Mondelez International, Inc., through its subsidiaries, manufactures and markets snack food and beverage products worldwide. The company offers biscuits, including cookies, crackers, and salted snacks; chocolates, and gums and candies; powdered beverages and coffee; and cheese and grocery products. Its primary brand portfolio includes LU, Nabisco and Oreo biscuits; Cadbury, Cadbury Dairy Milk, and Milka chocolates; Trident gum; Jacobs Kaffee; and Tang powdered beverages. Mondelez International, Inc. sells its products to supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets through direct store delivery, company owned and satellite warehouses, distribution centers, and other facilities, as well as through independent sales offices and agents. The company was formerly known as Kraft Foods Inc. and changed its name to Mondelez International, Inc. in October 2012. Mondelez International, Inc. was founded in 2000 and is based in Deerfield, Illinois.
Snack maker Mondelez ($MDLZ) could see early strength after Goldman Sachs upgraded its rating on the company’s stock to Buy from Neutral and added it to its Conviction Buy list.
Mondelez did not perform as expected in North American market. However, it did a good job in Europe and emerging markets. It's important to understand that this result was inflated by favorable foreign currency conversion ratios and the Easter calendar shift. If you exclude those two factors, organic revenues went up a modest 2%.
