MDLZ - Mondelez International: High-Quality Products And A Solid Dividend Growth Record

2024-06-24 10:30:00 ET

Summary

• Mondelez is now an $88 billion (by market cap) confectionary and snack giant which runs a powerful but simple business model based on providing consumers all over the world with enjoyable snacks via high-quality branded products.
• Mondelez has been a dividend grower right out of the gate, having increased its dividend for 12 consecutive years. It has been very consistent with the dividend growth, handing out 10%+ dividend raises year in and year out.
• The company has shifted its portfolio quite a bit in order to better concentrate its portfolio around faster-growing, more profitable snack foods. This included divestitures and acquisitions.

Mondelez International Inc. ( MDLZ ) is an American multinational confectionery, snack food, and beverage company. Founded in 2012, but with certain roots dating back to 1923, Mondelez is now an $88 billion (by market cap) confectionary and snack giant that employs approximately 90,000 people.

The company reports results across four geographic segments: Europe, 35% of FY 2023 revenue; America, 31%; Asia, Middle East & Africa, 20%; and Latin America, 14%. Developed markets account for 61% of sales, while the remainder comes from developing markets. FY 2023 revenue can also be broken down by product category: Biscuits and Baked Snacks, 49%; Chocolate, 30%; Gum and Candy, 12%; Beverages, 3%; and Cheese and Grocery, 6%....

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