Mondelez to acquire snacking company for $2B to bolster growth in European markets

  • Adding one more to the acquisition list, Mondel?z (NASDAQ:MDLZ) to acquire Chipita, a key player in the Central and Eastern European croissants and baked snacks category for $2B.
  • Chipita S.A. was first established in Greece over 40 years and has generated ~$580M of revenue in 2020.
  • The acquisition will also offer a significantly increased presence in the fast-growing Central and Eastern European markets.
  • Acquisition provides a strong platform with proven track record of high growth enhances offering in attractive $65B global packaged cakes and pastry category.
  • In 2021, the company has acquired Grenade, a leading UK performance nutrition company.
  • 'Welcoming Chipita S.A.'s delicious pastry products into the Mondel?z International family advances our strategy to become the global leader in broader snacking. Their iconic brands and significant scale across so many attractive geographies make them a strong strategic complement to our existing portfolio and future growth ambitions in Europe and beyond." said Dirk Van de Put, Chairman & CEO.

    For this year the company from Chicago could earn a total revenue around 28.35 billion USD. This is according to the average of the analysts' estimates. This is slightly more than 2020's revenue of 26.58 billion USD.

    Historical revenues and results Mondelez International plus estimates 2020


    The analysts expect for 2021 a net profit of 4.1 billion USD. For this year the consensus of Mondelez International 's result per share is a profit of 2.91 USD. So the price/earnings-ratio equals 22.

    Per share the analysts expect a dividend of 1.33 USD per share. Thus the dividend yield equals 2.08 percent. The average dividend yield of the food & drug retailers equals a relatively high 2.28 percent.

    Mondelez International 's market capitalization is based on the number of outstanding shares around 91.87 billion USD. The Mondelez International stock was the past 12 months quite unstable. Since last June the stock is even 25 percent higher. This year the stock price moved between 50 and 64 dollar.

    Historical stock prices Mondelez International2007-2021

    fundamental research mondelezinternational

    On Friday the stock closed at 64.02 USD. Nieuwsdienst: +31 084-0032-842

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