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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Mondelez International, Inc.    MDLZ

MONDELEZ INTERNATIONAL, INC.

(MDLZ)
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Mondelez International : Aims to Double U.S. Black Representation in Management by 2024

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09/08/2020 | 09:44am EDT

By Dave Sebastian

 

Mondelez International Inc. said it has set a target of doubling Black representation in its management in the U.S. by 2024, as companies focus on racial-justice initiatives amid the national outcry stemming from police killings of Black people.

The Deerfield, Ill.-based food maker, whose brands include Oreo cookies, Ritz crackers and Cadbury chocolate, on Tuesday said it also plans to appoint a global chief diversity and inclusion officer.

"As a global company, we know that diversity in all its forms is a driver of innovation and growth and we must reflect the diversity of our consumers to deliver stronger business performance as we lead the future of snacking," Chairman and Chief Executive Dirk Van de Put said.

The company said it is working to increase the presence of underrepresented candidates on interview slates, double investment in early-career programs, including with historically Black colleges and universities, and establish mentoring and leadership-development programs for people of color.

The company said it commits to spending $1 billion with minority- and women-owned businesses by 2024. In the U.S., Mondelez said it will establish a multi-year college scholarship program for underrepresented youth.

Mondelez said it will include diversity and inclusion performance metrics in business unit and functional goals, in an effort to revamp company culture. It will also recognize Martin Luther King Jr. Day as a paid U.S. holiday and Juneteenth as a U.S. day of service.

 

Write to Dave Sebastian at dave.sebastian@wsj.com

 


Stocks mentioned in the article
ChangeLast1st jan.
MONDELEZ INTERNATIONAL, INC. -2.33% 53.45 Delayed Quote.-2.45%
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Financials (USD)
Sales 2020 26 245 M - -
Net income 2020 3 075 M - -
Net Debt 2020 17 825 M - -
P/E ratio 2020 25,5x
Yield 2020 2,17%
Capitalization 78 573 M 78 573 M -
EV / Sales 2020 3,67x
EV / Sales 2021 3,55x
Nbr of Employees 80 000
Free-Float 71,4%
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Technical analysis trends MONDELEZ INTERNATIONAL, INC.
Short TermMid-TermLong Term
TrendsNeutralBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Average target price 63,14 $
Last Close Price 55,01 $
Spread / Highest target 25,4%
Spread / Average Target 14,8%
Spread / Lowest Target -3,65%
EPS Revisions
Managers
NameTitle
Dirk van de Put Chairman & Chief Executive Officer
Luca Zaramella Chief Financial Officer & Executive Vice President
Robin S. Hargrove Executive VP-Research, Development & Quality
Javier Polit Chief Information Officer
Lois D. Juliber Independent Director
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