Mondelēz International, Inc. (MDLZ) - NASDAQ
  • Yesterday, 8:19 AM
    • Organic revenue was up 1.5% for Mondelez International (NASDAQ:MDLZ) in Q2. On a reported basis, revenue was down 17.7% during the quarter, led by a 27% fall in Europe and 32% decline in Latin America.
    • Gross profit margin rate -10 bps to 39.9%. Operating income margin rate -90 bps to 10.1%.
    • The company says it used pricing in some markets to offset higher input costs. A move to "zero-based budgeting" also helped to pad the bottom line.
    • Mondelez sees full-year organic revenue growth of ~2% and EPS of $0.03 to $0.05. Looking ahead, the launch of Milka chocolate in China and e-commerce investments are expected to pay off.
    • Previously: Mondelēz beats by $0.04, misses on revenue (July 27)
    • MDLZ -1.13% premarket to $44.74.
    | Yesterday, 8:19 AM
  • Yesterday, 8:03 AM
    • Mondelēz (NASDAQ:MDLZ): Q2 EPS of $0.44 beats by $0.04.
    • Revenue of $6.3B (-17.8% Y/Y) misses by $40M.
    • Shares +1.39% PM.
    • Press Release
    | Yesterday, 8:03 AM | 1 Comment
  • Mon, Jul. 25, 8:54 AM
    • Mondelez International (NASDAQ:MDLZ) is higher in early trading with a clearer path ahead of the company in its pursuit of Hershey.
    • Susquehanna upgrades shares to Positive off the new developments.
    • Analyst Pablo Zuanic estimates cost and top line synergies would create 25-30% upside for Mondelez if a deal is finalized. Even if the deal falls through, Zuanic reasons that Mondelez could be a target itself in the rapidly consolidating food sector.
    • Previously: Hershey Trust settling with state attorney general over governance (July 22)
    • MDLZ +1.11% premarket to $45.63.
    | Mon, Jul. 25, 8:54 AM
  • Thu, Jun. 30, 2:31 PM
    | Thu, Jun. 30, 2:31 PM | 64 Comments
  • Thu, Jun. 30, 10:54 AM
    • Hershey (NYSE:HSY) is now up 19.4% after reports of a buyout offer by food giant Mondelez (MDLZ +1.8%).
    • Terms of a deal aren't known, but Hershey is worth $21B and Mondelez nearly $70B, and the combination would unite a well-known American candy brand with the maker of Cadbury chocolates.
    • Any deal depends on the approval of the Hershey Trust (holders of 81% of its votes), which has opposed selling in the past.
    • Mondelez is trying to make a compelling case, though, promising to relocate its chocolate HQ to Hershey, Pa., and rename itself Hershey.
    • Updated 12:29 p.m.: Hershey shares halted again for news.
    | Thu, Jun. 30, 10:54 AM | 31 Comments
  • Thu, Jun. 30, 10:36 AM
    • Mondelez (NASDAQ:MDLZ), the food giant that had been carved out of Kraft Foods, has made a takeover bid for Hershey (NYSE:HSY), The Wall Street Journal reports.
    • Hershey shares are up 7.6% in response.
    • MDLZ is up 1.4% today.
    • Updated 10:39 a.m.: Coming off a halt, Hershey is now up 17.5% to $114.09.
    • Updated 10:45 a.m.: Hershey halted again, up 21.3%.
    • Developing story ...
    | Thu, Jun. 30, 10:36 AM | 56 Comments
  • Mon, Jun. 27, 6:23 PM
    • A lawsuit filed by options and future traders charging Kraft Heinz (KHC -0.1%) and Mondelez (MDLZ -2.1%) with price rigging will be allowed to proceed following a federal judge's ruling.
    • The traders say the food giants illegally manipulated the price of wheat at their expense. At issue is a large late 2011 purchase of wheat futures that the plaintiffs say violates Sherman antitrust law and the Commodity Exchange Act.
    • That charge moves forward, though a related claim that the two companies ran "wash trades" for a decade to hide manipulation was dismissed (and can be brought again).
    • The case is similar to allegations raised by the Commodity Futures Trading Commission, which had previously noted Kraft Foods bought $90M in wheat futures in December 2011 to take a dominant position in the market without ever intending to take possession of the wheat.
    | Mon, Jun. 27, 6:23 PM | 3 Comments
  • Fri, Jun. 24, 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%).
    | Fri, Jun. 24, 11:05 AM | 4 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
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