Mondelez Intl Stock Price, News & Analysis

Mondelēz International has named Laura Stein as the new EVP, General Counsel, Corporate & Legal Affairs, effective January 11. She succeeds Gerd Pleuhs, who is retiring after over 35 years with the company. Stein, who has 20 years of public company experience, previously served at The Clorox Company and H.J. Heinz Company. She will oversee global legal, compliance, and sustainability agendas, reporting directly to Dirk Van de Put, CEO. This leadership change aims to strengthen the company’s commitment to its growth strategy and ESG initiatives.

The Board of Directors of Mondelēz International (NASDAQ: MDLZ) declared a quarterly dividend of $0.315 per share, payable on January 14, 2021, to shareholders of record as of December 31, 2020.

Additionally, the Board approved a $4 billion increase to its share repurchase program, extending it for three years, now set to expire on December 31, 2023. The total authorization for share repurchases now stands at approximately $6 billion, allowing flexible buybacks based on market conditions.

Mondelēz International (NASDAQ: MDLZ) announced the redemption of its 3.625% Notes due 2023, effective December 4, 2020. The Redemption Price per $1,000 principal amount is set at $1,076.75, plus accrued interest of $2.71875, totaling $1,079.47. This announcement follows the regulations established in the 2015 Base Indenture, with Deutsche Bank Trust Company as the trustee. Mondelēz, a leader in the snacking industry, generated approximately $26 billion in net revenues in 2019, featuring brands like OREO and Cadbury Dairy Milk.

Mondelēz International (NASDAQ:MDLZ) announced that CEO Dirk Van de Put and CFO Luca Zaramella will join a fireside chat at the Morgan Stanley Virtual Global Consumer & Retail Conference on December 3, 2020, at 3 pm ET. A live audio webcast will be accessible on the company's investor website, and an archive will also be available post-event. With net revenues of about $26 billion in 2019, Mondelēz operates in over 150 countries, offering iconic brands like OREO, Cadbury, and Trident.

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.