Mondelez International

In trading on Tuesday, shares of Mondelez International crossed above their 200 day moving average of $52.98, changing hands as high as $53.02 per share.

The Board of Directors of Mondelēz International, Inc. (NASDAQ: MDLZ) today declared a regular quarterly dividend of $0.285 per share of Class A common stock. This dividend is payable on July 14, 2020, to shareholders of record as of the close of business on June 30, 2020.

Net revenues increased 2.6% driven by Organic Net Revenue1 growth of 6.4% partially offset by unfavorable currency impacts Diluted EPS was $0.52, down 17.5% due to unrealized losses in mark-to-market impact from currency and commodities derivatives; Adjusted EPS1 was $0.69, up 10.8% on a constant-currency basis Cash provided by operating activities was $284 million; Free Cash Flow1 was $70 million Return of capital to shareholders was $1.1 billion Long-term fundamentals and strategy remain intact; full-year 2020 outlook withdrawn due to uncertainty around the impact of COVID-19 on financial and operating results

Mondelēz International has announced it completed its previously announced agreement to acquire a significant majority interest in Give & Go, a North American leader in fully-finished sweet baked goods and owners of the famous two-bite brand of brownies and the Create-A-Treat brand. “As we continue to establish foundations in fast-growing snacking adjacencies, this is an important acquisition for our company that supports our ambition to lead the future of snacking. We look forward to working with the Give & Go management team as they build on their leading position in the large and fast-growing in-store bakery channel,” said Glen Walter, executive vice president and president of North America for Mondelēz International.

avier Polit has been appointed chief information office (CIO) for Mondelez International, Inc. and will be responsible for its global information technology solutions, the company reports. “We are very pleased to welcome Javier to Mondelez International to lead our global team of IT professionals and help accelerate our enterprise-wide digital transformation,” says Luca Zaramella, executive vice-president and CFO. “He has a successful track record of leading large-scale IT transformations at global companies and extensive experience in managing all facets of strategic enterprise technology. I look forward to his contributions in leveraging technology to enable all three pillars of our long-term growth strategy.”