Mondelez International, Inc., through its subsidiaries, manufactures, markets, and sells snack food and beverage products worldwide. It offers biscuits, including cookies, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; and Trident gums and Tang powdered beverages. It serves supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food+ outlets through direct store delivery, company-owned and satellite warehouses, distribution centers, and other facilities, as well as through independent sales offices and agents, and e-commerce channels. The company was formerly known as Kraft Foods Inc. and changed its name to Mondelez International, Inc. in October 2012. Mondelez International, Inc. was incorporated in 2000 and is based in Chicago, Illinois.
IPO Year:
Exchange: NASDAQ
Website: mondelezinternational.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/22/2024 | $82.00 | Buy | Redburn Atlantic |
| 8/12/2024 | $80.00 | Buy | Goldman |
| 7/31/2024 | $80.00 → $75.00 | Buy | DA Davidson |
| 2/1/2024 | $87.00 | Buy | Citigroup |
| 1/18/2024 | $78.00 → $80.00 | Buy | Deutsche Bank |
| 12/8/2023 | $83.00 | Buy | DA Davidson |
| 11/28/2023 | Hold → Buy | Argus | |
| 11/27/2023 | $75.00 → $83.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 10/17/2023 | $75.00 | Neutral → Outperform | Exane BNP Paribas |
| 9/22/2023 | $84.00 | Buy | HSBC Securities |
America's #1 Chocolate Chip Cookie brand will highlight the new Chips Ahoy! Big Chewy Cookie and cookie-inspired merch collection created with Big Sean to the BIGGEST tastemakers in culture at ComplexCon EAST HANOVER, N.J., Nov. 13, 2024 /PRNewswire/ -- This collab is BIG! America's #1 Chocolate Chip Cookie brand is combining fashion, flavor, and culture for an exclusive collaboration with GRAMMY-nominated hip hop powerhouse Big Sean at ComplexCon to celebrate its BIGGEST innovation now in stores – Chips Ahoy! Big Chewy Cookie in three delicious flavors. Over three times the size of the Chips Ahoy! Regular Chewy Cookie, this new treat not only levels up snack culture nationwide but will now
New TOBLERONE Truffles Offer Sweet Indulgence for Gift Giving EAST HANOVER, N.J., Nov. 12, 2024 /PRNewswire/ -- Just in time for the holiday season, TOBLERONE unveils the latest addition to its "Never Square" line of premium chocolates: TOBLERONE Truffles. These luxurious truffles are a gem-sized version of the classic taste of TOBLERONE. Each individually wrapped truffle is great for delighting the chocolate lover in your life with a sophisticated milk chocolate treat or indulging in a moment to yourself amidst the holiday hustle. TOBLERONE Truffles feature the iconic TOBLERO
Net Revenues increased +1.9%Organic Net Revenue1 grew +5.4% Volume/Mix grew +0.3% Diluted EPS declined -12.5% to $0.63Adjusted EPS1 on a constant currency basis up +28.6% to $0.99 YTD cash from operating activities $3.5 billionYTD Free Cash Flow1 $2.5 billion Agreed to acquire a majority stake in Evirth CHICAGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ:MDLZ) today reported its third quarter 2024 results. "We posted robust results for Q3, with accelerated top-line growth, strong earnings and attractive cash flow generation. These results were driven by our commitment to executing with excellence across our categories, markets and brands," said Dirk Van de
JAB today announced that it agreed to acquire Mondelez's (NASDAQ:MDLZ) 86 million shares in JDE Peet's (EURONEXT: JDEP) for €25.10 per share. Additionally, JAB has distributed shares of JDE Peet's to more than 70 limited partners of JAB Consumer Partners (JCP), significantly increasing the free float of JDE Peet's. This is the final distribution of JDE Peet's shares to JCP investors. In aggregate, JAB distributed 43 million shares, representing 9% of the total issued and outstanding share capital of JDE Peet's, increasing the free float to 32%. Following the aforementioned transactions, JAB's stake in JDE Peet's will have increased to 68%. "These transactions represent a major milestone f
Mondelēz International offers, powered by SKUx, becomes the first real-world, public adoption of DLT to track the supply chain of consumer-packaged goods, digital payments. SKUx, a leader in item-level payments acceptance and digital payment innovation, today announced the completion of the first phase of its payment-based offer innovation project with Mondelēz International and Hedera, an open source leading enterprise distributed ledger technology (DLT) network. As a member of the Hedera Council, Mondelēz International, whose mission is to empower people to snack right, partnered with SKUx to develop innovative, DLT-based solutions on Hedera, focused on digital transformation initiative
CHICAGO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ:MDLZ) will release its third quarter 2024 financial results on Tuesday, October 29, 2024 at 4:05 p.m. ET and will host a conference call at 5:00 p.m. ET that day. Investors and analysts may participate via phone by calling 800-225-9448 from the United States and 203-518-9708 from other locations. To ensure timely access, participants should dial in approximately 10 minutes before the call starts. A listen-only webcast will be provided at www.mondelezinternational.com. A replay of the conference call will be available until November 5, 2024, by calling 800-839-1247 from the United States and 402-220-04
Just in time for cough and cold season, HALLS is offering up a solution to the dreaded "Man Cold" EAST HANOVER, N.J., Oct. 9, 2024 /PRNewswire/ -- Is the phenomenon, known as the "Man Cold" real? It's up for debate. Ahead of this year's cough and cold season, the HALLS brand - America's No. 1 cough and throat drop brand* - investigated the phenomena to better understand America's thoughts on the "illusive" ailment. What is the "Man Cold" you may ask? Commonly, and often humorously, the "Man Cold" is defined as the embellishing of minor illness symptoms often related to the com
New offering from Fetch boosts retail media reach for CPG brands and retailers MADISON, Wis., Oct. 7, 2024 /PRNewswire/ -- Fetch, America's Rewards App, today announced its first-ever retail media network (RMN) partnership with Albertsons Media Collective, the retail media arm of Albertsons Companies, Inc., one of the largest food and drug retailers in the United States. This integration extends the reach of Albertsons Media Collective, expanding the grocer's service model offerings to consumer packaged goods (CPG) brands looking to drive retailer-specific sales. Fetch has la
Urban Legend's air frying technology reduces fat, sugar and caloriesby 30% to 75% vs. traditionally made doughnutsSupports Mondelēz strategic intent to expand in cakes and pastries CHICAGO, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ:MDLZ) today announced that its corporate venture capital arm, SnackFutures Ventures, has taken a minority stake in Urban Legend, a fast-growing, "better-for-you" fresh doughnut and pastry business in the United Kingdom. Founded in 2021 by scientist and entrepreneur Anthony Fletcher, Urban Legend uses a custom designed and patented air frying technology to reduce sugar, fat and calories by 30 percent to 75 percent compar
Over 3x the size of Chips Ahoy! Regular Chewy – Chips Ahoy! Big Chewy is a New Offering Created for On-the-Go Snacking EAST HANOVER, N.J., Sept. 27, 2024 /PRNewswire/ -- The cookie experts at Chips Ahoy! are at it again – this time showing up bigger than ever before. Introducing the Chips Ahoy! Big Chewy Cookie – an entirely new product line from America's #1 chocolate chip cookie brand. As the brand that is "Here for Happy," this innovation from Chips Ahoy! brings cookie lovers an offering that is over three times the size of Chips Ahoy! Regular Chewy in an individually wrapped pack, making it the ideal go-to snack for splitting with a friend.
Stifel analyst Matthew Smith maintains Mondelez International (NASDAQ:MDLZ) with a Buy and lowers the price target from $80 to $75.
Barclays analyst Andrew Lazar maintains Mondelez International (NASDAQ:MDLZ) with a Overweight and lowers the price target from $80 to $76.
Bernstein analyst Alexia Howard maintains Mondelez International (NASDAQ:MDLZ) with a Outperform and lowers the price target from $90 to $88.
Deutsche Bank analyst Stephen Powers maintains Mondelez International (NASDAQ:MDLZ) with a Buy and lowers the price target from $78 to $75.
Mondelez International's (NYSE:MDLZ) short percent of float has fallen 4.12% since its last report. The company recently reported that it has 12.41 million shares sold short, which is 0.93% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.73 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Shor
Before the markets opened on Thursday. PepsiCo Inc (NASDAQ:PEP) issued its second quarter financials. While earnings surpassed Wall Street estimates, revenue came short as its three North American business units reported a declining volume. In addition, Pepsi was more cautious with its full-year sales outlook. As a result, its shares were down 1.7% during premarket trading. One of its rivals one the global snacks and beverages front, Mondelez International (NASDAQ:MDLZ) is scheduled to announce its fiscal second quarter earnings on Thursday, July 25th. Over the last four quarters, Mondelez has consecutively surpassed earnings estimates. But Mondelez, known as the Oreo and Cadbury maker, was
B of A Securities analyst Bryan Spillane maintains Mondelez International (NASDAQ:MDLZ) with a Buy and lowers the price target from $82 to $80.
Mondelez International's (NYSE:MDLZ) short percent of float has fallen 8.65% since its last report. The company recently reported that it has 12.71 million shares sold short, which is 0.95% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.4 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short
Mondelez International Inc. (NASDAQ:MDLZ), known for its iconic Toblerone bars and Oreo cookies, is strategically positioning itself to maintain chocolate sales by keeping prices consumer-friendly amid volatile cocoa market conditions. The approach aims to sustain demand even as the company anticipates a decrease in cocoa costs. During a recent virtual conference hosted by Evercore ISI, Bloomberg reported that CFO Luca Zaramella expressed optimism about declining cocoa prices in the upcoming year, which could alleviate some cost pressures on chocolate production. The backdrop to Mondelez’s strategy is a huge surge in cocoa prices, driven by poor harvests in major cocoa-producing cou
Mondelēz to manufacture, market, distribute and sell Lotus Biscoff® brand in India, significantly expanding its presence in the Indian cookie market Companies to develop co-branded chocolate innovations combining Biscoff® with Cadbury, Milka and other key brands in Europe, with option to expand globally
Redburn Atlantic initiated coverage of Mondelez Int'l with a rating of Buy and set a new price target of $82.00
Goldman initiated coverage of Mondelez Int'l with a rating of Buy and set a new price target of $80.00
DA Davidson reiterated coverage of Mondelez Int'l with a rating of Buy and set a new price target of $75.00 from $80.00 previously
Citigroup initiated coverage of Mondelez Int'l with a rating of Buy and set a new price target of $87.00
Deutsche Bank reiterated coverage of Mondelez Int'l with a rating of Buy and set a new price target of $80.00 from $78.00 previously
DA Davidson initiated coverage of Mondelez Int'l with a rating of Buy and set a new price target of $83.00
Argus upgraded Mondelez Int'l from Hold to Buy
RBC Capital Mkts upgraded Mondelez Int'l from Sector Perform to Outperform and set a new price target of $83.00 from $75.00 previously
Exane BNP Paribas upgraded Mondelez Int'l from Neutral to Outperform and set a new price target of $75.00
HSBC Securities initiated coverage of Mondelez Int'l with a rating of Buy and set a new price target of $84.00
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America's #1 Chocolate Chip Cookie brand will highlight the new Chips Ahoy! Big Chewy Cookie and cookie-inspired merch collection created with Big Sean to the BIGGEST tastemakers in culture at ComplexCon EAST HANOVER, N.J., Nov. 13, 2024 /PRNewswire/ -- This collab is BIG! America's #1 Chocolate Chip Cookie brand is combining fashion, flavor, and culture for an exclusive collaboration with GRAMMY-nominated hip hop powerhouse Big Sean at ComplexCon to celebrate its BIGGEST innovation now in stores – Chips Ahoy! Big Chewy Cookie in three delicious flavors. Over three times the size of the Chips Ahoy! Regular Chewy Cookie, this new treat not only levels up snack culture nationwide but will now
Customers can indulge in the limited-time Coca-Cola® OREOTM Zero Sugar Slurpee drink flavor in participating stores now IRVING, Texas, Sept. 3, 2024 /PRNewswire/ -- 7-Eleven, Inc. is stirring up excitement with a daring new Slurpee® drink flavor: Coca-Cola© OREOTM Zero Sugar, exclusively available at participating 7-Eleven®, Speedway® and Stripes® stores nationwide. This unexpected flavor combination caps off this year's exciting Slurpee season, including the brand's annual Slurpee Day celebration. The new Slurpee drink flavor release is inspired by Coca-Cola© and OREO's© upco
ATLANTA and EAST HANOVER, N.J., Aug. 13, 2024 (GLOBE NEWSWIRE) -- Coca-Cola® and the OREO® brands have teamed up as "Besties" to create two exclusive and limited-edition products: OREO® Coca-Cola™ Sandwich Cookie and Coca-Cola® OREO™ Zero Sugar Limited Edition. Inspired by besties around the world, the two iconic brands are, for a limited time, sparking celebration amongst besties with the launch of two legendary products and several unique digital and physical experiences. The significance of celebrating friendships has never been more pertinent, and the brands are championing this by introducing "Besties," a partnership celebrating what it means to be "Besties." Besties often become a
CHICAGO, July 23, 2024 (GLOBE NEWSWIRE) -- Mondelēz International (NASDAQ:MDLZ) today announced the appointment of Filippo Catalano as Chief Information and Digital Officer (CIDO). Reporting directly to Chair and Chief Executive Officer Dirk Van de Put, Catalano will be responsible for accelerating the company's global technology transformation to drive long-term growth. He will join the organization later this year. "We're delighted to welcome Filippo in further advancing our enterprise-wide technology agenda as a critical enabler of our sustainable growth plan," Van de Put said. "Filippo's track record in driving digital transformation in leading consumer packaged goods companies will p
Mondelēz to manufacture, market, distribute and sell Lotus Biscoff® brand in India, significantly expanding its presence in the Indian cookie marketCompanies to develop co-branded chocolate innovations combining Biscoff® with Cadbury, Milka and other key brands in Europe, with option to expand globally CHICAGO and LEMBEKE, Belgium, June 13, 2024 (GLOBE NEWSWIRE) -- Mondelēz International (NASDAQ:MDLZ) and Lotus Bakeries (Euronext: LOTB) today announced a strategic partnership to expand and grow the Lotus Biscoff® cookie brand in India, and to develop exciting new chocolate products combining the unique, caramelized, crunchy Biscoff® taste and texture with Mondelēz's iconic Cadbury, Milk
Are fans destined to join the dark side or the light side? The only way to discover your destiny is by opening a pack of Star Wars™ OREO Cookies! EAST HANOVER, N.J., May 15, 2024 /PRNewswire/ -- Today, the OREO brand, in collaboration with Lucasfilm, announced the release of Special Edition Star Wars™ OREO Cookies. The two iterations of the Star Wars™ OREO Cookie Packs are wrapped in identical exterior packaging, but each pack contains a single color creme that symbolizes either the dark side or light side of the Force. Even better? A playful twist: fans won't know what side they're on until they open it!
Are fans destined to join the dark side or the light side? The only way to discover your destiny is by opening a pack of Star Wars™ OREO Cookies! TORONTO, May 15, 2024 /CNW/ - Today, the OREO brand, in collaboration with Lucasfilm, announced the release of Special Edition Star Wars™ OREO Cookies. The two iterations of the Star Wars™ OREO Cookie Packs are wrapped in identical exterior packaging, but each pack contains a single colour creme that symbolizes either the dark side or light side of the Force. Even better? A playful twist: fans won't know what side they're on until they open it!
WASHINGTON, May 15, 2024 (GLOBE NEWSWIRE) -- Today, CLIF BAR re-launched its Loop the Lincoln 5K event for Organic Week 2024, which aims to help advance important organic food and farming initiatives by bringing together policy leaders and organic industry influencers. As a leader in sustainability practices, including a 20-year commitment to organic, CLIF BAR welcomed Congressional staffers and industry representatives to this active event for walkers and runners. Scott Jurek, champion ultramarathoner and longtime CLIF BAR athlete partner, was there to motivate participants and share more about his food journey, including his role on product development as part of the CLIF BAR Athlete Inn
CHICAGO, Feb. 02, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ:MDLZ) today announced the appointment of Brian McNamara to the Company's Board of Directors, effective Feb. 1. McNamara has served as Chief Executive Officer of Haleon plc, formerly GSK Consumer Healthcare, since May 2022. Previously, he led GSK's Consumer Healthcare business. "We are pleased to welcome Brian to our Board. His breadth and depth of expertise in all aspects of consumer products leadership – including supply chain, brand marketing, customer engagement and more – will provide valuable insight and strategic input to our team," said Dirk Van de Put, Chairman & CEO of Mondelēz International. Before
In a huge step for cookiekind, the OREO brand is celebrating the release by partnering with Space Perspective, the world's first carbon-neutral spaceflight experience company, to send one lucky fan to the edge of space. EAST HANOVER, N.J., Jan. 23, 2024 /PRNewswire/ -- America's favorite cookie is kicking off 2024 with an out-of-this-world announcement. To encourage fans to playfully launch into the new year, the OREO brand is releasing a new galaxy-inspired limited-edition cookie and the chance for a fan to join the brand on an expedition where no OREO cookie lover has gone before — to the edge of space!
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Net Revenues increased +1.9%Organic Net Revenue1 grew +5.4% Volume/Mix grew +0.3% Diluted EPS declined -12.5% to $0.63Adjusted EPS1 on a constant currency basis up +28.6% to $0.99 YTD cash from operating activities $3.5 billionYTD Free Cash Flow1 $2.5 billion Agreed to acquire a majority stake in Evirth CHICAGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ:MDLZ) today reported its third quarter 2024 results. "We posted robust results for Q3, with accelerated top-line growth, strong earnings and attractive cash flow generation. These results were driven by our commitment to executing with excellence across our categories, markets and brands," said Dirk Van de
JAB today announced that it agreed to acquire Mondelez's (NASDAQ:MDLZ) 86 million shares in JDE Peet's (EURONEXT: JDEP) for €25.10 per share. Additionally, JAB has distributed shares of JDE Peet's to more than 70 limited partners of JAB Consumer Partners (JCP), significantly increasing the free float of JDE Peet's. This is the final distribution of JDE Peet's shares to JCP investors. In aggregate, JAB distributed 43 million shares, representing 9% of the total issued and outstanding share capital of JDE Peet's, increasing the free float to 32%. Following the aforementioned transactions, JAB's stake in JDE Peet's will have increased to 68%. "These transactions represent a major milestone f
CHICAGO, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ:MDLZ) will release its third quarter 2024 financial results on Tuesday, October 29, 2024 at 4:05 p.m. ET and will host a conference call at 5:00 p.m. ET that day. Investors and analysts may participate via phone by calling 800-225-9448 from the United States and 203-518-9708 from other locations. To ensure timely access, participants should dial in approximately 10 minutes before the call starts. A listen-only webcast will be provided at www.mondelezinternational.com. A replay of the conference call will be available until November 5, 2024, by calling 800-839-1247 from the United States and 402-220-04
Second Quarter Highlights Net revenues decreased -1.9%; Organic Net Revenue1 grew +2.5% with underlying Volume/Mix of -2.2%Diluted EPS was $0.45, down -34.8%; Adjusted EPS1 was $0.86, up +25.0% on a constant currency basisYear-to-date cash provided by operating activities was $2.1 billion, up $0.2 billion versus prior year; Free Cash Flow1 was $1.5 billion, flat versus prior yearReturn of capital to shareholders was $2.2 billion in the first half of the yearAnnouncing +11% increase to quarterly dividendLaunching transformative ERP program to drive enterprise efficiencies CHICAGO, July 30, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ:MDLZ) today reported its second quarte
CHICAGO, July 11, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ:MDLZ) will release its second quarter 2024 financial results on Tuesday, July 30, 2024 at 4:05 p.m. ET and will host a conference call at 5:00 p.m. ET that day. Investors and analysts may participate via phone by calling (800) 245-3047 from the United States and (203) 518-9765 from other locations. To ensure timely access, participants should dial in approximately 10 minutes before the call starts. A listen-only webcast will be provided at www.mondelezinternational.com. A replay of the conference call will be available until August 6, 2024, by calling (800) 938-1584 from the United States
CHICAGO, May 22, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Mondelēz International, Inc. (NASDAQ:MDLZ) today declared a regular quarterly dividend of $0.425 per share of Class A common stock. This dividend is payable on July 12, 2024, to shareholders of record as of the close of business on June 28, 2024. About Mondelēz International Mondelēz International, Inc. (NASDAQ:MDLZ) empowers people to snack right in over 150 countries around the world. With 2023 net revenues of approximately $36 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk
First Quarter Highlights Net revenues increased +1.4% driven by Organic Net Revenue1 growth of +4.2% with underlying Volume/Mix of -2.1%Diluted EPS was $1.04, down 31.6%; Adjusted EPS1 was $0.95, up +16.3% on a constant currency basisCash provided by operating activities was $1.3 billion, up $0.2 billion versus prior year; Free Cash Flow1 was $1.0 billion, up $0.1 billion versus prior yearReturn of capital to shareholders was $1.1 billion CHICAGO, April 30, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ:MDLZ) today reported its first quarter 2024 results. "We posted solid top-line results coupled with robust earnings and free cash flow generation in the first quarter driv
CHICAGO, April 08, 2024 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (NASDAQ:MDLZ) will release its first quarter 2024 financial results on Tuesday, April 30, 2024 at 4:05 p.m. ET and will host a conference call at 5:00 p.m. ET that day. Investors and analysts may participate via phone by calling (800) 225-9448 from the United States and (203) 518-9708 from other locations. To ensure timely access, participants should dial in approximately 10 minutes before the call starts. A listen-only webcast will be provided at www.mondelezinternational.com. A replay of the conference call will be available until May 7, 2024, by calling (800) 723-2156 from the United States and (402) 220-2660 fro
CHICAGO, Feb. 02, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Mondelēz International, Inc. (NASDAQ:MDLZ) today declared a regular quarterly dividend of $0.425 per share of Class A common stock. This dividend is payable on April 11, 2024, to shareholders of record as of the close of business on March 28, 2024. About Mondelēz International Mondelēz International, Inc. (NASDAQ:MDLZ) empowers people to snack right in over 150 countries around the world. With 2023 net revenues of approximately $36 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy
Full Year Highlights Net revenues for the full year increased +14.4% driven by Organic Net Revenue1 growth of +14.7% with underlying Volume/Mix of +1.3%. For the fourth quarter, Net revenues increased +7.1% driven by Organic Net Revenue1 growth of +9.8% with underlying Volume/Mix of -0.4%Diluted EPS was $3.62, up +84.7%; Adjusted EPS1 was $3.19, up +19.0% on a constant currency basisYear-to-date cash provided by operating activities was $4.7 billion; Free Cash Flow1 was $3.6 billion, up +$0.6 billion vs prior yearReturn of capital to shareholders was $3.7 billion; increased dividend per share by 10%Closed the divestiture of our developed market gum business for $1.4 billionExpecting for 202