NYC grocers brace for price hikes on Oreos, Wheat Thins and more as distributor retreats from city [Yahoo! Finance]
Mondelez International, Inc. - Class A (MDLZ)
Last mondelez international, inc. - class a earnings: 4/28 04:05 pm
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Source: Yahoo! Finance
the junk-food conglomerate that makes them shrinks distribution, The Post has learned. A $5.99 package of Oreos and a $5.99 box of Ritz crackers could rise as much as $1 each by the end of the month, grocery executives said. That's when Mondelez International — which also makes Clif Bars, Hall's cough drops and Philadelphia cream cheese — will stop direct deliveries to 1,000 independent grocers across the city. In a Jan. 10 letter from its in-house counsel obtained by The Post, Mondelez told grocers that it will no longer make deliveries directly to their stores as it “moves to a new operating model.” Chains that will be affected include Foodtown, Key Food, Bravo and C-Town , according to the National Supermarket Association, which represents the stores. Gristedes stores will also see Mondelez deliveries stop, the company confirmed to The Post. Bodegas won't be impacted since they already use independent distributors, as does the Morton Williams chain, industry executives said
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MDLZ
News
- Mondelez International (NASDAQ:MDLZ) had its "neutral" rating reaffirmed by analysts at DA Davidson. They now have a $62.00 price target on the stock.MarketBeat
- Mondelez International (NASDAQ:MDLZ) had its price target lowered by analysts at JPMorgan Chase & Co. from $69.00 to $67.00. They now have an "overweight" rating on the stock.MarketBeat
- Mondelez International (NASDAQ:MDLZ) had its price target raised by analysts at Wells Fargo & Company from $62.00 to $65.00. They now have an "overweight" rating on the stock.MarketBeat
- Mondelez International (NASDAQ:MDLZ) had its price target raised by analysts at Piper Sandler from $62.00 to $64.00. They now have a "neutral" rating on the stock.MarketBeat
- Mondelez International (NASDAQ:MDLZ) had its price target lowered by analysts at Stifel Nicolaus from $70.00 to $68.00. They now have a "buy" rating on the stock.MarketBeat
MDLZ
Earnings
- 2/3/26 - Beat
MDLZ
Sec Filings
- 2/4/26 - Form S-3ASR
- 2/4/26 - Form 10-K
- 2/3/26 - Form 8-K
- MDLZ's page on the SEC website