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) 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.
Summary not available.
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.
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.