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 joined the U.S. Plastics Pact, a collaboration aimed at creating a circular economy for plastics by 2025. This initiative involves over 70 brands, retailers, NGOs, and government agencies working to rethink plastic use and design.
As a founding Activator, Mondelēz commits to four goals: eliminating problematic packaging by 2025, ensuring all plastic packaging is reusable or recyclable, recycling or composting 50% of plastic packaging, and achieving 30% recycled content in packaging. This move supports Mondelēz's broader sustainability ambition.
On August 24, 2020, Mondelēz International (NASDAQ: MDLZ) announced that its CEO Dirk Van de Put and CFO Luca Zaramella will participate in a Q&A session at the Barclays Global Consumer Staples Conference on September 9, 2020, at 10:40 am ET. A live audio webcast will be accessible through the company's investor website, with an archived version available afterward. Mondelēz International reported approximately $26 billion in net revenues for 2019, offering iconic brands worldwide, including OREO and Cadbury.
On August 11, 2020, Mondelēz International announced the opening of the first-ever SOUR PATCH KIDS store in New York City, marking 35 years of the brand's presence. Located at Bond Street and Broadway, this permanent store features interactive experiences, a Sweets Bar, and customizable candy mix stations. Visitors can also purchase exclusive merchandise. The store prioritizes visitor safety by implementing social distancing measures and sanitation practices. This initiative reflects Mondelēz's commitment to engaging consumers and expanding brand presence in the confectionery market.
Mondelēz International (MDLZ) reported Q2 2020 net revenues of $5.91 billion, a 2.5% decline due to unfavorable currency impacts. However, Organic Net Revenue grew by 0.7%. Diluted EPS fell 30.9% to $0.38, impacted by costs related to the JDE Peet's IPO. Adjusted EPS was $0.63, reflecting a 16.1% increase on a constant-currency basis. The company generated $1.6 billion in cash from operations, marking a $0.5 billion improvement year-over-year, and returned $410 million to shareholders through dividends, announcing an 11% increase in quarterly dividends.
On July 16, 2020, Trident Gum collaborated with T-Pain to launch the #ChewTunes campaign, encouraging consumers to create custom beats through an Instagram filter. Participants aged 16 and older can enter a sweepstake for a chance to win a trip to the 63rd GRAMMY Awards or a cash prize of $10,500. The limited edition Chew Tunes packs feature four flavors, each linked to a unique instrumental sound. The campaign runs until November 1, 2020, with various instant win prizes available at chewtunes.com.
Mondelēz International (NASDAQ: MDLZ) will announce its Q2 2020 financial results on July 28, 2020, at 4:05 p.m. ET. The conference call for investors will take place at 5:00 p.m. ET, with access via phone or a live webcast. Participants are urged to join early to ensure access. A replay will be available until July 30, 2020. Mondelēz, with net revenues of approximately $26 billion in 2019, is recognized in over 150 countries and is associated with brands like OREO, Cadbury, and Trident gum. Investors can follow the event updates via Twitter.
RITZ introduces RITZ Cheese Crispers, a new snack made with real cheese, available in Cheddar and Four Cheese & Herb flavors. The product features a light, crispy texture through a unique baking process, targeting snack lovers. A multimillion-dollar marketing campaign will launch this month to promote the product. RITZ Cheese Crispers are available at major retailers nationwide for an SRP of $3.62, expanding Mondelēz International's portfolio, which includes popular snacks like Oreo and Cadbury.
Mondelēz International (NASDAQ: MDLZ) has announced that Executive Vice President Glen Walter will present at the Evercore ISI Virtual Consumer & Retail Summit on June 16, 2020, at 8:00 a.m. ET. A listen-only webcast will be available on the company's website, and a replay will be accessible later. Mondelēz is a leader in the global snack market, with 2019 net revenues of approximately $26 billion, featuring well-known brands like OREO, Cadbury, and Trident.
Mondelēz International announced that Philadelphia cream cheese will use recycled plastic packaging across Europe starting in 2022. This move highlights the brand's commitment to sustainability and aims to incorporate 5% recycled content in all plastic packaging. Philadelphia is the first major cream cheese brand to adopt this innovative technology, which reduces environmental impact and supports a circular economy. The initiative aligns with Mondelēz's long-term sustainability goals, including making 100% of its packaging recyclable by 2025 and reducing overall waste.
Mondelēz International (NASDAQ: MDLZ) has successfully contributed to JDE Peet's listing on Euronext Amsterdam, selling part of its stake at €31.50 per share. Post-offering, Mondelēz's ownership will range between 22.9% and 23.4% and it will retain two board seats. The listing enhances flexibility for Mondelēz and establishes a public valuation of its investment in JDE Peet's, similar to its stake in Keurig Dr Pepper (NYSE: KDP). This strategic move indicates continued engagement in the coffee and tea sector.
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