Mondelez Intl Stock Price, News & Analysis

SOUR PATCH KIDS has launched the SOUR PATCH KIDS Sour Hearts candy, featuring a unique Black Raspberry flavor and a new heart shape, in celebration of Valentine's Day. Additionally, the brand introduces the Sour Hearts Social Club, an exclusive dinner event for singles on February 13, 2023, at The Allis at Soho House, Chicago, available via OpenTable. Reservations are free and include culinary delights and mocktails with the new candy. The Sour Hearts candy can be purchased at major retailers in limited sizes, priced at $3.00 and $1.25. This initiative aims to engage fans and offer a fun, non-romantic Valentine's Day experience.

Mondelēz International reported a 9.7% increase in net revenues for the full year, driven by a 12.3% growth in organic net revenue. In Q4 2022, net revenues rose 13.5%, with organic growth at 15.4%. Despite strong sales, diluted EPS fell 35.5% to $1.96, while adjusted EPS improved 11.9% to $2.95 on a constant currency basis. The company generated $3.9 billion in operating cash but faced a $0.2 billion decline year-over-year. Shareholder returns totaled $4.0 billion, with a 10% dividend increase. Additionally, Mondelēz announced the acquisition of its gum business by Perfetti Van Melle, expected to close in Q4 2023.

On January 24, 2023, OREO launched the Most OREO OREO, a limited-edition cookie featuring two chocolate-flavored basecakes filled with 'Most Stuf' levels of creme and real OREO grind. The product aims to engage fans through the OREOVERSE, an interactive metaverse experience offering cookie-themed games and a chance to win a $50,000 grand prize. Fans can access the OREOVERSE in Meta Horizon Worlds or via desktop and mobile. The cookie will be available for pre-sale starting January 24, rolling out nationwide on January 30 for a limited time. OREO's partnership with Martha Stewart highlights the playful spirit of this new venture.

Mondelēz International has released its fourth annual State of Snacking report, revealing that consumers prefer snacking over traditional meals for the fourth consecutive year. Despite economic challenges, 71% of consumers snack at least twice daily, with 55% replacing regular meals with snacks. The report highlights a growing preference for sustainable snacking, with 70% of respondents prioritizing snacks with less packaging. Furthermore, consumers express a willingness to pay a premium for sustainable snacks, indicating a shift towards mindful consumption. This study, developed with The Harris Poll, surveyed thousands across 12 countries.

Mondelēz International (Nasdaq: MDLZ) plans to announce its fourth quarter 2022 financial results on January 31, 2023, at 4:05 p.m. ET, followed by a conference call at 5:00 p.m. ET. Investors can join by calling 800-225-9448 in the U.S. and 203-518-9814 internationally. A listen-only webcast will also be available at www.mondelezinternational.com. A replay of the call will be accessible until February 7, 2023, using the access code MDLZQ422.

Mondelēz International (Nasdaq: MDLZ) has announced the sale of its developed-market gum business in the U.S., Canada, and Europe to Perfetti Van Melle Group for $1.35 billion, equivalent to 15 times the estimated current year EBITDA. This divestiture aligns with Mondelēz’s strategic plan to focus on growth areas like chocolate, biscuits, and baked snacks. The transaction is expected to close in Q4 2023 and includes well-known gum brands such as Trident and Dentyne. The company aims to increase its revenue from core snacking categories to 90% by 2030.

Mondelēz International (Nasdaq: MDLZ) announced the appointment of Ann Mukherjee to its Board of Directors, effective January 1, 2023. Mukherjee, previously Chairwoman and CEO of Pernod Ricard North America, brings extensive experience in consumer packaged goods, including senior roles at S.C. Johnson and PepsiCo. Her expertise in consumer insights, brand innovation, and commercial execution is expected to support Mondelēz's Vision 2030 strategy, aiming to strengthen its position as a leader in global snacking.

The Board of Directors of Mondelēz International (Nasdaq: MDLZ) declared a quarterly dividend of $0.385 per share of Class A common stock. This dividend will be paid on January 13, 2023, to shareholders of record by the close of business on December 30, 2022. With 2021 net revenues of approximately $29 billion, Mondelēz continues to lead in the global snacking market with popular brands such as Oreo, Cadbury, and Trident. The company is part of major indices including the S&P 500 and Dow Jones Sustainability Index.

Chips Ahoy! has announced a new cookie flavor, Chewy Confetti Cake Cookies, to celebrate its 60th birthday, launching nationwide in January. This new flavor features confetti cake taste with colorful sprinkles, aiming to appeal to Gen-Z consumers. The cookies are set to retail for $4.99 in family-size packages. With a focus on bringing joy and new sensory experiences, the brand intends to engage customers with this innovative product while maintaining its traditional cookie quality.