S&P Revises Outlook on Mondelez Int'l (MDLZ) to Negative on Potential Weakening of Core Credit Ratios

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Mondelez (MDLZ) PT Raised at RBC Capital Following D.E. Master Blenders Deal

May 8, 2014 6:40 AM EDT

RBC Capital analyst David Palmer raised his price target on Sector Perform-rated Mondelez International (NASDAQ: MDLZ) to $40.00 (from $36.00) to estimated higher EPS growth in 2015 and 2016 (resulting from restructuring cost savings) and value creation from the formation of a global coffee business with D.E. Master... More

Mondelez (MDLZ) /DEMB Deal Viewed as 'Outstanding Transaction'

May 7, 2014 10:53 AM EDT

Wells Fargo maintained an Outperform rating on Mondelez International (NASDAQ: MDLZ). Comments follow news Mondelez and D.E Master Blenders intend to combine their coffee businesses to create the world's leading pure-play coffee company. Analyst John Baumgartner called it an "outstanding transaction."

"By combining assets with DEMB, strengths are enhanced across... More

Mondelez Int (MDLZ) Tops Q1 EPS by 5c; Announces New Strategic Initiatives

May 7, 2014 7:05 AM EDT

Mondelez Int (NASDAQ: MDLZ) reported Q1 EPS of $0.39, $0.05 better than the analyst estimate of $0.34. Revenue for the quarter came in at $8.64 billion versus the consensus estimate of $8.64 billion.

The company also announced plans to reduce operating costs to best-in-class levels through a restructuring program that is expected... More

Mondelez Int'l (MDLZ), D.E Master Blenders Enter Coffee Merger Agreement

May 7, 2014 7:02 AM EDT

Mondelez International, Inc. (NASDAQ: MDLZ) and D.E Master Blenders 1753 B.V. today announced their intention to combine their respective coffee businesses to create the world's leading pure-play coffee company, with annual revenues of more than $7 billion (5 billion) and an EBITDA[1] margin in the high teens.

The new company, to be called Jacobs Douwe Egberts (JDE), will be based in the Netherlands. It will hold leading market positions in more than two dozen countries and have a strong emerging market presence, giving it significant revenue synergy opportunities in the $81 billion global coffee... More