Mondelez International Acquires Majority Stake in Undercover Snacks

Mondelez International announced a majority investment in Undercover Snacks. The company plans to acquire Undercover Snacks. Undercover Snacks, a better-for-you snack brand, will continue to operate as a standalone business but will gain access to Mondelez International's resources to accelerate innovation and distribution. Separately, Mondelez International reported net revenues rose 2.3 percent and adjusted earnings per share grew 5.5 percent in the third quarter of 2026.

The acquisition positions Undercover Snacks to capitalize on growing consumer demand for better-for-you snacks. Following the announcement, Mondelez International's shares jumped 4.3 percent, indicating the market views the news as meaningful.