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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.
TRISCUIT has launched The Missing Ingredients Project, committing $1 million over three years to enhance access to fresh food in U.S. food deserts. Approximately 19 million Americans live in these areas with limited healthy food options. The initiative will award 20 grants of $50,000 each to local non-profits to support innovative solutions for food access starting in early 2021. This campaign, which features striking visuals like 'missing posters', aims to highlight the importance of addressing food deserts and will engage notable chefs to raise awareness.
The RITZ brand launched its "Where There's Love, There's Family" holiday campaign on Nov. 11, 2020, emphasizing the importance of chosen families. The campaign features a touching TV ad highlighting themes of inclusion and connection, focusing on diverse storytelling. RITZ partnered with Hulu and Vice Media Group for additional content and donated $50,000 to organizations promoting acceptance. The brand also reintroduced the limited-edition Snowflake cracker for the festive season. This campaign aims to foster a sense of belonging during challenging times.
Mondelēz International (NASDAQ: MDLZ) launched the second annual State of Snacking™ report, highlighting consumer snacking trends during the COVID-19 pandemic. The study, conducted with The Harris Poll, reveals that 88% of adults snack the same or more than before. 52% find snacking a lifeline, while 66% have better control over portion sizes at home. The report underscores a long-term shift in snacking habits, with 65% believing the pandemic will permanently change consumption. The findings emphasize the emotional connection and health consciousness surrounding snacking.
Mondelēz International (NASDAQ: MDLZ) announced a seed investment in Israeli Foodtech company Torr through its innovation hub, SnackFutures. This investment aims to enhance Torr's proprietary technology, which focuses on using simple ingredients to create unique sensory experiences in food. The terms of the deal were not disclosed. Rob Hargrove, EVP of Research, Development & Quality, emphasized the importance of partnerships in driving future growth. This collaboration is part of Mondelēz's strategy to explore new snacking opportunities worldwide.
Mondelēz International (NASDAQ: MDLZ) announced the redemption of its outstanding 3.625% Notes due 2023, totaling $391,078,000. The redemption will occur on December 4, 2020, at a price determined by the greater of 100% of the principal or the present value of scheduled payments discounted at the Treasury Rate plus 15 basis points. The actual redemption price will be published on the investor section of its website once determined. This move reflects the company's proactive financial management as it continues to lead in the global snack market.
Mondelēz International (NASDAQ:MDLZ) is enhancing its commitment to improve plastic packaging recycling. The company supports global initiatives and extended producer responsibility (EPR) programs aimed at advancing recycling rates, particularly for flexible films used in confectionery. With approximately 94% of its packaging designed for recycling, Mondelēz is on track to meet its 2025 goal of 100%. They plan to use recycled plastic in products like Philadelphia cream cheese and have already removed 65,000 tons of packaging since 2013.
Mondelēz International reported Q3 2020 net revenues of $6.665 billion, up 4.9% year-over-year, driven by 4.4% organic growth. Diluted EPS decreased to $0.78, down 20.4%, while adjusted EPS remained flat at $0.63. Year-to-date, cash provided by operating activities was $2.3 billion, an increase of $0.4 billion from the previous year. The company returned $0.4 billion to shareholders via dividends. For 2020, Mondelēz anticipates organic revenue growth of over 3.5% and adjusted EPS growth of over 5% on a constant-currency basis, despite currency headwinds.
Mondelēz International (MDLZ) has announced a cash Tender Offer to purchase up to $1 billion of its debt securities. As of the Early Tender Date on October 14, 2020, the company accepted $949.67 million of notes from various holders. The Total Consideration for these notes includes an early tender premium of $30 per $1,000 principal amount. Settlement for accepted notes is scheduled for October 16, 2020. The Tender Offer is part of Mondelēz's strategy for managing its debt obligations and optimizing its financial position.
Mondelēz International announced the early tender results for its cash Tender Offer totaling up to $1 billion for various debt securities. By the Early Tender Date, holders had validly tendered $949.67 million in aggregate principal amount of Notes. To accommodate all valid tenders, Mondelēz increased both the Maximum Tender Amount and the Group 2 SubCap. The settlement for accepted Notes will occur on October 16, 2020, including an early tender premium of $30 per $1,000 principal amount.
Mondelēz International (NASDAQ: MDLZ) will release its third-quarter 2020 financial results on November 2, 2020, at 4:05 p.m. ET. A conference call will follow at 5:00 p.m. ET, where investors can participate via phone or listen to a live webcast at their official website. The call will be available for replay until November 4, 2020.
The company reported approximately $26 billion in net revenues for 2019, showcasing a robust portfolio that includes well-known brands like OREO and Cadbury Dairy Milk.
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