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What’s the Latest News on Mondelēz International?

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Jan. 20 2017, Updated 9:07 a.m. ET

Price movement

Mondelēz International (MDLZ) has a market cap of $70.0 billion. It rose 0.29% to close at $45.03 per share on January 18, 2017. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 2.0%, 1.1%, and 1.6%, respectively, on the same day.

MDLZ is trading 0.76% above its 20-day moving average, 4.0% above its 50-day moving average, and 4.1% above its 200-day moving average.

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Related ETF and peers

The Fidelity MSCI Consumer Staples ETF (FSTA) invests 3.2% of its holdings in Mondelēz International. The YTD price movement of FSTA was 1.2% on January 18.

The market caps of Mondelēz’s competitors are as follows:

  • PepsiCo (PEP) — $147.8 billion
  • General Mills (GIS) — $36.1 billion
  • Hershey (HSY) — $22.4 billion

Latest news on MDLZ

In a press release on January 18, 2017, Mondelēz reported, “Mondelēz International, Inc. (MDLZ) has reached an agreement to sell most of its grocery business in Australia and New Zealand to Bega Cheese Limited (BGA.AX) for $460 million AUD. The transaction adds the iconic VEGEMITE brand and other well-established grocery brands to Bega’s portfolio.

“The move enables Mondelēz International to further focus its portfolio and drive profitable growth by investing in its core snacks categories and Power Brands, including Cadbury Dairy Milk chocolate and Oreo biscuits.”

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Mondelēz International’s 3Q16 performance

Mondelēz International (MDLZ) reported 3Q16 net revenues of $6.4 billion, a YoY (year-over-year) fall of 5.9% from net revenues of $6.8 billion in 3Q15, due to the deconsolidation of its Venezuela business and currency headwinds.

The company’s gross profit margin narrowed by 10 basis points due to an increase in restructuring program costs. However, this rise was offset by the deconsolidation of its Venezuela operations.

Mondelēz International’s net income and EPS (earnings per share) fell to $548.0 million and $0.35, respectively, in 3Q16, compared with $7.3 billion and $4.46, respectively, in 3Q15.

The company reported adjusted EPS of $0.52 in 3Q16, a rise of 36.8% over 3Q15. Between 4Q15 and 3Q16, Mondelēz’s cash and cash equivalents fell 9.8%, and its inventories rose 6.4%.

Projections

Mondelēz International (MDLZ) made the following projections for fiscal 2016:

  • organic net revenue growth of ~1.6%
  • adjusted operating income margin in the range of 15%–16%
  • adjusted EPS growth of ~25% on a constant currency basis

Next, we’ll discuss Brunswick Corporation (BC).

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