Mondelez to acquire confectionary company, Ricolino from Grupo Bimbo for $1.3B

  • Mondelez (NASDAQ:MDLZ) entered into an agreement with Grupo Bimbo (OTCPK:BMBOY) to acquire its confectionery business, Ricolino, for around $1.3B.
  • Ricolino is a growing business with a strong confectionery position in Mexico and accounts for around $500M in annual revenue with four manufacturing facilities.
  • It has 2.1K+ direct store delivery routes reaching 440K traditional trade outlets, providing significant scale and broad brand availability.
  • The acquisition will transform Mondelez's business in the high-priority Mexico market to accelerate growth and scale in core snacking categories like chocolate category.
  • For Grupo Bimbo, this transaction will enable focus on its grain-based baking and snacks businesses.
  • Transaction, to be funded through issuance of debt and cash on hand and is expected to close in late Q3 or early Q4 2022.

    Over the current book year the company from could achieve a revenue around 37.13 billion USD (consensus estimates). The expected revenue would be a record for the company. This is slightly more than 2022's revenue of 36.02 billion USD.

    Historical revenues and results Mondelez International plus estimates 2023

    koersdata

    The analysts expect for 2023 a net profit of 4.72 billion USD. For this year the majority of the analysts, consulted by press agency Thomson Reuters, expects a profit per share of 3.51 USD. Based on this the price/earnings-ratio is 20.94.

    Per share the analysts expect a dividend of 1.75 USD per share. Mondelez International 's dividend yield thus equals 2.38 percent. The average dividend yield of the food producers is an attractive 3.08 percent.

    Based on the current number of shares Mondelez International 's market capitalization equals 100.39 billion USD.

    On Friday the stock closed at 73.5 USD.

    Price data Mondelez International 2007-2023

    stock analysis mondelezinternational

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