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Stock Market & Financial Investment News

News Breaks
August 6, 2014
10:05 EDTMDLZMondelez expects to return $2B-$3B to shareholders in FY14
Says market likely to soften even more in 2H14 and especially in Q3. Says on track to deliver 2013-2014 combined free cash flow ex-items target of $3.7B. Expects to repurchase $1B-$2B of shares in FY14. Sees improvement in 2H14 being driven by coffee pricing and easier China comparison. Says global category growth unlikely to improve in 2H14. Says 2H14 growth tempered by challenging operating environment and slower resolution of customer disputes. Maintains high-12% adjusted OI margin. Says aims to further focus its portfolio on snacks and expects its coffee deal to close in FY15. Comments taken from slides from the company's Q2 earnings conference call presentation.
News For MDLZ From The Last 14 Days
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March 3, 2015
09:47 EDTMDLZSpeculation about Kellogg sparked by Buffett comment, Bloomberg says
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February 27, 2015
07:53 EDTMDLZKraft, Mondelez, others give statements at CAGNY conference, The Deal says
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05:18 EDTMDLZMondelez agrees to sell interests in Japanese coffee JV to partner Ajinomoto
Mondelez announced that, as part of its ongoing efforts to further focus its portfolio on snacking products, it has reached an agreement to sell its 50% interest in Ajinomoto General Foods, or AGF, to its joint venture partner, Ajinomoto. AGF manufactures and sells instant, ground and liquid coffee products as well as other beverages in Japan under brands mainly licensed by Mondelez International, including Blendy and Maxim. Upon closing of the stock purchase agreement, Mondelez International will receive pre-tax cash proceeds of Y27B. The AGF transaction is scheduled to close by the end of April, subject to limited closing conditions. The stock purchase agreement with Ajinomoto will not have any impact on the proposed JDE transaction, which is expected to close later this year. In 2013, AGF generated more than Y100B in net revenue. It has 700 full-time employees and two factories in Gunma and Suzuka, Japan.
February 26, 2015
07:27 EDTMDLZExecutives' Club of Chicago to hold a breakfast meeting
Chicago CEO Breakfast Meeting with Guest Speaker Irene Rosenfeld, Chairman & CEO, of Mondelez International, who discusses "Leading in Turbulent Times" is being held in Chicago on February 26 at 8:15 am.
February 25, 2015
09:03 EDTMDLZMondelez acquires Betabox start-up
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