Key Developments: Mondelez International Inc (MDLZ.O)
30.95USD
24 May 2013
$-0.28 (-0.90%)
$31.23
$31.00
$31.33
$30.76
10,606,653
12,433,429
$32.10
$24.27
Latest Key Developments (Source: Significant Developments)
Mondelez International Inc Declares Regular Quarterly Dividend Of $0.13 Per Share
Mondelez International Inc announced that a regular quarterly dividend of $0.13 per share of Class A common stock. This dividend is payable on July 15, 2013, to shareholders of record as of July 1, 2013. Full Article
Mondelez International Inc Reaffirms FY 2013 Organic Revenue And EPS Guidance
Mondelez International Inc announced that for fiscal 2013, it is reaffirming organic net revenue growth outlook to be at the low end of the Company's long-term growth target of 5% to 7% and operating EPS guidance of $1.52 - $1.57. According to I/B/E/S Estimates, analysts are expecting the Company to report EPS of $1.56 for fiscal 2013. Full Article
Mondelez International Inc Authorizes Share Repurchases
Mondelez International Inc announced that its Board of Directors has authorized the repurchase of up to the lesser of 40 million shares or $1.2 billion of Mondelez International's Class A Common Stock. The primary purpose of the program will be to offset dilution from the Company's equity compensation plans. The shares will be repurchased from time to time in one or more open market transactions, privately negotiated transactions or a combination of the foregoing, at the discretion of Mondelez International. Repurchases will be subject to market conditions and other factors. The authorization to repurchase shares will end in three years, unless it is terminated or extended by the Board of Directors. Full Article
Mondelez International Inc Declares Regular Quarterly Dividend
Mondelez International Inc announced that the Board of Directors has declared a regular quarterly dividend of $0.13 per common share of Class A stock. This dividend is payable on April 15, 2013, to stockholders of record as of April 1, 2013. Full Article
Mondelez International Inc Reaffirms FY 2013 Organic Net Revenue Guidance; Raises FY 2013 Operating EPS Guidance
Mondelez International Inc announced that for fiscal 2013, it is reaffirming organic net revenue growth outlook to be at the low end of the Company's long-term growth target of 5% to 7%. Additionally increasing it's operating EPS guidance to $1.52 - $1.57 to reflect average 2012 foreign currency rates as well as the recent devaluation of the Venezuelan bolivar. Full Article
Premier Foods PLC Announces Licensing Deal Negotiated With Mondelez International Inc
Premier Foods PLC announced that it has renewed its licence to produce Cadbury branded cake products until at least June 2017 as part of its plan to boost growth in the cake category. The new licensing deal negotiated with Cadbury owner, Mondelez International Inc, provides a platform to drive growth of Cadbury branded cakes and ambient desserts including the iconic Cadbury Mini Roll. In addition, the contract provides for the possibility, subject to approval, to the use of the group's other trademarks for cake and dessert products, opening the door to a range of additional growth opportunities. Full Article
Mondelez International Inc Declares Regular Quarterly Dividend Of $0.13 Per Share
Mondelez International Inc announced that it has declared a regular quarterly dividend of $0.13 per common share of Class A stock. This dividend is payable on Jan. 14, 2013 to stockholders of record as of Dec. 31, 2012. Full Article
Mondelez International Inc Reaffirms FY 2013 Guidance
Mondelez International Inc reaffirmed its fiscal 2013 guidance and expects Organic Net Revenue growth outlook to be at the low end of long-term growth target of 5% to 7%, and Operating EPS to be $1.50 to $1.55, based on average August 2012 foreign currency rates. Using average foreign currency rates for October 2012, the Company's fiscal 2013 Operating EPS guidance would be approximately 5 cents higher. The Company reported revenue of $54.366 billion in fiscal 2012. Full Article
Mondelez International Inc Buys Vitasnella Snack Brand From Danone SA-Reuters
Reuters reported that Mondelez International Inc is buying Italy's Vitasnella snack brand from French foods maker Danone SA for an undisclosed sum as part of its consolidation plans in Europe. Danone will keep the Vitasnella brand for yogurt and cheese. Neither Danone or Kraft disclosed financial details. Mondelez could not be reached for comment. The group employs about 100,000 people in more than 80 countries, of which 1,500 are in Italy. Full Article
Kraft Foods Inc Announces Name Change
Kraft Foods Inc announced that that it has completed the previously announced spin-off of North American grocery business, Kraft Foods Group, Inc. Concurrent with the spin-off, Kraft Foods Inc. changed name to Mondelez International, Inc. Starting from October 2, 2012, Mondelez International will trade on The NASDAQ Global Select Market under the ticker symbol MDLZ, and Kraft Foods Group will trade on The NASDAQ Global Select Market under the ticker symbol KRFT. The ticker symbol KFT has been retired. Full Article
Oreo maker Mondelez raises earnings outlook on tax benefit
- Packaged foods maker Mondelez International Inc posted slightly better-than-expected quarterly results on Tuesday and raised its full-year earnings forecast due to a benefit from a tax item, but said it was keeping some of that benefit in reserve to guard against future market volatility.

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