (NASDAQ: MDLZ) has declared a quarterly dividend of $0.315 per share, payable on April 14, 2021. This dividend is available to shareholders who are on record as of the close of business on March 31, 2021. Mondelēz generated approximately $27 billion in net revenues for 2020, boasting a portfolio of popular brands including OREO, Cadbury Dairy Milk, and Trident. The company is also recognized in the S&P 500 and Dow Jones Sustainability Index.
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