Mondelez Intl Stock Price, News & Analysis

Mondelēz International (NASDAQ: MDLZ) announced that its Chairman and CEO, Dirk Van de Put, along with CFO, Luca Zaramella, will be presenting at the Consumer Analyst Group of New York (CAGNY) Virtual Conference. The event is scheduled for February 16, 2021, at 1:50 p.m. ET. Investors and interested parties can access a live webcast of the presentation on the company's website, with a replay also available afterward. Mondelēz International is a leader in the snack industry, generating approximately $27 billion in net revenues in 2020 and offering popular brands like OREO, Cadbury, and Trident.

Mondelēz International reported a 2.8% increase in net revenues for FY 2020, driven by a 3.7% growth in Organic Net Revenue. However, diluted EPS decreased 8.2% to $2.47, while adjusted EPS rose 6.5% on a constant-currency basis. Free Cash Flow reached $3.1 billion, up $0.1 billion year-over-year. In Q4 2020, net revenues improved by 5.6%, with a diluted EPS of $0.80, a 60.0% increase. The company returned $3.1 billion to shareholders throughout the year, including a resumption of share repurchases.

Hometown Food Company announces the launch of the Funfetti® OREO® baking line, combining two beloved brands. Available starting February 2021, the lineup includes five products featuring real OREO® cookie pieces: vanilla and chocolate cake mixes, frosting, brownie mix, and pancake & waffle mix. To celebrate, a digital baking contest with judges Duff Goldman and Matthew Merril will take place. Participants can submit entries until January 26, with winners announced in March. Retail prices will range from $1.30 to $4.00.

Mondelēz International (NASDAQ: MDLZ) is set to release its fourth quarter 2020 financial results on January 28, 2021, at 4:05 p.m. ET. A conference call will follow at 5:00 p.m. ET, with participants encouraged to join at least 10 minutes early. A listen-only webcast will be available on the company's website, and a replay will be accessible until January 30, 2021. In 2019, MDLZ reported net revenues of approximately $26 billion, leading the snacking industry with popular brands like OREO and Cadbury Dairy Milk.

Mondelēz International (NASDAQ: MDLZ) has acquired Hu Master Holdings, parent company of Hu Products, a fast-growing snacking company known for its premium snacks with simple ingredients. The acquisition, effective January 4, 2021, follows Mondelēz's minority investment in Hu in April 2019. This move aims to enhance Mondelēz's North American snacking portfolio, leveraging Hu’s successful brand and premium product offerings, including chocolate and grain-free crackers. Financial terms of the deal were not disclosed.

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.