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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.
7-Eleven, Inc. has introduced a new -time Slurpee® drink flavor: Coca-Cola® OREO™ Zero Sugar, available at participating 7-Eleven®, Speedway®, and Stripes® stores nationwide. This innovative flavor combines the classic taste of Coca-Cola® with OREO® cookie-inspired hints, coinciding with Coca-Cola® and OREO's® upcoming launch of two -time treats.
To celebrate this collaboration, a Dallas-area 7-Eleven store will host 'The Besties Restie Stop' on September 14, 2024, from 2 p.m. to 10 p.m., offering tastings and -edition Slurpee collectibles. Customers nationwide can also have Slurpee drinks delivered through the 7NOW® Delivery app, available on App Store and Google Play.
Mondelēz International released its 2023 Snacking Made Right Report, focusing on water management. The company reduced absolute water use at priority sites by 15% in 2023 compared to 2018. Key initiatives include water audits, efficient equipment installation, and enhanced recycling systems. Notable projects were implemented in Mexico, South Africa, Brazil, and Thailand.
Mondelēz aligns with the UN's Sustainable Development Goals, emphasizing sustainable water management. The company's strategy targets reducing water use at priority sites in water-stressed areas by 2025. Future plans involve identifying at-risk watersheds and developing action plans for key basins.
Total incoming water decreased from 10,304,000 m3 in 2018 to 9,167,000 m3 in 2023. Water stewardship remains a important aspect of Mondelēz's governance, with ongoing focus on Board oversight, public dialogue, and compliance.
Mondelēz International has released its 2023 Snacking Made Right Report, focusing on logistics operations and their impact on CO2e emissions. Outbound logistics account for about 4% of the company's total emissions, with truck transportation being the main contributor at 85%. To reduce emissions, Mondelēz is:
- Investing in energy-efficient mobility solutions
- Switching to renewable energy in warehouses
- Optimizing distribution routes
- Improving truck and container utilization
Notable initiatives include partnering with Indian Railways, installing solar panels at distribution centers, reducing idling time in U.S. operations, and piloting electric transportation in various markets. In Europe, the Design to Transport program has eliminated over 1,000 trucks between facilities and distribution centers in 2023.
Mondelēz International's 2023 Snacking Made Right Report highlights the company's progress in reducing energy emissions to achieve net-zero carbon. The report focuses on three key areas: improving energy efficiency, electrifying operations, and increasing renewable electricity use. In 2023, 48% of total electricity consumed came from renewable sources, up from 40% in 2022. The company achieved a 34% reduction in CO₂e emissions across manufacturing operations compared to 2018.
Mondelēz implemented various initiatives, including solar panel installations in multiple countries and signing long-term Power Purchase Agreements. The company invested approximately $140 million in energy efficiency programs in its European supply chain. Notable achievements include three plants in China joining the Global Lighthouse Network and the Sri City factory in India receiving the Advanced 4IR Digital Lighthouse Award from the World Economic Forum.
Coca-Cola® and OREO® have joined forces as 'Besties' to launch two -edition products: OREO® Coca-Cola™ Sandwich Cookie and Coca-Cola® OREO™ Zero Sugar Edition. This collaboration aims to celebrate friendship and spark connections among fans worldwide. The partnership includes:
1. Unique product offerings with distinctive designs and flavors
2. A 'Bestie Mode Digital Experience' on Spotify for friends to merge music tastes
3. A 'Bestie Mode' merchandise line with Forever21 in the US
The products will be available in select markets starting September, including the US, Canada, China, Mexico, and Brazil. This initiative is part of Coca-Cola Creations® and aligns with OREO's commitment to flavor innovation and consumer engagement.
Mondelēz International (MDLZ) has announced its participation in the upcoming Barclays Global Consumer Staples Conference on September 4, 2024. CEO Dirk Van de Put and CFO Luca Zaramella will engage in a fireside chat session at 9:00 am ET.
Investors and interested parties can access a live audio webcast of the presentation through the company's official website at www.mondelezinternational.com/investors. For those unable to attend the live session, an archive of the webcast will be made available on the same platform for future reference.
This participation highlights Mondelēz's commitment to engaging with the investment community and sharing insights into its business strategies and performance.
PopUp Bagels and OREO® have joined forces to create a -edition flavor: Cookies and Cream Cheese Made With OREO®. This innovative blend combines PopUp Bagels' fluffy schmear with the iconic crunch and flavor of OREO® cookies, offering a sweet topping for bagel enthusiasts. The new product will be available exclusively at PopUp Bagels locations from August 14 to August 20, 2024. Pre-orders begin on August 11 at www.PopupBagels.com, allowing fans to secure their batch of this unique collaboration. Adam Goldberg, Founder at PopUp Bagels, expressed excitement about bringing OREO® cookies into the PopUp Bagels experience, describing the blend as 'truly something special'.
Mondelēz International (Nasdaq: MDLZ) reported Q2 2024 results with mixed performance. Net revenues decreased -1.9%, while Organic Net Revenue grew +2.5%. Diluted EPS fell -34.8% to $0.45, but Adjusted EPS rose +25.0% to $0.86 on a constant currency basis. The company maintained strong cash flow, with year-to-date operating cash flow at $2.1 billion. Mondelēz announced an 11% increase in quarterly dividend and is launching a transformative ERP program for enterprise efficiencies. Despite challenges, the company remains focused on its long-term growth agenda and is well-positioned for the second half of 2024 with completed European pricing, new U.S. value offerings, and expansion in emerging markets.
CLIF BAR has launched a summer sweepstakes offering thousands of outdoor-themed prizes to encourage people to spend more time in nature. The Take a Trip with CLIF Instant Win & Sweepstakes includes two grand prizes of expenses-paid REI Co-op Adventure Travel trips for winners and three guests each. Other prizes include GPS watches, tents, and daypacks.
The initiative aligns with CLIF BAR's mission to 'feed adventure' and promote equitable access to outdoor activities. To enter, consumers must upload a receipt showing purchase of a CLIF BAR multi-pack at clifbar.com/buyaclif. The sweepstakes runs through October 1, 2024. CLIF BAR is also partnering with nonprofits like Outdoor Afro and Climbing for Change to address barriers to outdoor access.
Mondelēz International has released its 2023 Snacking Made Right Report, outlining ambitious sustainability goals and a net-zero emissions roadmap. The company aims to reduce absolute end-to-end GHG emissions by 35% by 2030 and achieve net-zero emissions by 2050, compared to a 2018 baseline. These targets have been validated by the Science Based Targets initiative (SBTi).
Mondelēz is focusing on three key drivers to reduce carbon emissions: deforestation-free practices, regenerative agriculture, and avoiding fossil fuels. The company has joined the UN's "Race to Zero" campaign and signed the SBTi's Business Ambition for 1.5°C. Their carbon footprint assessment covers emissions from field to shelf, addressing approximately 90% of these emissions in their goal boundary.
The report highlights Mondelēz's commitment to sustainable business practices and its efforts to support resilience across supply chains and communities.
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