Mondelez International, Inc.
) recently announced its plans to enter the Australian and Dutch
coffee markets with the launch of Carte Noire and Velours Noir
branded coffee products in the countries.
In Netherlands, the Deerfield, Ill.-based food and snacks
company will launch a range of Velours Noir-branded roast &
ground coffee, wholebeans and pods. In addition, Mondelez will
also launch Velours Noir branded single-serve espresso capsules
which are compatible with Nestlé's coffee machine, Nespresso. All
these products will be launched in partnership with local
retailer, Albert Heijn, and are expected to be available early
In Australia, the company will launch Carte Noire-branded
wholebean instant and premium freeze-dried coffee products.
Mondelez also announced its plans to launch Carte
Noire-branded Nespresso-compatible espresso capsules in Spain in
mid-October. The company already sells these espresso capsules
under Jacobs and Carte Noire coffee brands in Austria, France,
Germany and Switzerland.
These expansion efforts are in line with Mondelez's plans to
improve revenues and profits in Europe. Moreover, these product
launches underlie management's plans to gain share in the global
coffee market which is growing at 10% per annum.
Mondelez emerged from a split of Kraft Foods, Inc last year
when the latter was de-merged into two companies - Mondelez and
Kraft Foods Group
). Kraft Foods Group consists of the North American grocery
business of the old Kraft Foods while Mondelez handles the
latter's snack business, which includes brands like Cadbury and
Toblerone chocolates. Currently, Mondelez carries a Zacks Rank #3
(Hold) as it is in a transitional stage and is likely to take
some time to stabilize.
Other Stocks to Consider
Other stocks in the food industry that are currently
performing well and have a bright outlook include
Pinnacle Foods Inc.
Green Mountain Coffee Roasters, Inc
). Both the companies carry a Zacks Rank #1 (Strong Buy).
GREEN MTN COFFE (GMCR): Free Stock Analysis
KRAFT FOODS GRP (KRFT): Free Stock Analysis
MONDELEZ INTL (MDLZ): Free Stock Analysis
PINNACLE FOODS (PF): Free Stock Analysis
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