The Latest Breaking News from MDLZ

The sky has been the limit for cocoa prices in 2024. Crop devastation has led to the highest price in history. Chocoholics worldwide are paying a pretty penny for their chocolate confectionery fix, and chocolate manufacturers are seeing their cost of goods sold skyrocket.

Mondelez International Inc (NASDAQ:MDLZ) owned Enjoy Life Natural Brands LLC has issued a voluntary recall of a limited quantity of a select list of baked snacks products. The recall is a precautionary move due to the potential presence of hard plastic pieces in the products. Also Read: Oreo Owner Mondelez Buys Nutritious Energy Bar Maker Clif…

Pulled from Benzinga Pro data, Mondelez International (NASDAQ:MDLZ) showed a loss in earnings since Q4, totaling $861.00 million. Sales, on the other hand, increased by 1.38% to $7.76 billion during Q1.

Mondelez International (NASDAQ:MDLZ) reported its Q1 earnings results on Tuesday, April 26, 2022 at 04:05 PM. Here's what investors need to know about the announcement.

Mondelez International Inc (NASDAQ:MDLZ) has agreed to acquire Grupo Bimbo’s confectionery business, Ricolino, for $1.3 billion. The company expects the acquisition to double the size of its Mexico business and provide an attractive entry point into the chocolate category while expanding its presence in snacking.  Ricolino’s annual revenue is about $500 million. It employs 6,000 associates…

Mondelez International (NASDAQ:MDLZ) is set to give its latest quarterly earnings report on Tuesday, 2022-04-26. Here's what investors need to know before the announcement. Analysts estimate that Mondelez International will report an earnings per share (EPS) of $0.74.

The Russian-Ukraine conflict and rising inflation have led to heightened volatility and are raising the possibility of an economic downturn. Consumer defensive stocks are typically known to hold up well in such a tough market environment. Given this backdrop, it could be wise to buy the dip in consumer defensive…

Rio Tinto PLC (NYSE:RIO) became the first leading miner to suspend trading relations with Russian businesses, Reuters reports. Japan's Sony Group (NYSE:SONY) and Nintendo Co Ltd (OTC:NTDOF) (NTDOY) also halted deliveries of their gaming consoles. Credit Suisse Group AG (NYSE:CS) flagged a ~$900 million Russian credit exposure. Hitachi Construction Machinery Co Ltd (OTC:HTCMF) (OTC:HTCMY) looks to stop exports…

Concerns over high inflation and the Federal Reserve’s plan to raise interest rates has led to the tech-heavy Nasdaq into correction territory lately. Therefore, we think it could be wise to bet now on consumer defensive stocks because they typically perform relatively well in an inflationary environment. Inelastic product demand,…