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Tuesday, July 02, 2013 5:46:00 PM
Found this today....
A couple underrated foods companies include J.M. Smucker and Mondelez (NASDAQ: MDLZ). Smucker is one of the great peanut butter-coffee combo companies, while Mondelez is the international spinoff from Kraft Food Group.
Its key segment is the biscuit category, accounting for over 30% of revenues, with 27% of revenue from the chocolate category, 17% from beverages, 15% from gum and candy and 9% from cheese and grocery. Mondelez's key brands include Oreo, Ritz, Chips Ahoy, Cadbury and Trident.
Unlike General Mills and Kellogg, Mondelez already has impressive international exposure, with about 80% of sales are expected to come from outside of North America in 2013.
Rumors are floating that billionaire activist Nelson Peltz might be looking to push Pepsi's snack food business and Mondelez to merge. This is big news, as I think this could be a big positive for both companies. The stock is down over 5% during the past month. This could be a good time to buy into the stock.
Mondelez has reaffirmed its 2013 organic revenue growth target of 5%, while upping its earnings guidance to $1.55 to $1.60 per share. At the mid-point, that would be 13% year over year EPS growth. This international snack company also pays investors a 1.8% dividend yield on a 50% payout of earnings.
Recent MDLZ News
- Mondelēz International to Report Q2 2024 Financial Results on July 30, 2024 • GlobeNewswire Inc. • 07/11/2024 01:05:00 PM
- SOUR PATCH KIDS® and Snapple® Brands Partner for Flavor-Packed Candy Collaboration • PR Newswire (US) • 07/09/2024 01:00:00 PM
- CLIF BAR Athlete Partners to Expand Access to Sports Nationwide Through 2024 CLIF CORPS' Athlete Coalition • PR Newswire (US) • 06/13/2024 01:00:00 PM
- Mondelēz International and Lotus Bakeries Join Forces to Expand the Biscoff® Brand in India and Create Co-Branded Chocolate Innovations in Key Markets • GlobeNewswire Inc. • 06/13/2024 05:00:14 AM
- The SOUR PATCH KIDS® Brand Turns Mischief into Currency in Its Own Immersive World on Roblox • PR Newswire (US) • 06/12/2024 01:00:00 PM
- Mondelēz International to Present at the 4th Annual Evercore ISI Consumer & Retail Conference on June 13, 2024 • GlobeNewswire Inc. • 06/07/2024 06:00:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/31/2024 08:02:24 PM
- DJT Stock Falls 6% Post-Trump Conviction; UBS Restructures Senior Management for CEO Succession and More News • IH Market News • 05/31/2024 11:54:10 AM
- Mondelēz International to Participate at the Deutsche Bank Global Consumer Conference on June 4, 2024 • GlobeNewswire Inc. • 05/29/2024 08:05:00 PM
- Mondelēz International to Invest More than $5 Million USD in Biscuit and Baked Snacks Lab and Innovation Kitchen in Singapore • GlobeNewswire Inc. • 05/28/2024 08:05:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:11:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:10:25 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:09:44 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:08:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:08:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:07:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:06:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:05:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:04:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:03:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/24/2024 08:02:00 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 05/23/2024 08:40:07 PM
- OpenAI and News Corp Seal Partnership, DuPont de Nemours Announces Division, and More News • IH Market News • 05/23/2024 11:40:51 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/22/2024 09:15:19 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 05/22/2024 09:04:06 PM
FEATURED Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM
HealthLynked Expands Telemedicine Nationwide • HLYK • Jul 17, 2024 8:00 AM
Peer To Peer Network aka Mobicard™ Launches AI Investor Chatbot Boosting Engagement & Lead Generation on Ihub • PTOP • Jul 15, 2024 8:30 AM
Greenlite Ventures Announces AI Integration into No Limit Platforms • GRNL • Jul 15, 2024 8:00 AM