Mondelēz International, Inc. (MDLZ) - NASDAQ
  • Yesterday, 11:05 AM
    • Among consumer stocks covered by Susquehanna, the analysts say Mondelez (MDLZ -4.3%) and Coca-Cola European Partners (CCE -5.4%), along with Sodastream (SODA -2.7%), have the greatest earnings downside from a euro and pound that have gotten, well, pounded.
    • The euro is currently down 2.3% against the dollar, while the pound is down 8.5%.
    • "For those seeking to buy the dip, we would prefer MDLZ over CCE," the firm says, noting that 100% of CCE's revenues are exposed to those two currencies, it faces structural risks, and Coca-Cola's 48% ownership of CCE makes it an unlikely acquisition target.
    • Acquisitive companies with U.S. dollar assets could go hunting in Europe, the analysts say, pointing to likely suitor Kraft Heinz (KHC -1.8%) -- a top pick for the firm, along with TreeHouse Foods (THS -0.6%) and Molson Coors (TAP -3.3%).
    • Meanwhile, the possible ascendance of UKIP leader Nigel Farage in the UK or "anything that makes a Donald Trump presidency more likely" is bad for Mexico-heavy Constellation Brands (STZ -1.2%).
    | Yesterday, 11:05 AM | 3 Comments
  • Wed, Apr. 27, 8:15 AM
    • Mondelez International (NASDAQ:MDLZ) announces that organic revenue rose 2.1% in Q1. The gain consisted of a 2.8 percentage point impact from pricing to help offset the 70 bp volume/mix drag. Sales were down 17% on a reported basis on significant F/X pressure..
    • Organic revenue was higher across all regions, led by a 4.5% increase in the Eastern Europe, Middle East & Africa business. Emerging markets reported organic revenue growth of 3.6%, while developed markets was also positive with a 1.3% gain. Power Brands delivered a 3.8% increase in organic revenue.
    • Adjusted operating income margin rate +240 bps to 15.1%.
    • "We significantly expanded margins by continuing to reduce supply chain and overhead costs," noted CEO Irene Rosenfeld.
    • Previously: Mondelēz beats by $0.09, beats on revenue (April 27)
    • MDLZ +2.56% premarket to $43.59.
    | Wed, Apr. 27, 8:15 AM | 10 Comments
  • Wed, Feb. 3, 11:27 AM
    • Susquehanna dug down into Mondelez International's (MDLZ -7.2%) guidance in a fresh note to investors.
    • The investment firm notes Mondelez's organic growth estimate of +2% is below its estimate of 4%, even with the F/X impact in-line with expectations.
    • EBIT margin of 15% to 16% looks "disappointing" to analyst Pablo Zuniac.
    • A 2018 target of operating income margin of 17% to 18% looks a tad "ambitious" to Susquehanna.
    • Previously: Mondelēz misses by $0.02, beats on revenue (Feb. 03 2016)
    • Previously: Mondelēz down post Q4 results (Feb. 03 2016)
    | Wed, Feb. 3, 11:27 AM | 2 Comments
  • Wed, Feb. 3, 9:09 AM
    • Mondelēz (NASDAQ:MDLZ) reports organic net revenue growth of 4.7% in Q4.
    • Power brands organic net revenue grew 5.5%.
    • Organic net revenue from emerging markets +12.4% and developed markets +0.1%.
    • Revenue break-up: Latin America: $1.258B (+1.5%, Organic net revenue: +23.8%); Asia Pacific: $1.082B (-5.5%, Organic net revenue: +1.2%); Eastern Europe,Middle East& Africa: $636M (-29.2%, Organic net revenue: +5.4%); Europe: $2.565B (-31.8%, Organic net revenue: -1.1%); North America: $1.823B (+2.1%, Organic net revenue: +2.6%).
    • Adjusted gross profit margin rate improved 280 bps to 38.8%.
    • Adjusted operating margin rate grew 120 bps to 13.9%.
    • FY2016 Guidance: Organic net revenue: At least 2%; Adjusted operating income margin rate: 15% to 16%; Adjusted EPS: double-digit growth on a constant currency basis.
    • MDLZ -4.39% premarket.
    | Wed, Feb. 3, 9:09 AM | 1 Comment
  • Oct. 28, 2015, 8:06 AM
    • Mondelēz (NASDAQ:MDLZ): Q3 EPS of $0.42 beats by $0.01.
    • Revenue of $6.85B (-17.9% Y/Y) beats by $40M.
    • Shares +3.9% PM.
    | Oct. 28, 2015, 8:06 AM | 1 Comment
  • Oct. 23, 2015, 9:58 AM
    • M&A talk in the food sector could set off a chain reaction, according to analysts.
    • Kellogg's (K +0.2%) interest in Diamond Foods (DMND +6.6%) and a play by Treehouse Foods (THS +3.1%) for Ralcorp are in advanced stages, but other companies which could be drawn into talks include Boulder Brands (BDBD +0.5%), Amplify Snack Brands (BETR +1.7%), Mondelez International (MDLZ -0.1%), Campbell Soup (CPB +0.1%) and Hain Celestial Group (HAIN +0.4%).
    • Private-label brands in particular may look appetizing to larger food companies.
    • Previously: Reuters: TreeHouse in talks to buy Ralcorp from ConAgra (Oct. 22 2015)
    • Previously: NY Post: Kellogg close to Diamond Foods buyout (Oct. 23 2015)
    • Related ETF: PBJ
    | Oct. 23, 2015, 9:58 AM | 6 Comments
  • Sep. 16, 2015, 11:01 AM
    • A statement from Anheuser-Busch InBev (BUD +5%) indicates the company must make a formal offer for SABMiller (OTCPK:SBMRY +19.5%) before October 14 or take a pass on the mega-merger to stay in compliance with U.K. law.
    • There's a ripple effect with beer stocks circling the globe that includes distributors such as Compania Cervecerias Unidas (CCU +3.1%), Fomento Economico Mexicano (FMX +1.8%), AmBev (ABEV +2.1%).
    • Another intriguing aspect of a potential A-B takeover of SABMiller is the side effects on the food industry if 3G Capital is fully engaged on the deal. 3G is a major player in food mergers and a factor in how investors value companies such as Mondelez International (MDLZ +0.2%), PepsiCo (PEP +0.4%), TreeHouse Foods (THS +0.1%), Campbell Soup (CPB +1.9%), JM Smucker (SJM +1.1%), and other food names.
    • A-B InBev statement (.pdf)
    • Previously: AB InBev prepping offer for SABMiller
    • Previously: Beer stock rally with M&A on tap
    | Sep. 16, 2015, 11:01 AM | 7 Comments
  • Aug. 14, 2015, 1:44 PM
    • Nestle (OTCPK:NSRGY, OTCPK:NSRGF) or General Mills (GIS +0.5%) could make a run at Mondelez International (MDLZ +0.9%) with Berkshire Hathaway and 3G effectively taking themselves out of the bidding process for a few years due to the Kraft-Heinz merger, speculates The Deal.
    • A buyer of Mondelez will have to be heavy hitter due to the company's estimated enterprise value of +$90B. PepsiCo (PEP +0.3%) fits the bill and has Nelson Peltz backing the play, but has a board and CEO seemingly uninterested.
    | Aug. 14, 2015, 1:44 PM | 26 Comments
  • Aug. 6, 2015, 9:15 AM
    | Aug. 6, 2015, 9:15 AM | 9 Comments
  • Jul. 30, 2015, 8:15 AM
    • Margins were on the move at Mondelez International (NASDAQ:MDLZ) in Q2.
    • Adjusted operating income margin +270 bps to 15.2%. The company says its on track to meet a 2016 operating income margin target of 15%-16%.
    • Latin America organic revenue +19.7% off solid pricing trends.
    • North America organic revenue +0.3%.
    • Asia Pacific organic revenue +3.0%.
    • Guidance: Mondelez increases full-year organic revenue guidance to +3% from +2%.
    • Previously: Mondelēz beats by $0.08, beats on revenue
    • MDLZ +4.06% premarket to $44.85.
    | Jul. 30, 2015, 8:15 AM | 2 Comments
  • Jul. 30, 2015, 8:03 AM
    • Mondelēz (NASDAQ:MDLZ): Q2 EPS of $0.47 beats by $0.08.
    • Revenue of $7.67B (-9.1% Y/Y) beats by $180M.
    • Shares +3.9% PM.
    | Jul. 30, 2015, 8:03 AM
  • Apr. 29, 2015, 8:20 AM
    • Mondelez International (NASDAQ:MDLZ) reports revenue was impacted by a whopping 14.5 percentage points in Q1.
    • The company cut into the F/X challenge a bit with solid pricing and strong organic growth in emerging markets.
    • Gross margin rate +80 bps to 37.9% as reported.
    • Operating income margin +60 bps to 10.4%.
    • Guidance: Organic revenue growth of at least 2% is forecast for 2015 and double-digit EPS growth (constant currency). The strong U.S. dollar is expected to knock off 12 full percentage points from sales growth and $0.33 from EPS during the year.
    • Previously: Mondelēz beats by $0.03, beats on revenue
    • MDLZ +3.99% premarket to $38.27.
    | Apr. 29, 2015, 8:20 AM
  • Mar. 26, 2015, 12:37 PM
    • Deutsche Bank thinks 3G Capital will be back in the food sector for a major acquisition faster than some other investment firms anticipate.
    • 3G put itself in a stronger position to make a major purchase by not adding debt in the Kraft deal.
    • Analyst Eric Katzman sees some food names trading with a premium as the 3G shadow hangs over the sector, while others have downside risk with M&A speculation not making as much sense.
    • Premium on: ConAgra (NYSE:CAG), General Mills (NYSE:GIS), Mondelez International (NASDAQ:MDLZ), Pinnacle Foods (NYSE:PF), PepsiCo (NYSE:PEP).
    • Premium off: Campbell Soup (NYSE:CPB), Hershey (NYSE:HSY), Hormel (NYSE:HRL), Kellogg (NYSE:K), J.M. Smucker (NYSE:SJM).
    • Previously: Investors snapping up food stocks (Mar. 25 2015)
    • Previously: Beer fallout from Kraft buyout (Mar. 25 2015)
    • Previously: Kraft-Heinz merger has a few ETFs on the move (Mar. 25 2015)
    | Mar. 26, 2015, 12:37 PM | 11 Comments
  • Mar. 25, 2015, 7:07 AM
    • Food stocks could see a lift today after a high-profile merger between Kraft and Heinz was announced.
    • The sector has been identified by analysts as a likely hotbed for consolidation.
    • Early premarket gainers include Mondelez International (NASDAQ:MDLZ) +2.1%, General Mills (NYSE:GIS) +1.0%, and Campbell Soup (NYSE:CPB) +0.4%.
    • Previously: Kraft, Heinz announce merger
    | Mar. 25, 2015, 7:07 AM
  • Mar. 24, 2015, 9:34 PM
    • Kraft (NASDAQ:KRFT) finished AH trading at $71.44 following a WSJ report stating the company is in talks to sell itself to P-E firm 3G Capital. Mondelez (NASDAQ:MDLZ) rose 3.3% to $36.18, and ConAgra (NYSE:CAG) rose 1.9% to $35.27.
    • The WSJ has added more details. Sources state a deal could be announced soon, and that 3G would use previously-acquired Heinz to make the purchase. It now calls buyout talks "advanced," and highlights 3G's track record of aggressively cutting costs at consumer companies it has acquired.
    • The paper speculates Kraft "could be valued at well over $40 billion," given typical M&A premiums. The food/beverage giant closed AH with a $42.6B market cap.
    | Mar. 24, 2015, 9:34 PM | 18 Comments
  • Mar. 6, 2015, 10:46 AM
    • Global consumer staples stocks are weaker than market averages as concerns on market pricing and F/X sit in the background.
    • The 1.21% gain in the U.S. Dollar Index isn't going unnoticed by traders.
    • Notable decliners include General Mills (NYSE:GIS) -1.6%, Colgate-Palmolive (NYSE:CL) -2.0%, Unilever (NYSE:UL) -1.9%, General Mills (GIS) -1.8%, Mondelez International (NASDAQ:MDLZ) -1.9%, Post Holdings (NYSE:POST) -1.8%, Hershey (NYSE:HSY) -1.8%, Coca-Cola (NYSE:KO) -1.2%.
    • The Consumer Staples ETF (NYSEARCA:XLP) is down 1.2% versus S&P 500 -0.4%.
    • Other staples ETFs: VDC, FXG, RHS, FSTA, PSL, PSCC
    | Mar. 6, 2015, 10:46 AM | 5 Comments
Company Description
Mondelez International, Inc. is engaged in the manufacturing and marketing of snack food and beverage products, which include biscuits such as cookies, crackers and salted snacks, chocolate, gum & candy, coffee & powdered beverages and various cheese & grocery products. It operates its business... More
Industry: Food - Major Diversified
Country: United States