Group 1 - Mondelēz International, Inc. will present at the annual Consumer Analyst Group of New York (CAGNY) Conference on February 17 at 2:00 p.m. ET [1] - The presentation will be led by Dirk Van de Put, Chairman & CEO, and Luca Zaramella, EVP & Chief Financial Officer [1] - A listen-only webcast will be available on the company's website, along with a replay of the event [1] Group 2 - Mondelēz International reported net revenues of approximately $36.4 billion for 2024 [2] - The company operates in over 150 countries and offers iconic brands such as Oreo, Ritz, and Cadbury Dairy Milk [2] - Mondelēz International is recognized as a member of the Dow Jones Best-in-Class North America and World Indices [2]

Group 1 - Mondelez International, Inc. is included in the Dividend Contenders List, highlighting its status as a reliable dividend-paying stock [1] - JPMorgan has lowered its price target for Mondelez to $69 from $71 but maintains an Overweight rating, anticipating earnings momentum to improve in the second half of 2026 despite initial challenges [2] - The company faces significant pressure from cocoa prices, with warnings that "unprecedented cocoa cost inflation" could reduce adjusted EPS by up to 15% in 2025 [3] Group 2 - Mondelez is adapting its strategy to cater to increasingly price-conscious consumers, which may help it maintain stability in a challenging economic environment [4] - The stock is considered defensive, with a low beta of 0.04, a dividend yield of 3.4%, and a total debt-to-equity ratio of 68.9%, indicating financial stability [5] - As one of the largest snack companies globally, Mondelez operates in the consumer staples sector, where demand for food tends to remain steady even during economic downturns [6]

Core Insights - Mondelēz International has launched applications for the 2026 class of CoLab Tech, a global R&D tech accelerator program aimed at collaborating with entrepreneurs in snack-forward technologies [1][6] - The program focuses on advancing innovation in supply chain resilience, consumer wellness, operational efficiencies, and sustainable packaging [1][8] Group 1: Program Details - The CoLab Tech curriculum is designed to foster collaboration with innovators to enhance Mondelēz's capabilities and impact [2][5] - Applications are open from January 22 to March 31 for start-ups with a minimum viable product and at least five employees, with a preference for diverse and minority board members [6][8] Group 2: Focus Areas - Climate Resilience: Technologies aimed at protecting ingredient supply chains, particularly in cocoa and wheat, through efficient fermentation and sustainable agricultural practices [9] - Breakthrough Performance Technologies: Innovations that improve energy efficiency, develop sustainable materials, and streamline operational processes [9] - Next-Generation Ingredients: Solutions that meet consumer demand for functional snacks with indulgent taste, including increased fiber and protein content [9] - Delightful Product and Packaging: Technologies that enhance sensory experiences, extend shelf life, and provide non-plastic packaging solutions [9] Group 3: Company Overview - Mondelēz International reported net revenues of approximately $36.4 billion in 2024 and is recognized for its iconic brands such as Oreo, Ritz, and Toblerone [10]

Core Insights - Mondelēz International has launched applications for the 2026 class of CoLab Tech, a global R&D tech accelerator program aimed at collaborating with entrepreneurs to develop snack-forward technologies with high commercialization potential [1][6] - The program focuses on advancing Mondelēz's innovation agenda, emphasizing supply chain resilience, consumer wellness, operational efficiencies, and sustainable packaging [1][5] Group 1: Program Details - The CoLab Tech program is designed to connect Mondelēz with innovators to enhance capabilities and share expertise, ultimately making a significant impact on the snack industry [2][5] - Applications are open from January 22 to March 31 for start-ups that have a minimum viable product and at least five employees, with a preference for those with diverse and minority board members [6][7] Group 2: Focus Areas - The program's priorities include: - Climate Resilience: Technologies that protect ingredient supply chains, particularly in cocoa and wheat, through efficient fermentation and sustainable agricultural practices [8] - Breakthrough Performance Technologies: Innovations that improve energy efficiency, develop sustainable materials, and enhance R&D processes [8] - Next-Generation Ingredients: Solutions that meet consumer demand for functional snacks with indulgent flavors, such as increased fiber and protein content [8] - Delightful Product and Packaging: Technologies that enhance taste and texture, extend shelf life, and provide non-plastic packaging solutions [8] Group 3: Company Overview - Mondelēz International reported net revenues of approximately $36.4 billion in 2024 and operates in over 150 countries, offering iconic brands like Oreo, Ritz, and Toblerone [9]

Core Concept - The OREO brand is launching a new collaboration with Marvel, introducing MARVEL OREO Stuf of Legends Cookies featuring popular characters from the Marvel universe, set to debut on February 2, 2026 [1][3][4]. Product Details - The collaboration includes four collectible special-edition packs, with three packs available at launch and a fourth pack that is part of an interactive storyline involving Marvel villains [2][4][6]. - The cookies will feature a record-breaking 32 unique embossments, showcasing characters from the Avengers, Spider-Man, X-Men, and Fantastic Four [3][4]. - A unique innovation in this product is a color-changing creme that shifts from gray to blue, adding an interactive element to the experience [5]. Marketing Strategy - The collaboration aims to engage Marvel superfans by blending storytelling with the cookie experience, encouraging fans to participate in the narrative [4][6]. - Fans can interact with the promotion by guiding delivery trucks for the elusive fourth pack through a digital platform, which includes voting on routes and scanning for dangers [7][8]. - The promotional campaign includes a sweepstakes offering prizes such as a $1,400 check and a $500 Disney.com gift card, enhancing consumer engagement [7]. Sales and Availability - Special-edition packs will be available for presale starting January 26, 2026, with a nationwide retail launch on February 2, 2026, for a limited time [9]. - The OREO brand has a significant market presence, selling over 60 billion cookies annually, with more than 20 billion sold in the U.S. [11]. Company Background - OREO is a brand under Mondelz International, which reported net revenues of approximately $36.4 billion in 2024, emphasizing its leadership in the snacking industry [12].

Core Viewpoint - The article discusses the expertise of Vladimir Dimitrov, a former strategy consultant specializing in brand and intangible asset valuation, highlighting his experience with major global brands in technology, telecom, and banking sectors [1]. Group 1: Professional Background - Vladimir Dimitrov has a background in strategy consulting, focusing on brand and intangible asset valuation [1]. - He has worked with some of the largest global brands, particularly in the technology, telecom, and banking sectors [1]. - Dimitrov is a graduate of the London School of Economics and seeks reasonably priced businesses with sustainable long-term competitive advantages [1].

Core Insights - The rise of GLP-1 drugs is not just altering dietary habits but fundamentally reshaping the food and beverage industry, leading to a significant decline in consumer spending on traditional snacks and meals [1][3][28] Consumer Behavior Changes - Grocery budgets have decreased by 5.3% to 8.2% in six months, with higher-income households cutting spending by up to 8.6%, particularly impacting the snack aisle [2] - 66% of GLP-1 users have reduced their snacking frequency, with significant changes in taste and appetite reported by 85% of users [4][5] - The medications suppress hunger cravings, leading to a permanent demand destruction in traditional food categories [3][5] Industry Impact - KPMG forecasts a $48 billion annual reduction in food and beverage spending through 2034, indicating a long-term shift rather than a temporary dip [3] - Traditional food industry strategies, which rely on consumer cravings, are becoming obsolete as appetite suppression alters consumer behavior [4][5] Market Fragmentation - By 2030, 35% of U.S. households will include a GLP-1 user, leading to a bifurcated market where one segment seeks nutrient-dense options and the other continues traditional snacking [16][29] - The demand for protein snacks is projected to grow significantly, with the market expected to expand from $4.92 billion to $10.83 billion by 2035 [18] Company Performance - Companies like PepsiCo and Mondelez International are experiencing declines in snack volumes, with PepsiCo reporting five consecutive quarters of declining savory snack volume [9][10] - Hershey has acknowledged a significant year-over-year decline in net sales for salty snacks, indicating broader structural concerns in the industry [10] Strategic Adaptation - Leading companies are pivoting towards healthier, protein-rich products, with Nestlé launching a line of frozen meals designed for GLP-1 users [22] - Venture capital is increasingly flowing into health-focused food innovations, reflecting a shift towards nutrient-dense consumption rather than traditional snacking [25][26] Future Outlook - The companies that will thrive are those that adapt to the new consumer landscape shaped by GLP-1 drugs, focusing on intentional consumption rather than impulse-driven purchases [28][29]

Group 1 - Mondelez International, Inc. (NASDAQ:MDLZ) is recognized as one of the 12 Best Food Stocks to Buy in 2026 [1] - Mizuho has reduced its price target for Mondelez from $70 to $67 while maintaining an Outperform rating, citing fierce competition and economic uncertainty [2] - Wells Fargo analyst Chris Carey lowered the price objective for Mondelez from $72 to $62 but kept an Overweight rating, with the stock down by 0.06% YTD as of January 9, 2026 [3] Group 2 - Mondelez is a major player in the global snack market, but certain AI stocks are considered to have greater upside potential and less downside risk [4]

Core Viewpoint - Oakmark Global Fund's fourth-quarter 2025 investor letter highlights its strong performance and investment strategy, focusing on long-term capital appreciation through a diverse portfolio of U.S. and non-U.S. companies, with a notable emphasis on Mondelez International, Inc. [1] Group 1: Fund Performance - In the fourth quarter, Oakmark Global Fund (Investor Class) achieved a return of 5.23%, surpassing the benchmark MSCI World Index's gain of 3.12% [1] Group 2: Mondelez International, Inc. Overview - Mondelez International, Inc. (NASDAQ:MDLZ) is identified as a leading global snacking company with significant market shares in crackers, cookies, and chocolate, featuring well-known brands such as Cadbury, Milka, Toblerone, Oreo, and Ritz [3] - As of January 13, 2026, Mondelez's stock closed at $55.94 per share, with a one-month return of 3.94% and a 52-week decline of 1.24%. The company's market capitalization stands at $72.383 billion [2] Group 3: Investment Thesis on Mondelez - The fund believes Mondelez's strong pricing power and potential relief from rising commodity costs will enhance its margins, despite current margin pressures due to commodity inflation [3] - The current market conditions have allowed the fund to acquire Mondelez shares at a discounted valuation compared to historical levels, peers, and the broader market [3] Group 4: Hedge Fund Interest - Mondelez International, Inc. was held by 50 hedge fund portfolios at the end of the third quarter, an increase from 48 in the previous quarter, indicating growing interest among institutional investors [4]

Investment Rating - The report indicates a positive investment outlook for the snack food industry, particularly in the e-commerce segment, with a projected growth rate of 10.9% for 2024 [8]. Core Insights - The e-commerce platform Douyin has shown significant growth, increasing its market share from 22.2% in 2022 to 42.8% in 2024, while traditional platforms like Taobao and JD.com have seen a decline in their market shares [8]. - The overall sales of puffed snacks in e-commerce reached 78.26 billion in 2022, with a steady increase projected for the following years [9]. - The report highlights specific categories within the puffed snack segment that are experiencing varied growth rates, with some categories like digestive biscuits and compressed biscuits showing substantial increases [11][12]. E-commerce Trends - Douyin's sales growth for puffed snacks is at 29.9%, with key categories such as potato chips and cookies leading the growth [16]. - Taobao has seen a decline of 5.3% in the puffed snack category, with notable growth in specific subcategories like soda biscuits and digestive biscuits [10]. - JD.com has experienced a 20.1% decline overall, but certain categories like wafer biscuits have shown remarkable growth of 158.8% [13][14]. Category Performance - The report details the sales and growth rates for various subcategories of puffed snacks for 2024, indicating that: - Compressed biscuits have a growth rate of 74.3% with sales of 0.90 billion - Digestive biscuits are growing at 45.0% with sales of 1.57 billion - Other categories like wafer biscuits and soda biscuits also show significant growth [12][14]. Brand Rankings - The leading brands in the puffed snack category for 2024 include Lay's with sales of 3.60 billion, despite a decline of 13.9%, and other brands like Wantwant and Oreo showing varied performance [19][21]. - The report lists specific brand performances across different platforms, highlighting brands like 脆升升 with a growth rate of 295.4% and 江中食疗 with 88.0% growth [19][22].