Shares of Mondelez International Inc (NASDAQ:MDLZ) ended Tuesday session in red amid volatile trading. The shares closed down -0.62 points or -1.42% at $43.16 with 6.01 million shares getting traded. Post opening the session at $43.54, the shares hit an intraday low of $43.03 and an intraday high of $43.98 and the price vacillated in this range throughout the day. The company has a market cap of $66.95 billion and the numbers of outstanding shares have been calculated to be 1.56 billion shares.
In October, Mondelēz International will be sending 15 employees from 11 countries around the world to learn and serve in cocoa-farming communities in Ghana. During this two-week skills exchange program, these “Joy Ambassadors” will hear directly from farmers the challenges and opportunities in securing a sustainable cocoa supply, while sharing their diverse business skills.
Now in its third year, the Joy Ambassador program is part of the company’s Call For Well-being, which focuses on fueling growth and making a positive impact for future generations. This year, the program’s theme is centered on enhancing the capacity of cocoa farmers’ societies, which are critical stakeholders in the supply chain. These cooperatives provide individual cocoa farmers with increased access to markets and inputs, and serve as a hub to share best practices. The Joy Ambassadors will help train cooperative and community leaders on developing their business management skills to help enhance cooperatives’ participation, collaboration and engagement.
As the largest buyer of cocoa in the world, Mondelēz International is committed to ensuring a sustainable cocoa supply chain by implementing programs on the ground, most notably Cocoa Life. Launched in 2012, this $400 million program aims to empower over 200,000 farmers and more than one million people in six key cocoa growing origins by 2022. Through Cocoa Life, the company is focused on achieving scale and driving impact in Ghana, Cote d’Ivoire, Indonesia, India, Dominican Republic and Brazil.
“Our Joy Ambassadors program is a once-in-a-lifetime experience for our talented colleagues to share their business and leadership skills with Cocoa Life communities, while also gaining a deeper understanding of the cocoa supply chain and the challenges farmers face,” said Sarah Delea, President of the Mondelēz International Foundation and Senior Director for Well-being and Community Involvement. “Each year, our Ambassadors come back with fresh perspectives and insights that inspire and grow our people, as well as help grow our business and impact on the ground.”
Shares of Reynolds American, Inc. (NYSE:RAI) ended Tuesday session in red amid volatile trading. The shares closed down -0.12 points or -0.26% at $46.80 with 6.33 million shares getting traded. Post opening the session at $47.07, the shares hit an intraday low of $46.38 and an intraday high of $47.10 and the price vacillated in this range throughout the day. The company has a market cap of $66.49 billion and the numbers of outstanding shares have been calculated to be 1.43 billion shares.
Reynolds American, Inc. (RAI) manufactures, and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, Santa Fe, and American Snuff segments. The RJR Tobacco segment offers cigarettes under the NEWPORT, CAMEL, PALL MALL, DORAL, MISTY, and CAPRI brands; and CAMEL Snus, a smoke-free tobacco product, as well as manages various licensed brands, including DUNHILL and STATE EXPRESS 555. The Santa Fe segment manufactures and markets cigarettes and other tobacco products under the NATURAL AMERICAN SPIRIT brand.