Boston, MA 10/14/2013 (wallstreetpr) – Mondelez International Inc (NASDAQ:MDLZ) has announced sending nine of its worldwide employees for observer and learning mission in the cocoa farming communities in Ghana. The employees are draw from different countries which include the U.S., UK, Brazil, Russia, Sweden, Switzerland and China.
In Ghana’s cocoa farms, the observers will get the opportunity to come face-to-face with the cocoa farming communities in the country so as to learn several things from them. What the observers are expected to gain insight to while in cocoa farms in Ghana include the farmers successes and business challenges.
This unite-employees mission will result in sharing of diverse business skills. Out of this, MDLZ can maintain its close engagement with the people who supply it with raw materials and also bring its employees into understanding a few things which cannot be learn in the office or factor.
MDLZ is billed as the world’s largest snacks manufacturing company. The company’s line of products includes powdered beverages, coffee, biscuits, gum, candy and chocolate. MDLZ operates food and beverage marketing in about 165 countries globally; earning it the stint of the largest snacks manufacturer and marketer in the planet.
In the global food and beverage industry, MDLZ’s brands include Cadbury chocolate, Milka, Oreo, LU biscuits, Nabisco, Tang powdered beverage, Jacobs coffee and Trident gum.
With over 52 food and refreshment brands, MDLZ has three geographic units to operate its global businesses. These include North America, Europe and the Developing markets which encompass Asia and Africa. MDLZ currently has a market cap of $54.94 billion.
In the most recent quarterly results, the global snacks company posted $0.37 earnings per share on $8.64 billion. In a comparable quarter in the previous year, MDLZ realized revenue increase by 8%. The $0.37 EPS exceeded analysts’ expectation which was $0.35 EPS. Now analysts have $1.55 EPS target on the stock for this fiscal year.
