Mondelez Intl Stock Price, News & Analysis

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.

On August 24, 2020, Mondelēz International (NASDAQ: MDLZ) announced that its CEO Dirk Van de Put and CFO Luca Zaramella will participate in a Q&A session at the Barclays Global Consumer Staples Conference on September 9, 2020, at 10:40 am ET. A live audio webcast will be accessible through the company's investor website, with an archived version available afterward. Mondelēz International reported approximately $26 billion in net revenues for 2019, offering iconic brands worldwide, including OREO and Cadbury.

On August 11, 2020, Mondelēz International announced the opening of the first-ever SOUR PATCH KIDS store in New York City, marking 35 years of the brand's presence. Located at Bond Street and Broadway, this permanent store features interactive experiences, a Sweets Bar, and customizable candy mix stations. Visitors can also purchase exclusive merchandise. The store prioritizes visitor safety by implementing social distancing measures and sanitation practices. This initiative reflects Mondelēz's commitment to engaging consumers and expanding brand presence in the confectionery market.

Mondelēz International (MDLZ) reported Q2 2020 net revenues of $5.91 billion, a 2.5% decline due to unfavorable currency impacts. However, Organic Net Revenue grew by 0.7%. Diluted EPS fell 30.9% to $0.38, impacted by costs related to the JDE Peet's IPO. Adjusted EPS was $0.63, reflecting a 16.1% increase on a constant-currency basis. The company generated $1.6 billion in cash from operations, marking a $0.5 billion improvement year-over-year, and returned $410 million to shareholders through dividends, announcing an 11% increase in quarterly dividends.

On July 16, 2020, Trident Gum collaborated with T-Pain to launch the #ChewTunes campaign, encouraging consumers to create custom beats through an Instagram filter. Participants aged 16 and older can enter a sweepstake for a chance to win a trip to the 63rd GRAMMY Awards or a cash prize of $10,500. The limited edition Chew Tunes packs feature four flavors, each linked to a unique instrumental sound. The campaign runs until November 1, 2020, with various instant win prizes available at chewtunes.com.

Mondelēz International (NASDAQ: MDLZ) will announce its Q2 2020 financial results on July 28, 2020, at 4:05 p.m. ET. The conference call for investors will take place at 5:00 p.m. ET, with access via phone or a live webcast. Participants are urged to join early to ensure access. A replay will be available until July 30, 2020. Mondelēz, with net revenues of approximately $26 billion in 2019, is recognized in over 150 countries and is associated with brands like OREO, Cadbury, and Trident gum. Investors can follow the event updates via Twitter.

RITZ introduces RITZ Cheese Crispers, a new snack made with real cheese, available in Cheddar and Four Cheese & Herb flavors. The product features a light, crispy texture through a unique baking process, targeting snack lovers. A multimillion-dollar marketing campaign will launch this month to promote the product. RITZ Cheese Crispers are available at major retailers nationwide for an SRP of $3.62, expanding Mondelēz International's portfolio, which includes popular snacks like Oreo and Cadbury.

Mondelēz International (NASDAQ: MDLZ) has announced that Executive Vice President Glen Walter will present at the Evercore ISI Virtual Consumer & Retail Summit on June 16, 2020, at 8:00 a.m. ET. A listen-only webcast will be available on the company's website, and a replay will be accessible later. Mondelēz is a leader in the global snack market, with 2019 net revenues of approximately $26 billion, featuring well-known brands like OREO, Cadbury, and Trident.