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’s Global R&D Team Opens Applications for Second CoLab Tech Program • GlobeNewswire Inc. • 04/23/2024 08:05:00 PM
- RITZ Brand Introduces Limited Edition Buttery-er Flavored Crackers Along with the Chance to Strike Gold • PR Newswire (US) • 04/23/2024 02:00:00 PM
- United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News • IH Market News • 04/17/2024 10:57:39 AM
- Mondelēz International Reports Meaningful Progress Against its “Snacking Made Right” Priorities • GlobeNewswire Inc. • 04/15/2024 08:05:00 PM
- Mondelēz International’s Near-term 2030 Targets and 2050 Net-Zero Targets Validated by Science Based Targets Initiative • GlobeNewswire Inc. • 04/09/2024 08:05:00 PM
- Mondelēz International to Report Q1 2024 Financial Results on April 30, 2024 • GlobeNewswire Inc. • 04/08/2024 08:05:00 PM
- GameStop Shares Tumble 20% in Pre-Market Trading Amid Revenue Decline, Direct Digital Plummets 42%, and More News • IH Market News • 03/27/2024 10:54:47 AM
- SOUR PATCH KIDS® Brand Seeks HBCU Students Who Inspire Transformative Change to Apply for its Fourth Annual Mischief for Change Scholarship • PR Newswire (US) • 03/26/2024 05:32:00 PM
- WITH AN "MMMPROVED" RECIPE AND PACK DESIGN MAKING AMERICA'S FAVORITE CHOCOLATE CHIP COOKIE EVEN BETTER • PR Newswire (US) • 03/20/2024 02:00:00 PM
- Mondelēz International Releases Fifth Annual State of Snacking Report: Global Consumers Continue to Prioritize Snacking • GlobeNewswire Inc. • 03/14/2024 01:15:57 PM
- OREO® Frozen Treats Extends Their Mint Line-Up Just In Time For Saint Patrick's Day • PR Newswire (US) • 03/12/2024 02:00:00 PM
- SOUR PATCH KIDS® WATERMELON ICE • PR Newswire (US) • 03/12/2024 12:00:00 PM
- RITZ Toasted Chips is Heating Up March Madness® With Two New Flavors • PR Newswire (US) • 03/06/2024 03:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:48:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:47:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:47:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:46:07 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:45:10 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:44:23 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:41:52 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/29/2024 09:40:59 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 10:06:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 10:10:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/20/2024 02:09:51 PM
- Mondelēz International Celebrates Progress on Strategic Priorities, Boosted by Transformation of North American Business Into Sustainable Growth Engine, at 2024 CAGNY Conference • GlobeNewswire Inc. • 02/20/2024 02:05:32 PM
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Cannabix Technologies to Present Marijuana Breathalyzer Technology at International Association for Chemical Testing (IACT) Conference in California • BLO • Apr 22, 2024 8:49 AM
Kona Gold Beverages, Inc. Prepares for First Production Run Set to Launch May 17, 2024 • KGKG • Apr 22, 2024 8:30 AM