Mondelez International, Inc. (MDLZ) Stock Forecast

About the Company

Mondelēz International, Inc. ( MON-də-LEEZ) is an American multinational confectionery, food, holding, beverage and snack food company based in Chicago. Mondelez has an annual revenue of about $26.5 billion and operates in approximately 160 countries. It ranked No. 108 in the 2021 Fortune 500 list of the largest United States corporations by total revenue. The company had its origins as Kraft Foods Inc., which was founded in Chicago in 1923. The present enterprise was established in 2012 when Kraft Foods was renamed Mondelez and retained its snack food business, while its North American grocery business was spun off to a new company called Kraft Foods Group, which 3 years later merged with Heinz to form Kraft Heinz. The name Mondelez is derived from the Latin word mundus ("world") and delez, a fanciful modification of the word "delicious." Mondelez manufactures chocolate, cookies, biscuits, gum, confectionery, and powdered beverages. Mondelez International's portfolio includes several billion-dollar components, among them cookie, cracker, and candy brands TUC, Nabisco (manufacturers of Belvita, Chips Ahoy!, Oreo, Ritz, Triscuit, Wheat Thins, etc.), LU, Sour Patch Kids, Barny, and Peek Freans; chocolate brands Milka, Côte d'Or, Toblerone, Cadbury, Green & Black's, Freia, Marabou, and Fry's; gum and cough drop brands Trident, Dentyne, Chiclets, Halls, and Stride; as well as Tate's Bake Shop cookies and powdered beverage brand Tang. Mondelez Canada holds the rights to Christie Brown and Company, which consists of brands such as Mr. Christie, Triscuits, and Dad's Cookies. Its head office is in Toronto, Ontario, with operations in Brampton and Hamilton, Ontario and Montreal, Quebec.

Sector

Manufacturing

Industry

Food and Kindred Products

Employees

91000

Exchange

Nasdaq