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Mondelez International, Inc. stock price
Mondelez International, Inc. latest news:
Otonomy, Mondelez Drop into Wednesday’s 52-Week Low Club
Trian cuts Mondelez stake, ups GE holding -SEC filing
NEW YORK, Aug 11 (Reuters) - Trian Partners cut its stake in
snack maker Mondelez International Inc. during the last
quarter, and boosted its shares in conglomerate General Electric
, according to the activist fund's latest securities
REFILE-UPDATE 3-Outsider replaces long-time CEO at Oreo cookie maker Mondelez
Aug 2 (Reuters) - Mondelez International Inc on
Wednesday named the head of Canadian frozen foods maker McCain
Foods to succeed its long-time chief as the snack firm battles
declining profits and activist investors.
Mondelez CEO stepping down is 'a bit of a shock,' Jim Cramer says
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said the announcement of Irene Rosenfeld stepping down as CEO of Mondelez was a "bit of a shock."
Video provided by TheStreet
Outsider replaces long-time CEO at Oreo cookie maker Mondelez
Mondelez International Inc(MDLZ) on Wednesday named the head of Canadian frozen foods maker McCain Foods to succeed long-time chief as the snack firm battles declining profits and activist investors. Irene Rosenfeld's departure, set for November, will cap a challenging 11-year tenure, first as the chief executive officer of Kraft Foods Group and then as head of the renamed Mondelez.
Mondelez appoints Dirk Van de Put to succeed Irene Rosenfeld as CEO
(Reuters) - Oreo cookies maker Mondelez International Inc said it appointed Dirk Van de Put, the chief executive of Canadian frozen foods maker McCain Foods, to take over the top job from Irene Rosenfeld.
Mondelez shares rise on earnings beat, dividend increase
Mondelez International Inc. shares rose 1.2% in Wednesday premarket trading after the food company reported earnings that beat estimates, a dividend increase, and a new CEO. Mondelez had second-quarter net income of $498 million, or 32 cents per share, up from $464 million, or 29 cents per share, for the same period last year. Adjusted EPS was 48 cents, beating the 46-cent FactSet consensus. Sales totaled $5.99 billion, down from $6.30 billion and below the $6.00 billion FactSet consensus. The company maintained its 2017 guidance for double-digit adjusted EPS growth on a constant-currency basis. Mondelez raised its dividend by 16% to 22 cents. The company also announced that Dirk Van de Put will become chief executive, effective November 2017. He joins from McCain Foods, where he is chief executive. He succeeds Irene Rosenfeld, who will continue as chairman of the board until Mar. 31, 2018, at which point she will retire. Mondelez shares are down 1.6% for the year so far while the S&P 500 index is up 10.6% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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