Mondelēz International appoints Amit Banati as CFO, effective July 1, 2026, succeeding Luca Zaramella, who becomes COO.
Quiver AI Summary
Mondelēz International has appointed Amit Banati as Executive Vice President and Chief Financial Officer, effective July 1, 2026, reporting directly to CEO Dirk Van de Put and joining the company's Leadership Team. Banati, who previously served as CFO of Kenvue and held senior roles at Kellanova and Kellogg Company, is expected to bring significant financial expertise and commercial insight to the role. Luca Zaramella will remain in the organization as Executive Vice President and Chief Operating Officer, focusing on driving the company’s commercial operations. Both leaders express optimism about the future, with Banati noting his enthusiasm for returning to Mondelēz and contributing to its strategic growth initiatives.
Potential Positives
- Amit Banati's appointment as Executive Vice President and Chief Financial Officer brings a wealth of experience from notable companies, enhancing the leadership team's financial expertise.
Potential Negatives
- Change in leadership, particularly in the CFO role, may lead to uncertainty among investors and stakeholders regarding the company's financial strategies and stability.
- Although the press release highlights Banati's experience, it does not address any potential challenges or risks associated with his transition back to the company, which could impact operational continuity during the change.
- The forward-looking statements include cautionary language about uncertainties and inherent risks, which may raise concerns about the company's future performance and ability to meet projected outcomes.
FAQ
Who was appointed as the new CFO of Mondelēz International?
Amit Banati was appointed as the Executive Vice President and Chief Financial Officer of Mondelēz International.
When will Amit Banati begin his role at Mondelēz International?
Amit Banati will officially start as CFO on July 1, 2026.
What experience does Amit Banati bring to Mondelēz International?
Banati has extensive experience as CFO at Kenvue and Kellanova, with a strong background in financial leadership.
What role will Luca Zaramella have after the appointment of the new CFO?
Luca Zaramella will continue as Executive Vice President and Chief Operating Officer, focusing on commercial operations.
What is Mondelēz International known for in the market?
Mondelēz International is known for its iconic snack brands, including Oreo, Cadbury, and Toblerone, across over 150 countries.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$MDLZ Insider Trading Activity
$MDLZ insiders have traded $MDLZ stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.
Here’s a breakdown of recent trading of $MDLZ stock by insiders over the last 6 months:
- GUSTAVO CARLOS VALLE (EVP and President, NA) sold 3,000 shares for an estimated $186,000
- BRIAN STEVENS (SVP, CTR & Chief Accoun Off) has made 0 purchases and 2 sales selling 64 shares for an estimated $3,933.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$MDLZ Revenue
$MDLZ had revenues of $10.1B in Q1 2026. This is an increase of 8.24% from the same period in the prior year.
You can track MDLZ financials on Quiver Quantitative's MDLZ stock page.
You can access data on MDLZ stock through the Quiver Quantitative API.
$MDLZ Congressional Stock Trading
Members of Congress have traded $MDLZ stock 2 times in the past 6 months. Of those trades, 0 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $MDLZ stock by members of Congress over the last 6 months:
- REPRESENTATIVE RICK LARSEN sold up to $15,000 on 01/07.
- REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 12/18.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.
$MDLZ Hedge Fund Activity
We have seen 861 institutional investors add shares of $MDLZ stock to their portfolio, and 1,031 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CAPITAL RESEARCH GLOBAL INVESTORS added 38,782,859 shares (+131.4%) to their portfolio in Q1 2026, for an estimated $2,209,265,562
- CAPITAL INTERNATIONAL INVESTORS removed 36,923,764 shares (-42.5%) from their portfolio in Q1 2026, for an estimated $2,103,362,216
- AMERIPRISE FINANCIAL INC removed 10,846,533 shares (-71.7%) from their portfolio in Q1 2026, for an estimated $617,872,752
- PRICE T ROWE ASSOCIATES INC /MD/ added 6,632,340 shares (+17.7%) to their portfolio in Q1 2026, for an estimated $377,811,248
- JPMORGAN CHASE & CO removed 6,482,722 shares (-9.3%) from their portfolio in Q4 2025, for an estimated $348,964,925
- BLACKROCK, INC. added 5,043,847 shares (+5.0%) to their portfolio in Q1 2026, for an estimated $287,322,744
- POINT72 ASSET MANAGEMENT, L.P. added 4,883,173 shares (+11626.6%) to their portfolio in Q1 2026, for an estimated $278,169,949
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$MDLZ Analyst Ratings
Wall Street analysts have issued reports on $MDLZ in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JP Morgan issued a "Overweight" rating on 04/29/2026
- Stifel issued a "Buy" rating on 02/04/2026
- Mizuho issued a "Outperform" rating on 01/08/2026
- B of A Securities issued a "Buy" rating on 12/19/2025
To track analyst ratings and price targets for $MDLZ, check out Quiver Quantitative's $MDLZ forecast page.
$MDLZ Price Targets
Multiple analysts have issued price targets for $MDLZ recently. We have seen 17 analysts offer price targets for $MDLZ in the last 6 months, with a median target of $67.0.
Here are some recent targets:
- Andrew Lazar from Barclays set a target price of $68.0 on 04/29/2026
- David Palmer from Evercore ISI Group set a target price of $71.0 on 04/29/2026
- Robert Moskow from TD Cowen set a target price of $67.0 on 04/29/2026
- Thomas Palmer from JP Morgan set a target price of $70.0 on 04/29/2026
- Peter Grom from UBS set a target price of $64.0 on 04/29/2026
- Rob Dickerson from BTIG set a target price of $70.0 on 04/14/2026
- Bryan Spillane from B of A Securities set a target price of $65.0 on 04/10/2026
Full Release
CHICAGO, June 15, 2026 (GLOBE NEWSWIRE) -- Mondelēz International (Nasdaq: MDLZ) today announced the appointment of Amit Banati as Executive Vice President and Chief Financial Officer, effective July 1, 2026. He will report directly to Dirk Van de Put, Chair and Chief Executive Officer, and will be a member of the Mondelēz International Leadership Team. Following Banati’s appointment, Luca Zaramella will continue as Executive Vice President and Chief Operating Officer, focusing his leadership on the Company’s commercial operations, including its four geographical regions, corporate sales, marketing and supply chain functions.
Banati most recently served as Chief Financial Officer of Kenvue, Inc. Prior to Kenvue, he served as Vice Chair and Chief Financial Officer of Kellanova, formerly Kellogg Company. He began his career at Kellogg as President for the Asia Pacific, Middle East and Africa region, where he drove regional growth and transformation before being promoted to Senior Vice President and Chief Financial Officer. Prior to Kellogg, he held progressively responsible management, financial and strategic leadership roles at Proctor & Gamble, Cadbury Schweppes and Mondelēz predecessor company Kraft Foods following the Cadbury acquisition.
“Amit is a highly experienced CFO who brings a strong blend of financial leadership and commercial acumen spanning multiple consumer businesses,” Van de Put said. “His track record of delivering results and building talent across large, global businesses as a CFO, alongside his breadth of general management and emerging market experience, will provide important perspective to our leadership team. I look forward to working with him to deliver against our strategic growth agenda.”
“I want to thank Luca for his outstanding contributions over eight years as CFO, during which he played a pivotal role in shaping our financial strategy and strengthening our company,” Van de Put added. “We will continue to benefit from his strong leadership as Chief Operating Officer, focusing on driving durable, profitable growth and value creation.”
“I am delighted to rejoin Mondelēz International,” said Banati. “I am excited to return to a company and set of brands that I know well. The company has an iconic portfolio, an advantaged global footprint and a talented team. I look forward to working closely with Dirk and the entire team to advance the company’s strategy, achieve its significant growth potential and continue its strong track record of profitable growth.”
About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2025 net revenues of approximately $38.5 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, Milka
and
Toblerone
chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit
www.mondelezinternational.com
or follow the company on X at
x.com/MDLZ
.
Forward-Looking Statements
This press release contains forward-looking statements. Words, and variations of words, such as “will,” “may,” “expect,” “plan,” “continue” and similar expressions are intended to identify these forward-looking statements, including, but not limited to, statements of belief or expectation and statements about Mondelēz International’s leadership position in snacking. These forward-looking statements are subject to change and to inherent risks and uncertainties, many of which are beyond Mondelēz International’s control, which could cause Mondelēz International’s actual results or outcomes to differ materially from those projected or assumed in these forward-looking statements. Please also see Mondelēz International’s risk factors, as they may be amended from time to time, set forth in its filings with the U.S. Securities and Exchange Commission, including its most recently filed Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. There may be other factors not presently known to Mondelēz International or which it currently considers to be immaterial that could cause Mondelēz International’s actual results to differ materially from those projected in any forward-looking statements it makes. Mondelēz International disclaims and does not undertake any obligation to update or revise any forward-looking statement in this press release, except as required by applicable law or regulation.
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