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In the current session, Mondelez International Inc. (NASDAQ:MDLZ) is trading at $55.75, after a 1.09% increase. Over the past month, the stock increased by 0.45%, and in the past year, by 6.52%.
Benefits from lower manufacturing costs and higher product prices further helped Mondelez in expanding its adjusted gross profit margin by 230 basis points to 40.5%.
Mondelez International, Inc. (/ ˌ m ɒ n d ə ˈ l iː z / MON-də-LEEZ) [3] (styled as Mondelēz International) is an American multinational confectionery, food, holding, beverage and snack food company based in Chicago. [4] Mondelez has an annual revenue of about $26.5 billion and operates in approximately 160 countries. [5]
Big bite on buybacks: With its stock price down slightly on the year, Mondelez used the opportunity to buy back $568 million in stock in Q1. A year ago, it repurchased $399 million in stock. A ...
Oreo boycott (also known as the Nabisco boycott and Mondelez boycott) is a boycott of the Oreo cookie and other Nabisco-manufactured products, including Chips Ahoy! and Cheese Nips. The boycott was prompted by the Mondelez company's decision to close its American factories and move production to Mexico.
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The biscuits were first introduced in France in 1998, [4] [5] expanding to seven additional European markets in 2000, Brazil in 2010 and the North American market in 2012. [6] [7] [8]
The acquisition of on-trend brands CLIF, LUNA, and CLIF Kid expands MDLZ's global snack bar business to more than $1 billion. Mondelez expects the transaction to be top-line accretive in year two ...