Snacks and beverages are essential to daily life and rightly so. After all, these provide a much-needed boost of energy and help provide individuals with additional nutrients they may need to get through the day.
Mondelez International is one of the global leaders in the snack manufacturing business. It is considered one of the largest snack companies throughout the world today, covering around 150 countries. With its success in the field, the company makes for a lucrative investment for prospective investors. Get to know more about the company, its business model, how to get in touch with its head office, and more.
|Headquarters:||905 W Fulton Market, Chicago, IL, U.S.|
|Traded as:||Nasdaq: MDLZ|
|Industry:||Food and Beverage|
|Founded:||December 10, 1923|
|Products:||Baby food, coffee, dairy products, breakfast cereals, confectionery, bottled water, ice cream and pet foods|
|Business data:||Google Finance / Yahoo! Finance / SEC filings|
What products does Mondelez International make?
Mondelez International is a leading snack manufacturing company. It specializes in making food and beverage products for consumers in different parts of the globe.
The company makes cookies, biscuits, chocolates, gum, candies, dessert mixes, and beverages. Among the brands being made and marketed under Mondelez International include 5 Star, Belvita, Cadbury, Chips Ahoy!, Clorets, Daim, Lacta, Milka, Oreo, Philadelphia, Ritz, Sour Patch Kids, Tang, Tiger, Toblerone, Trident, and many others.
Where is Mondelez International headquarters located?
The global Mondelez International headquarters is located at 905 West Fulton Market, Suite 200 in Chicago, Illinois, 60607, in the United States of America. This was recently completed back in 2020 and was constructed with the help of Architect Solomon Cordwell Buenz.
The global headquarters of Mondelez spans a massive 80,000 square feet. It consists of five floors in total, with four of these floors allocated as open office space for employees and key executives.
If you want to get in touch with the Mondelez International headquarters, its telephone number is 1-847-943-4000. Its office hours are from 9 a.m. to 6 p.m.
How do I contact Mondelez International corporate?
Individuals who want to get in touch with the Mondelez International corporate office can call its international headquarters located in the United States. Its phone number is +1-847-943-4000.
Consumers who want to reach out for product inquiries or feedback could likewise check out the www.mondelezinternational.com/Contact-Us/Consumers page. Here, customers would find their respective country and the corresponding contact form where they could reach Mondelez.
Investors, on the other hand, could contact 1-847-943-5454 for concerns on investor relations, while shareholder services could be reached at 1-866-655-7238 for those in the United States and 1-651-450-4064 for those outside Canada and the United States.
Does Mondelez International have chat support?
Mondelez International does have chat support available. Called the Mondelez International Virtual Assistant, interested people can contact this chat support service and get answers directly.
Some of the items or subjects that the chat support is versed in answering include jobs and human resources, nutrition, donations and sponsorships, product locators, and product recalls. Individuals may also start a live chat session where the virtual assistant can attempt to answer the said query.
Company Quick History
Though the company is a leader in the snack manufacturing business, Mondelez International is still considered a relative newcomer in the field as it was only formally established in 2012. Mondelez actually comes from the two Latin words, namely mundus meaning “world” and delez which is an iteration of the word “delicious.”
Prior to this, the company was initially named Kraft Foods Inc. which was founded in Chicago on December 10, 1923, and has its roots in the National Dairy Products Corporation. It was founded both by Thomas H. McInnerney and Edward E. Rieck.
It was in August of 2011, however, when Kraft Foods announced its decision to break its company into two divisions, with one focusing on snack manufacturing, while the other branch would be dedicated to its grocery business.
Given Kraft Foods’ decision, Mondelez International became the legal successor of Kraft Foods. Meanwhile, the new North American grocery company went by the name Kraft Foods Group. This was officially recognized come October 2012.
Mondelez International Business Model
The company manages different brands or units under its name. All of the businesses handled by Mondelez International operate by developing, producing, and marketing their own respective products. The brands being managed under the corporation remain strong and recognized in their fields.
Mondelez makes sure that it focuses on its portfolio of brands to attend to the needs and desires of the snack market. Some of its strengths include biscuits and chocolates, as well as baked snacks as these prove to be quite resilient.
The company aims to further emphasize and make its presence known in various markets by taking advantage of its popular and iconic brands. Moreover, it also targets increased distribution as well as expanding its business through acquiring companies and businesses that fill in the gaps in its current portfolio.
As of writing, the company has net revenues in 2021 of over $29 billion. This number seems to be a reflection of Mondelez International’s approach to growth while also highlighting the importance of both local and international partnerships.
Mondelez International CEO and Key Executive Team
|Dirk Van De Put||Chairman & Chief Executive Officer|
|Paulette Alviti||Executive Vice President & Chief People Officer|
|Maurizio Brusadelli||Executive Vice President and President for Asia, Middle East, and Africa|
|Vince Gruber||Executive Vice President and President for Europe|
|Rob Hargrove||Executive Vice President and Chief Research & Development Officer|
|Mario Lozano||Executive Vice President and President for Latin America|
|Source: mondelezinternational.com, mondelezinternational.com|
Is Mondelez International a Suitable Value for Investors?
Analysts forecasted the company’s minimum price per stock at $70 after a year, which shows a 5.45% increase, while the maximum forecast is at $75 or a 12.99% increase. The average forecasted price is $74, which is a 9.97 increase from the current value.
Given this forecasted increase within 12 months, analysts deem Mondelez International stocks to be a strong buy for investors.
Who is the auditor of Mondelez International?
The company has an internal team of auditors working for it. Its very own audit committee is responsible for ensuring that its accounting and financial reports are accurate, on top of other duties and responsibilities.
How much does Mondelez International Spend on R&D?
Mondelez spends around $300 million dollars per year on research and development. According to Statista, the company spent approximately $347 million on R&D for 2021 alone.
Is Mondelez and Kraft the same?
Kraft and Mondelez are essentially the same. Kraft has renamed its snack unit Mondelez International.