Edition:
United States

Mondelez International Inc (MDLZ.OQ)

MDLZ.OQ on NASDAQ Stock Exchange Global Select Market

43.38USD
15 Dec 2017
Change (% chg)

$0.61 (+1.43%)
Prev Close
$42.77
Open
$43.02
Day's High
$43.52
Day's Low
$42.58
Volume
7,090,739
Avg. Vol
2,739,442
52-wk High
$47.23
52-wk Low
$39.19

Latest Key Developments (Source: Significant Developments)

Premier Foods says renews partnership with Mondelez International
Monday, 8 May 2017 02:04am EDT 

May 8 (Reuters) - Premier Foods Plc ::Agrees renewed relationship with Mondelēz International for strategic global partnership for Cadbury cake.Signed 'heads of terms' for a strategic global partnership with Mondelēz International.Deal to renew company's long-standing licence to produce and market Cadbury branded cake and Ambient dessert products.Once finalised, new licence will run until 2022, with an option for company to extend this to 2025.Already developing plans to launch Cadbury cake in two new significant markets in 2017/18.  Full Article

Mondelez expects weakness in North American business to continue in Q2
Tuesday, 2 May 2017 04:01pm EDT 

May 2 (Reuters) - Mondelez International Inc :Mondelez International - Company's biscuits business posted slight revenue decline in Q1 as strong growth in the U.K., Japan, Italy was offset by weakness in the U.S..Mondelez International - Company's chocolate business grew to more than 5%, driven by gains in Germany, India and Brazil in Q1 - conf call.Mondelez International - Company's gum & candy business declined over 5% in Q1 as it continues to experience significant weakness, especially in the U.S. - conf call.Mondelez CFO - In Q2, the year-over-year compare will be more difficult, and we expect North America business to remain challenged - conf call.Mondelez CFO - "We expect Q2 revenue growth below Q1..."- conf call.  Full Article

Mondelēz International Q1 adjusted earnings per share $0.53
Tuesday, 2 May 2017 04:00pm EDT 

May 2 (Reuters) - Mondelez International Inc ::Mondelēz International reports Q1 results.Q1 adjusted earnings per share $0.53.Q1 earnings per share $0.41.Q1 earnings per share view $0.50 -- Thomson Reuters I/B/E/S.Qtrly organic net revenue grew 0.6%.In 2017, expects double-digit adjusted EPS growth on a constant-currency basis.Mondelez - on January 18, 2017, company reached an agreement to sell most of its grocery business in Australia and New Zealand to Bega Cheese Limited.Mondelez says in addition, company expects free cash flow of approximately $2 billion in 2017.Continues to expect organic net revenue to increase at least 1 percent in 2017.Mondelez - incurred incremental expenses to ready business for sale transactions of $1 million in three months ended March 31, 2017.Mondelez says estimates currency translation would reduce net revenue growth by approximately 1 percent & adjusted eps by approximately $0.02 in 2017.Continues to expect 2017 adjusted operating income margin in mid-16 percent range.Fy2017 earnings per share view $2.11 -- Thomson Reuters I/B/E/S.Qtrly net revenues $6.41 billion versus $6.46 billion.Q1 revenue view $6.37 billion -- Thomson Reuters I/B/E/S.  Full Article

Mondelez says North America president Roberto Marques to leave company
Tuesday, 18 Apr 2017 08:30am EDT 

April 18 (Reuters) - Mondelez ::Mondelēz International changes North American leadership.Says Roberto Marques, EVP and president, North America, will leave company.Says Tim Cofer, chief growth officer, will serve as interim president of North American business.Mondelez- reaffirmed its financial outlook for 2017.Says Marques will work with Cofer over next few weeks to ensure a smooth transition..  Full Article

Mondelez is preparing to look for a successor to its CEO Rosenfeld- WSJ,citing sources
Sunday, 9 Apr 2017 03:04pm EDT 

: Mondelez International is preparing to look for a successor to its CEO Irene Rosenfeld- WSJ,citing sources . Mondelez board has discussed external candidates who could replace Rosenfeld-WSJ,citing sources Source http://on.wsj.com/2nRuunL ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Mondelez CEO Irene Rosenfeld's total compensation for 2016 was $16.7 mln
Tuesday, 28 Mar 2017 07:40am EDT 

Mondelez International Inc : CEO Irene Rosenfeld's total compensation for 2016 was $16.7 million versus $19.7 million in 2015 - SEC filing . Mondelez - CFO Brian Gladden's total compensation for 2016 was $6.4 million versus $7.2 million in 2015 .Mondelez - executive vice president and chief growth officer Timothy Cofer's total compensation for 2016 was $7 million versus about $10 million in 2015.  Full Article

Bahrain Flour Mills signs strategic partnership with Mondelēz International
Sunday, 5 Mar 2017 02:25am EST 

Bahrain Flour Mills Co : Signs strategic partnership with Mondelēz International Source: (http://bit.ly/2mFI2ql) Further company coverage: [BFMC.BH] (((Bengaluru Newsroom; +1 646 223 8780; ))) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Mondelez enter into revolving credit agreement
Wednesday, 1 Mar 2017 04:34pm EST 

Mondelez International Inc : On March 1, entered into revolving credit agreement for 364-day senior unsecured revolving credit facility in amount of $1.5 billion .Revolving credit agreement will terminate on February 28, 2018 - SEC filing.  Full Article

Mondelez sees free cash flow of about $2.8 bln in 2018 - CAGNY conference
Tuesday, 21 Feb 2017 02:10pm EST 

Mondelez : Sees free cash flow of about $2.8 billion in 2018- CAGNY conference . Expects to reduce capex as percent of revenue to about 4.5 percent in 2017, and about 4 percent in 2018- CAGNY . Working to build an ecommerce snacks business, targeting at least $1 billion in revenue by 2020- CAGNY Further company coverage: [MDLZ.O] ((bangalore.newsroom@thomsonreuters.com;)).  Full Article

Mondelez reaffirms 2017, 2018 adjusted operating income margin targets
Tuesday, 21 Feb 2017 09:00am EST 

Mondelez : Reaffirms 2017 and 2018 adjusted operating income(1) margin targets . Launching new well-being power brand, véa, in savory cracker segment to drive incremental growth . Provided an estimate for 2017 free cash flow of approximately $2 billion . "company is focusing on making its brands accessible to consumers whenever and wherever they shop" . "improving its presence in high-growth channels like ecommerce, discounters, convenience stores and traditional trade" .Véa will be available across grocery, club stores, convenience stores and ecommerce channels in U.S. and Canada as of July 2017.  Full Article

BRIEF-Mattel Dirk Van De Put informed co that in light of his role as CEO of Mondelez, he would resign from co's board effective immediately​

* Mattel -‍ on Nov 17, Dirk Van De Put informed co that in light of his role as CEO of Mondelez, he would resign from co's board effective immediately​ Source text: (http://bit.ly/2zycPfz) Further company coverage: