Designates AWS as a strategic cloud provider, accelerating its cloud transformation journeyCHICAGO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- Mondelēz International (Nasdaq: MDLZ) has entered a strategic partnership with Amazon Web Services (AWS) to enhance digital innovation across the company. Mondelēz has designated AWS as its strategic cloud provider and has already migrated hundreds of workloads. Leveraging AWS’s industry leading cloud infrastructure and services, Mondelēz will achieve greater security, agilit ...

Mondelez International, Inc. (MDLZ) has been making strategic moves to aid overall growth. The company has been committed to reshaping its portfolio through prudent acquisitions and divestitures, alongside increasing focus on areas with high-growth potential. Mondelez’s healthy cash flows enable it to undertake shareholder-friendly activities. In the latest update, the company’s board has approved a new share repurchase authorization of up to $9 billion of its Class A common stock. This is effective Jan. 1, ...

Beloved bite-sized snack rolls out its first new flavor in nearly a decade, offering up a mouthwatering blend of spicy and cheesy in each crunchy biteEAST HANOVER, N.J., Dec. 12, 2024 /PRNewswire/ -- For the first time in nearly a decade, RITZ Bits Cracker Sandwiches are introducing a brand-new flavor to heat things up: Spicy Queso. Offering a savory, flavorful taste, RITZ Bits Spicy Queso Cracker Sandwiches are a delicious addition to spice up your snack collection – whether you're munching at home or snac ...

In a move that could reshape the global confectionery landscape, Mondelez International, Inc. (MDLZ) is exploring the acquisition of iconic chocolate maker The Hershey Company (HSY) , per media sources. If finalized, the acquisition would create one of the world's largest confectionery companies.This acquisition, if successful, would significantly strengthen Mondelez’s position in the U.S. chocolate market. Hershey's established dominance would complement Mondelez's global presence, particularly its Europea ...

Core Points - Mondelēz International, Inc. has approved a new share repurchase authorization of up to $9 billion for Class A common stock, effective January 1, 2025, replacing the current $6 billion authorization [1][4] - The company declared a regular quarterly dividend of $0.47 per share, payable on January 14, 2025, to shareholders of record as of December 31, 2024 [2] - Mondelēz remains committed to its capital allocation priorities, including reinvestment in brands, share repurchases, dividends, and bolt-on acquisitions [3][4] Financial Overview - The new share repurchase authorization will be effective until December 31, 2027, with approximately $2.8 billion remaining from the previous authorization [1] - In 2023, Mondelēz reported net revenues of approximately $36 billion, indicating a strong market position in the snacking industry [5] Strategic Focus - The company emphasizes its strategy of accelerating growth and focusing on resilient categories such as chocolate, biscuits, and baked snacks [4] - Recent acquisitions include Chipita, Clif, and Ricolino, reflecting the company's focus on bolt-on assets [3][4]

Leadership Changes - Volker Kuhn appointed as Executive Vice President and President, Europe, effective April 1, 2025, reporting directly to Chair and CEO Dirk Van de Put [1] - Kuhn replaces Vinzenz Gruber, who is retiring effective April 1, 2025 [1] - Kuhn will join Mondelēz on January 6, 2025, to ensure a smooth transition with Gruber [1] Volker Kuhn's Background - Kuhn joins from Reckitt's hygiene business, where he delivered top- and bottom-line performance acceleration through innovation and category growth [2] - Previously served as Reckitt's Chief Transformation Officer [2] - Spent 26 years at Procter & Gamble, leading growth accelerations, turnarounds, and business transformations across multiple regions [3] - Led the successful carve-out and divestiture of Duracell from P&G to Berkshire Hathaway [3] - Expertise spans consumer products categories, including 10 years leading Pringles Snacks division in Europe [3] CEO's Perspective - Dirk Van de Put highlights Kuhn's international consumer packaged goods experience and leadership impact as key to accelerating growth in Europe [4] - Kuhn's role will focus on strengthening consumer loyalty to Mondelēz's iconic brands [4] Acknowledgment of Outgoing Leader - Van de Put thanks Vinzenz Gruber for his leadership in advancing core brands like Cadbury, Milka, and Oreo across Europe [5] - Gruber's tenure saw expansion into snack bars, cakes, and pastries, setting the business up for continued growth [5] Company Overview - Mondelēz International operates in over 150 countries with 2023 net revenues of approximately $36 billion [6] - Leading the future of snacking with iconic brands such as Oreo, Cadbury Dairy Milk, Milka, and Toblerone [6] - Member of the S&P 500, Nasdaq 100, and Dow Jones Sustainability Index [6]

Mondelez International, Inc. (MDLZ) is currently trading at a forward 12-month price-to-earnings (P/E) ratio of 19, higher than the industry average of 15.94. This inflated valuation suggests that the market is pricing in high growth expectations, but it also raises questions about whether the company can deliver results that justify such a premium. Shares of Mondelez have tumbled 9.4% in the past three months compared with the industry’s decline of 4.4%. This global snack food company trailed the broader Z ...

Mondelez International Inc (NASDAQ: MDLZ ) has good growth prospects ahead. The company’s revenue growth should benefit from additional price increases planned in the coming year. In addition, year-over-year organic growth comparisons are also becoming easier as we move intoWe focus on GARP (Growth at reasonable Price) opportunities in industrial, consumer, and technology sectors. We are among the top 50 financial experts (Out of ~39,000 tracked) as measured by Tipranks based on the consistency of our stock ...

Hi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 26 years old. In 2023 I graduated in Business Administration and I am completing my studies. My interest in financial markets started about 5 years ago when I accidentally came across a video about trading. That was the spark that introduced me to a new world, but over time I realized that it was not my path: too many charts, lines, and not very concrete concepts for a pragmatic person like me. I needed something different ...

Mondelez International, Inc. (MDLZ) reported impressive third-quarter 2024 results, with the top and bottom lines beating the Zacks Consensus Estimate and increasing year over year.Adjusted earnings were 99 cents per share, which increased 28.6% on a constant-currency (cc) basis. The metric also surpassed the Zacks Consensus Estimate of earnings of 85 cents per share. The upside was backed by solid operating gains, reduced interest expenses and taxes, as well as a lower number of shares outstanding.Find the ...