Welcome to our dedicated page for Mondelez Intl news (Ticker: MDLZ), a resource for investors and traders seeking the latest updates and insights on Mondelez Intl stock.
Mondelēz International, Inc. develops and markets global snack brands across biscuits and baked snacks, chocolate, gum and candy, beverages, and cheese and grocery categories. News for MDLZ commonly covers earnings releases, pricing and volume trends, input costs, advertising and promotion spending, productivity, cash flow, and returns of capital to shareholders.
Company updates also include product innovation and brand campaigns for names such as Oreo, Ritz, Chips Ahoy!, Cadbury, Toblerone, CLIF, LUNA, Nilla, Sour Patch Kids, Swedish Fish, BelVita, LU, Tate's Bake Shop, Milka, and Toblerone. Other recurring developments include limited-edition collaborations, retail promotions, manufacturing investments, and capacity or innovation projects within the company's global snack portfolio.
Mondelēz International (Nasdaq: MDLZ) has unveiled an evolution in its growth strategy, focusing on the chocolate, biscuits, and baked snacks categories. The company is increasing its long-term Organic Net Revenue growth algorithm to 3% - 5%, up from 3%+. Key strategies include reshaping the portfolio and enhancing distribution channels. Recent acquisitions are expected to add $2 billion in annual revenue, with a growth rate in the high single digits. The firm plans to invest $1 billion to lead in digital commerce and aims for 20% of revenues from digital by 2030.
Mondelēz International reported a 7.3% increase in net revenues for Q1 2022, driven by 8.6% organic net revenue growth and acquisitions. Diluted EPS declined 10.3% to $0.61, while adjusted EPS increased 13.9% to $0.84 on a constant-currency basis. The company generated $1.1 billion in cash from operating activities and returned $1.2 billion to shareholders. An agreement to acquire Ricolino will enhance its presence in Mexico. However, elevated input cost inflation remains a concern.
Mondelēz International (Nasdaq: MDLZ) has entered into an agreement to acquire Grupo Bimbo's confectionery business, Ricolino, for approximately $1.3 billion USD. This acquisition is set to enhance MDLZ's growth in the high-priority Mexican market by doubling its local business size and expanding its chocolate offerings. Ricolino, generating about $500 million USD in annual revenue, operates over 2,100 DSD routes reaching 440,000 outlets. The deal aims to provide synergies and increased market penetration, expected to close by late Q3 or early Q4 2022.
Mondelēz International (Nasdaq: MDLZ) has announced an investor update event scheduled for May 10, 2022, at 9:00 a.m. EDT. Chairman and CEO Dirk Van de Put, along with senior leadership, will discuss the company's business strategy and capital allocation plans. Investors and analysts can join the virtual event via the company's investor relations webpage. The event aims to provide insights into the company's future initiatives, supporting its position in the snack industry, which generated approximately $29 billion in net revenues in 2021.
Mondelēz International (Nasdaq: MDLZ) will release its Q1 2022 financial results on April 26, 2022, at 4:05 p.m. ET, followed by a conference call at 5:00 p.m. ET. Investors can join the call by calling 866-518-6930 (U.S.) or 203-518-9713 (international). A listen-only webcast will also be available on their website. A replay can be accessed until May 3, 2022. In 2021, Mondelēz reported approximately $29 billion in net revenues, featuring brands like Oreo, Cadbury, and Sour Patch Kids.
Chips Ahoy! has launched the Follow Your Art campaign, committing $1 million over three years to fund art programs through a partnership with Boys & Girls Clubs of America. This initiative aims to provide resources and inspiration to teens in need of creative outlets, especially given the over 40% decrease in art funding since 2001. The campaign will feature limited-edition cookies inspired by Club members' artwork, with a portion of sales supporting arts education. Additionally, a sweepstakes will offer further donations and prizes to promote youth artistic engagement.
Mondelēz International (Nasdaq: MDLZ) has announced the pricing of a cash Tender Offer to purchase up to $850 million of its debt securities. Due to high demand, this amount will increase to approximately $1.03 billion to accommodate all valid tenders. The offer includes various Notes with specific acceptance priority levels, allowing for pro-rated acceptance on certain securities. The Tender Offer aims to enhance capital structure and improve balance sheet efficiency, with settlement set for March 18, 2022.
Mondelēz International (Nasdaq: MDLZ) announced early tender results for its cash Tender Offer, amounting to $850 million for various debt securities. As of the Early Tender Date on March 16, 2022, approximately $1.41 billion in U.S. Notes and £206 million in Pound Sterling Notes were tendered. The company intends to increase the Maximum Tender Amount to accept all validly tendered Notes up to priority level 9, except for 2030 Notes, which will be accepted on a prorated basis due to exceeding the set SubCap. Settlement is scheduled for March 18, 2022.
Mondelēz International (Nasdaq: MDLZ) has announced that it will redeem its outstanding 0.625% Notes due 2022 on March 18, 2022. The redemption price is set at $1,000.11 per $1,000 principal amount, with additional accrued interest of $1.336806, totaling $1,001.446806. This action follows the Indenture established on March 6, 2015, and subsequent amendments. The company reported 2021 net revenues of approximately $29 billion, highlighting its prominent position in the global snack market.
Mondelēz International (Nasdaq: MDLZ) announced the redemption of $1 billion 0.625% Notes due 2022, effective March 18, 2022. The redemption price will be determined based on the principal amount or present value of scheduled payments discounted at the Treasury Rate plus 10 basis points. The company expects to publish actual redemption prices on its investor website once determined. In 2021, Mondelēz reported net revenues of approximately $29 billion, continuing its global leadership in snacks.