Mondelez Intl Stock Price, News & Analysis

Mondelēz International reported Q3 2020 net revenues of $6.665 billion, up 4.9% year-over-year, driven by 4.4% organic growth. Diluted EPS decreased to $0.78, down 20.4%, while adjusted EPS remained flat at $0.63. Year-to-date, cash provided by operating activities was $2.3 billion, an increase of $0.4 billion from the previous year. The company returned $0.4 billion to shareholders via dividends. For 2020, Mondelēz anticipates organic revenue growth of over 3.5% and adjusted EPS growth of over 5% on a constant-currency basis, despite currency headwinds.

Mondelēz International (MDLZ) has announced a cash Tender Offer to purchase up to $1 billion of its debt securities. As of the Early Tender Date on October 14, 2020, the company accepted $949.67 million of notes from various holders. The Total Consideration for these notes includes an early tender premium of $30 per $1,000 principal amount. Settlement for accepted notes is scheduled for October 16, 2020. The Tender Offer is part of Mondelēz's strategy for managing its debt obligations and optimizing its financial position.

Mondelēz International announced the early tender results for its cash Tender Offer totaling up to $1 billion for various debt securities. By the Early Tender Date, holders had validly tendered $949.67 million in aggregate principal amount of Notes. To accommodate all valid tenders, Mondelēz increased both the Maximum Tender Amount and the Group 2 SubCap. The settlement for accepted Notes will occur on October 16, 2020, including an early tender premium of $30 per $1,000 principal amount.

Mondelēz International (NASDAQ: MDLZ) will release its third-quarter 2020 financial results on November 2, 2020, at 4:05 p.m. ET. A conference call will follow at 5:00 p.m. ET, where investors can participate via phone or listen to a live webcast at their official website. The call will be available for replay until November 4, 2020.

The company reported approximately $26 billion in net revenues for 2019, showcasing a robust portfolio that includes well-known brands like OREO and Cadbury Dairy Milk.

The SOUR PATCH KIDS brand is reinventing Halloween in 2020 with a unique reverse trick-or-treating initiative. Starting October 8, they will select 12 cities for contactless candy deliveries on Halloween night. This initiative addresses concerns due to COVID-19, as many families opt for indoor celebrations. Participants can suggest their cities via Instagram for a chance to receive a SOUR PATCH KIDS Halloween package, including SOUR PATCH KIDS Zombies candy and branded toilet paper. The campaign emphasizes creativity and safety during the holiday season.

Mondelēz International has inaugurated a new cocoa crop science technical center in Pasuruan, Indonesia, aimed at enhancing sustainable cocoa farming practices. This facility supports the company's commitment to a sustainable future for high-quality cocoa, driven by collaboration with farming communities and industry partners. With Asia becoming a significant consumer of cocoa, the center bolsters Mondelēz's Cocoa Life program, which has benefited over 175,000 cocoa farmers globally, including 43,000 in Indonesia. Currently, 63% of cocoa for Mondelēz's chocolate brands is sourced through this initiative.

Mondelēz International announced a $1 billion cash Tender Offer to purchase debt securities, representing an effort to manage its debt portfolio effectively. The offer is subject to accepting validly tendered notes within specified parameters and conditions, including maximum sub-caps for various note groups. Key dates include the Early Tender Date on October 14, 2020, and the Expiration Date on October 28, 2020. The success of the offer hinges on the completion of necessary debt financing, which remains uncertain.

Mondelēz International (NASDAQ: MDLZ) has announced its commitment to sourcing 80% of its palm oil sustainably by Q1 2021. The new requirements mandate traceability to plantations and satellite monitoring for all palm oil mills in its supply chain. Suppliers must ensure no deforestation and forced labor, confirmed through third-party audits. These measures aim to enhance transparency and align with the Consumer Goods Forum #Forestpositive Coalition's goals. Mondelēz has maintained 100% RSPO palm oil coverage since 2018 and is dedicated to eliminating unsustainable practices.

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.