48.13 -3.00 (-5.86%)
After hours: 7:00PM EDT
|Bid||50.16 x 1200|
|Ask||51.95 x 4000|
|Day's Range||48.21 - 51.41|
|52 Week Range||41.19 - 59.96|
|Beta (5Y Monthly)||0.77|
|PE Ratio (TTM)||19.29|
|Earnings Date||Apr 27, 2020 - May 03, 2020|
|Forward Dividend & Yield||1.14 (2.38%)|
|Ex-Dividend Date||Mar 29, 2020|
|1y Target Est||61.37|
The coronavirus pandemic continues to evolve but for the time being, all of Mondelez International Inc's (NASDAQ: MDLZ) plants are operational, CEO Dirk van de Put said Wednesday's on CNBC's "Closing Bell."Every day brings some form of a new challenge to Mondelez's operations but "so far so good" and the company continues to satisfy the demand for global food products, he said. Despite some bumps in the road, the operation has been "very good for us" and there is no reason to believe the company's supply chain can't satisfy rising demand.Benzinga is covering every angle of how the coronavirus affects the financial world. For daily updates, sign up for our coronavirus newsletter.Some of Mondelez's items in high demand are snacks and treats, including Oreos, the CEO said. During moments of anxiety, stress, and uncertainty, it's "normal" for people to indulge in comfort foods. Consumers staying home and snacking more often is certainly adding a lift to Mondelez's business and it is more than offsetting sales lost from dining-out categories.What's Next Mondelez's exposure to commodity costs is mitigated through hedging and the company is "more than covered" for 2020 and even into part of 2021, he also said. The same can be said for currencies but over-time the fluctuations will "play a role" in the input costs and prices "will have to go up.""We will have to live with some price increases in developing markets in the future," he said. "But then on the commodity side, we feel pretty good."See more from Benzinga * Mondelez, Kraft To Pay M To Resolve Allegations Of Futures Market Manipulation * Mondelez's Latest Acquisition Adds New Exposure To In-Store Bakery Channel * Streetwear Brand Supreme + Oreo = Very Expensive Cookies(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Mondelēz International, Inc. today announced that it has joined two leading initiatives focused on tackling plastic waste and pollution, as the company accelerates its efforts to reduce its impact on people and the planet. Mondelēz International is now a signatory of the Ellen MacArthur Foundation’s New Plastics Economy Global Commitment, as well as a participant in the New Plastics Economy Initiative, and a member of the UK Plastics Pact.
The actions, Mondelēz said, "will enhance its ability, as a large U.S. food manufacturer, to keep its food supply going, protect its employees and support communities impacted by COVID-19."
Mondelez International Inc. has raised pay by $2 per hour from Monday through May 2 for distribution, manufacturing and sales workers. Sales representatives will also get a bonus of $125 per week. The changes affect 10,000 workers. Any workers impacted by the coronavirus outbreak will receive two additional weeks of paid leave. The food company plans to add 1,000 distribution and sales workers to the roster "in the coming months." Mondelez shares are up 3.5% in Tuesday premarket trading, but are down 14.7% over the last year. The S&P 500 index has dropped 20.1% for the past 12 months.
Retail giants Amazon.com Inc and Walmart Inc have also temporarily raised pay for their hourly U.S. workers, while Jif peanut butter maker J.M. Smucker said on Monday it would give a $1,500 one-time bonus to each of its 5,700 employees on duty. Mondelez said the hourly wage hike is effective immediately, through May 2.
Mondelēz International U.S. today announced a series of actions that will enhance its ability, as a large U.S. food manufacturer, to keep its food supply going, protect its employees and support communities impacted by COVID-19. This includes enhanced benefits and support for its U.S. workforce, the hiring of additional U.S. colleagues and a global Mondelēz International commitment to donate $15 million to community partners advancing COVID-19 relief efforts in the U.S. and around the world.
Mondelēz International, Inc. today announced it will donate $15 million in financial and in-kind support to community partners advancing critical food stability and emergency relief efforts across the world in the wake of the COVID-19 crisis. “Managing through and recovering from this global crisis will take everyone’s support and I am pleased we’re standing up to advance relief efforts around the world,” said Dirk Van de Put, Chairman and Chief Executive Officer. “Our purpose and values as a company are rooted in doing what’s right for our people and our communities and this $15 million global commitment will help further the impactful work of local community partners providing safety, security and assistance for the people who need it most.”
Supermarket shelves are emptying of soup, cereal, snacks, and peanut butter, benefitting hard-hit stocks including Campbell Soup and Conagra. The tide may not last, say analysts.
Coronavirus is probably the 1 concern in investors’ minds right now. It should be. On February 27th we published this article and predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 months. We also told you to short the market ETFs and buy long-term […]
A wide investor search is on for safe-haven stocks to buy.We've plunged into a stock market correction that's nearing bear-market territory amid escalating coronavirus fears and a potential oil-price war. Some of the headline numbers have been eye-popping. The S&P; 500 Index dropped roughly 18% in the course of two weeks - something it took nearly two months to do during the near-bear market in the fourth quarter of 2018. And oh, the volatility. The index has endured eight moves of 3% or more (in either direction) since Feb. 20, 2020. The last one before that came on Jan. 4 ... of 2019.Goldman Sachs analysts are calling for the end of the current bull market: "We believe the S&P; 500 bull market will soon end," they write, projecting another 15% decline in stocks from here. However, Merrill Lynch strategists, led by Savita Subramanian, believe investors shouldn't panic-sell all of their holdings, arguing that while stocks will feel the effects, a bear market isn't imminent. "Negative headlines and panic selling are not good reasons to sell, but the coronavirus outbreak is now meaningfully impacting fundamentals," the firm writes.This brutal market environment has investors seeking out "safe havens" - investments that are relatively more insulated if economic conditions worsen. Many safe-haven stocks boast products that people need regardless of the economic landscape (think health care, utilities and consumer staples). However, as the broader market finds itself further mired in the downturn, pinpointing the tickers that can hold up strong in the long run isn't easy. That's where TipRanks comes in.Here are five save-haven stocks to buy on the current weakness. Using TipRanks' Stock Screener tool, we were able to zero in on five stocks the analyst community widely believes can maintain their bearings amid heightened levels of volatility. No stock is perfectly safe, but these companies are widely expected to come out on the other side better off than their peers. SEE ALSO: Every Warren Buffett Stock Ranked: The Berkshire Hathaway Portfolio
When two forces of happiness come together, nothing can stand in their way. Frowns get flipped. Meh moves out of town. And life just seems a little more joyous. That's why some of America's most iconic brands – Chips Ahoy! cookies, Reese's and Hershey's – are teaming up to show consumers how their sweet snacks are happier together. Introducing the new favorite cookie mashups: Chips Ahoy! made with chunks of Hershey's Milk Chocolate and Chips Ahoy! made with mini Reese's Pieces candy are available on-shelves now at major retailers nationwide.
Mondelēz International today announced that it has named Javier Polit as Chief Information Officer (CIO). In this role, he will be responsible for the company’s global information technology solutions and will report directly to Luca Zaramella, Executive Vice President and Chief Financial Officer, effective March 23, 2020. “We are very pleased to welcome Javier to Mondelēz International to lead our global team of IT professionals and help accelerate our enterprise-wide digital transformation,” said Zaramella.
Food giants Mondelez International Inc (NASDAQ: MDLZ) and Kraft Food Groups will pay $16 million to settle allegations they created unfair advantages in wheat futures, The Wall Street Journal reported.The Mondelez, Kraft Settlement Mondelez and Kraft were once part of a single corporate entity, and they and appear to be set on resolving a dispute with the Commodity Futures Trading Commission, the newspaper reported Thursday.Kraft was accused of building a large position in wheat futures in 2015 when it had no intention of ever accepting physical delivery. Doing so would have driven down the spot-market price of wheat, which the food company would take advantage of for its business.Kraft and Mondelez reached a 2019 settlement with the CFTC, but the companies cried foul when the regulatory body violated terms of the agreement by issuing public comments.Specifically, the CFTC issued a press release, a statement by all commissioners and a separate statement signed by the two Democrats on the commission.Judge Says Regulator Showed 'Egregious Misconduct' What's particularly odd about the legal fiasco is that the CFTC never explained how the food companies' trading strategies in the future markets violated the law, according to the WSJ.Judge John Robert Blakey noted the CFTC's statements at the time represented "egregious misconduct" and the regulatory body could face consequences of its own.Nevertheless, the food companies now appear to be willing to settle for the same $16-million fee but without any restrictions on what the CFTC can say about the outcome, sources told WSJ.What's Next For Kraft, Mondelez Any settlement needs to be approved by a federal court in Chicago, according to WSJ.Kraft shares were down 1.99% at $26.12 at the time of publication Friday, while Mondelez shares were down 2.53% at $55.42. Related Links:You Can Soon Order Fresh Food And Alcohol To Pick Up At TargetMark Wahlberg, Dr. Oz To Settle Feud, Talk Intermittent Fasting, BreakfastSee more from Benzinga * Mondelez's Latest Acquisition Adds New Exposure To In-Store Bakery Channel * Streetwear Brand Supreme + Oreo = Very Expensive Cookies * Planters 'Kills Off' Mr. Peanut, Will Air Funeral In Super Bowl 54 Commercial(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Mondelez (MDLZ) focuses on balancing volumes and profit through disciplined pricing. However, adverse currency movements have been hurting performance.
The Zacks Analyst Blog Highlights: Merck, Novartis, Mondelez International, ServiceNow and General Dynamics
Mondelez (MDLZ) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Global food and snacking giant Mondelez International Inc (NASDAQ: MDLZ ) reached an agreement on Tuesday to acquire a significant majority stake in Canada's Give & Go. What Happened Give & Go is a leader ...
Mondelēz International, Inc., a global leader in snacking, today announced a renewed commitment to reduce environmental impact and drive sustainable growth at scale, by joining the Science Based Targets initiative (SBTi) and setting greenhouse gas emissions reduction targets consistent with requirements to keep global warming well below 2 degrees Celsius. Already on track to reduce emissions across its manufacturing operations by 15 percent by the end of 2020, this expanded commitment will result in a further 10 percent emissions reduction across Mondelēz International’s value chain, over and above the impact of business growth – from farm to shelf – by 2025, compared to a 2018 baseline.
Mondelēz International, maker of Oreo cookies and other household-name products, said it's buying Canadian snack food company Give & Go for a reported $1.2 billion.
Grant Reid, CEO of Mars Inc., joins Influencers to discuss the economic impact of the coronavirus, his company’s efforts to address climate change, and how he has adapted a classic brand to a changing world.