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) 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.
Mondelēz International (NASDAQ: MDLZ) announced that its Chairman and CEO, Dirk Van de Put, along with CFO, Luca Zaramella, will be presenting at the Consumer Analyst Group of New York (CAGNY) Virtual Conference. The event is scheduled for February 16, 2021, at 1:50 p.m. ET. Investors and interested parties can access a live webcast of the presentation on the company's website, with a replay also available afterward. Mondelēz International is a leader in the snack industry, generating approximately $27 billion in net revenues in 2020 and offering popular brands like OREO, Cadbury, and Trident.
Mondelēz International reported a 2.8% increase in net revenues for FY 2020, driven by a 3.7% growth in Organic Net Revenue. However, diluted EPS decreased 8.2% to $2.47, while adjusted EPS rose 6.5% on a constant-currency basis. Free Cash Flow reached $3.1 billion, up $0.1 billion year-over-year. In Q4 2020, net revenues improved by 5.6%, with a diluted EPS of $0.80, a 60.0% increase. The company returned $3.1 billion to shareholders throughout the year, including a resumption of share repurchases.
Hometown Food Company announces the launch of the Funfetti® OREO® baking line, combining two beloved brands. Available starting February 2021, the lineup includes five products featuring real OREO® cookie pieces: vanilla and chocolate cake mixes, frosting, brownie mix, and pancake & waffle mix. To celebrate, a digital baking contest with judges Duff Goldman and Matthew Merril will take place. Participants can submit entries until January 26, with winners announced in March. Retail prices will range from $1.30 to $4.00.
Mondelēz International (NASDAQ: MDLZ) is set to release its fourth quarter 2020 financial results on January 28, 2021, at 4:05 p.m. ET. A conference call will follow at 5:00 p.m. ET, with participants encouraged to join at least 10 minutes early. A listen-only webcast will be available on the company's website, and a replay will be accessible until January 30, 2021. In 2019, MDLZ reported net revenues of approximately $26 billion, leading the snacking industry with popular brands like OREO and Cadbury Dairy Milk.
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