Mondelez Intl Stock Price, News & Analysis

Chips Ahoy!, America's #1 chocolate chip cookie brand, introduces Chips Ahoy! Big Chewy Cookie, a new product line over three times the size of their Regular Chewy cookies. Designed for on-the-go snacking and Gen-Z consumers, these individually wrapped cookies feature chocolatey chips four times larger than the original.

Available in three flavors: Classic, Chocolatey Brownie, and Chocolatey Caramel, the new Big Chewy Cookies offer a bigger, more indulgent bite. Rolling out nationwide in October, each 2.5 oz pack will be sold at convenience stores for an SRP of $2.29.

Jen Levin, Senior Brand Manager for Chips Ahoy! US, emphasizes the brand's commitment to innovation and meeting consumer needs, stating that the bigger size allows for sharing with friends while delivering indulgence and happiness in each bite.

Mondelēz International (Nasdaq: MDLZ) has announced the launch of a new platform to enhance its global marketing capabilities and optimize consumer experiences through expanded use of artificial intelligence (AI) and generative AI (gen AI). Collaborating with Accenture and Publicis Groupe, the platform will enable faster, more efficient creation of personalized content.

Accenture will establish a strong digital core for real-time data processing and help scale the platform through employee training. Publicis Groupe will lead execution and build the gen AI foundation for creative assets. The platform aims to empower Mondelēz marketers to drive innovation, gather insights, improve processes, and enhance personalization at consumer touchpoints.

The development will follow a responsible AI framework to ensure ethical and legally compliant use.

Mondelēz International has announced an agreement to acquire a significant majority stake in Evirth, a leading manufacturer of cakes and pastries in China. This acquisition aligns with Mondelēz's strategy to accelerate growth in the cakes and pastries category, alongside chocolate and biscuits. Evirth, founded in 2013, is a leader in the frozen-to-chilled cakes and pastries market in China, estimated at US $3 billion and growing at about 15% annually.

Mondelēz already holds a minority investment in Evirth, collaborating on products featuring iconic brands like Oreo and Philadelphia. The acquisition aims to meet the rising demand for fresh, premium offerings, especially among younger consumers in top-tier Chinese cities. It builds upon Mondelēz's previous acquisitions in the baked snacks sector, including Give & Go in North America and Chipita Global SA in Central and Eastern Europe.

International Delight, a leading coffee and creamer brand, is launching the Sweet Ride Sweepstakes for National Coffee Day. From September 29 to November 10, 2024, fans can enter at InternationalDelightCarSweeps.com for a chance to win a new car and a year's supply of International Delight Iced Coffee. Additionally, consumers can get 100% cash back on qualified purchases of International Delight Iced Coffee through the Ibotta app, while supplies last.

International Delight Iced Coffee cans are available in five flavors, including partnerships with REESE'S and OREO®. The product is sold at select convenience, grocery, and dollar stores nationwide for a suggested retail price of $2.68 per 15-ounce can.

Mondelēz International has announced a significant advancement in sustainable packaging for its Triscuit Crackers brand in the U.S. and Canada. The company will now source plastic linked to advanced recycling technology for the majority of Triscuit SKUs, contributing to its goal of achieving about 5% recycled plastic content by 2025. Up to 50% of the plastic used in the protective bag-in-box liner films can be attributed to this technology through the ISCC PLUS certified mass balance approach.

This initiative aims to divert over one million pounds of plastic waste from landfills per year. The outer box is already made from 100% recycled paperboard. Mondelēz has partnered with Berry Global Group and LyondellBasell for this effort. The Triscuit brand is also working towards sourcing wheat more sustainably and supporting monarch butterfly conservation and future farmers.

Mondelēz International's 2023 Snacking Made Right Report highlights the company's efforts to advance a more circular economy for packaging. The report focuses on three key areas: reducing packaging, evolving packaging, and improving systems. Mondelēz aims to reduce virgin plastic use by 5% by 2025 and has already reduced its plastic packaging footprint by 2.3% versus 2020. The company has made significant progress in designing recyclable packaging, with approximately 96% of its packaging now designed to be recyclable. Mondelēz is also collaborating with industry partners and investing in innovative recycling technologies to improve collection and recycling systems globally.

Mondelēz International has released its 2023 Snacking Made Right Report, highlighting significant progress in waste reduction. The company has exceeded its 2025 goals, achieving a 28% reduction in food waste at manufacturing sites and a 69% reduction in food waste from distribution. Key initiatives include:

- Implementing Lean Six Sigma practices and digital solutions
- Tracking waste trends monthly and analyzing for reduction opportunities
- Focusing on making production lines more efficient
- Partnering with the Too Good To Go app to reduce waste from best-before dates
- Donating surplus products to Matmissionen Supermarkets in Sweden

Mondelēz continues to prioritize food waste elimination through prevention and reduction programs, collaborating with key partners to drive further improvements.

Mondelēz International has selected 10 start-ups for its second CoLab Tech accelerator program, focusing on innovative technologies in snacking. The program, led by Mondelēz's R&D team, aims to advance the company's 'Vision 2030' growth agenda by identifying and scaling emerging technologies.

The selected companies offer solutions in areas such as cocoa processing, well-being snacks, sustainable packaging, and enhanced sensory experiences. Notable participants include Bread Free (gluten-free technology), Enginzyme (prebiotic sugar), and Kokomodo (cell-cultured cocoa).

This initiative aligns with consumer trends, as Mondelēz's 2024 State of Snacking Report shows that 60% of consumers increasingly prefer snacks to traditional meals. The 8-week program provides participants with mentorship, resources, and access to Mondelēz's global network to help scale their technologies.

Incredible Group has launched a new line of Squishi and scented products featuring SOUR PATCH KIDS™, OREO™, and SWEDISH FISH™ brands. These meticulously crafted, squishy toys offer maximum squishiness, durability, and a multisensory experience with vibrant colors, playful designs, and enticing scents. The collection will be available at various retailers across Canada and the United States starting this summer.

Saul Sacks, President of Incredible Group, expressed excitement about the new product line, emphasizing its ability to capture the essence of beloved brands while delivering a unique sensory experience. Melissa Renny, Sr. Director Licensing at Mondelez International (MDLZ), also shared enthusiasm for the partnership, highlighting the creative approach to bringing their brands to life in a new format.