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Mondelez International
(NASDAQ:MDLZ)
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Rating:63Neutral
Price Target:
$65.00
â–²(13.54% Upside)
Action:Reiterated
Date:06/19/26
MDLZ scores moderately primarily due to stable financial fundamentals but clear margin compression and a recent free-cash-flow decline. Earnings-call commentary supports the outlook with strong emerging-markets performance and execution, yet reaffirmed guidance and cost/geopolitical headwinds cap near-term upside. Technically the stock is mixed (longer-term support but softer near-term momentum), and valuation is held back by a ~30 P/E despite a ~3.24% dividend yield.
Positive Factors
Global branded portfolio & scale
Mondelez’s deep portfolio of iconic global snack brands and scale across biscuits, chocolate and gum creates durable pricing power, distribution leverage and shelf presence. This entrenched brand equity supports steady revenue, promotes premiumization and lowers per-unit marketing/production costs over time.
Negative Factors
Multi-year margin compression
Material margin decline versus prior years reflects higher input, logistics and mix pressures. Sustained margin compression erodes return on invested capital and limits funding for growth initiatives; recovery depends on permanent cost saves, pricing power and favorable commodity dynamics which are uncertain.
Read all positive and negative factors
Positive Factors
Negative Factors
Global branded portfolio & scale
Mondelez’s deep portfolio of iconic global snack brands and scale across biscuits, chocolate and gum creates durable pricing power, distribution leverage and shelf presence. This entrenched brand equity supports steady revenue, promotes premiumization and lowers per-unit marketing/production costs over time.
Read all positive factors
Mondelez International Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where Mondelez International is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where Mondelez International is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyMondelez International (MDLZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$78.19B
Dividend Yield3.53%
Average Volume (3M)8.15M
Price to Earnings (P/E)30.2
Beta (1Y)>-0.01
Revenue Growth7.79%
EPS Growth-25.10%
CountryUS
Employees90,000
SectorConsumer Defensive
Sector Strength42
IndustryFood Confectioners
Share Statistics
EPS (TTM)2.02
Shares Outstanding1,283,649,800
10 Day Avg. Volume10,168,997
30 Day Avg. Volume8,154,636
Financial Highlights & Ratios
PEG Ratio-0.63
Price to Book (P/B)2.70
Price to Sales (P/S)1.81
P/FCF Ratio21.53
Enterprise Value/Market Cap1.26
Enterprise Value/Revenue2.50
Enterprise Value/Gross Profit8.69
Enterprise Value/Ebitda19.14
Forecast
1Y Price Target
$67.24Price Target Upside17.44% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering17
EPS Forecast (FY)3.05
Revenue Forecast (FY)$39.97B
Mondelez International Business Overview & Revenue Model
Company Description
Mondelez International, Inc. operates as a prominent global entity in the snack and beverage sector, focusing on the production, promotion, and distribution of a wide array of food items. Its extensive reach spans multiple continents, including No...
How the Company Makes Money
Mondelez primarily makes money by selling packaged snack foods to retail and wholesale customers, generating revenue when it ships branded products (e.g., biscuits, chocolate, gum/candy) through its global distribution network. Its key revenue str...
Mondelez International Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 28, 2026
Earnings Call Sentiment Positive
The call communicated a mostly positive operational and top-line performance in Q1 — led by a strong emerging-markets contribution (6.3% growth), improving developed-market momentum, successful innovations, and supply-chain productivity that helped limit margin deterioration. Offsetting these positives, management emphasized meaningful near-term cost headwinds from the Middle East conflict (alternative logistics, oil/packaging impacts), an inventory phasing drag (~$350M) and a ~270-basis-point margin decline, along with fragile consumer confidence in some developed markets and pockets of category softness. Management therefore reaffirmed guidance and signaled any upside would likely be reinvested to sustain growth. Overall the tone is cautiously optimistic: solid execution and growth engines are evident, but geopolitical and cost risks temper near-term upside.Positive Updates
Emerging Markets Strong Growth
Emerging markets grew 6.3% in Q1 and represent ~40% of the business. Volume/mix in emerging markets was +0.5% (nearly +1% excluding Argentina). China delivered mid-single-digit growth (including a strong Chinese New Year); India posted strong double-digit growth in chocolate and biscuits (Biscoff launch sold out); Brazil delivered high-single-digit growth; Mexico was flat.
Negative Updates
Middle East Conflict-Related Cost Headwinds
The Middle East conflict created incremental costs (alternative production/delivery routes, logistics) and oil/packaging cost pressures. Management cited these headwinds as a primary reason for reaffirming EPS guidance rather than upping it.
Read all updates
Q1-2026 Updates
Positive
Negative
Emerging Markets Strong Growth
Emerging markets grew 6.3% in Q1 and represent ~40% of the business. Volume/mix in emerging markets was +0.5% (nearly +1% excluding Argentina). China delivered mid-single-digit growth (including a strong Chinese New Year); India posted strong double-digit growth in chocolate and biscuits (Biscoff launch sold out); Brazil delivered high-single-digit growth; Mexico was flat.
Read all positive updates
Company Guidance
The company reaffirmed its fiscal 2026 EPS guidance while flagging both momentum and specific headwinds: Q1 emerging markets (≈40% of the business) grew 6.3% with volume/mix +0.5% (≈+1% ex‑Argentina), China mid‑single‑digit, Evirth high‑single‑digit, India double‑digit, Brazil high‑single‑digit and Mexico flat; North America posted slightly positive net revenue in Q1 with management expecting a sequential revenue/volume inflection later in the year. Management cited an inventory‑phasing headwind of roughly $350 million, Q1 gross margins down ~270 basis points, industry cocoa coverage averaging ~10 months and a current cocoa reference level around 2,500 (grindings still negative, potential surplus), and said oil/packaging costs are largely hedged for the year and into 2027; any EPS upside would likely be reinvested as they reiterated confidence in strong 2027 EPS growth.Mondelez International Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
70
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.30B | 38.54B | 36.44B | 36.02B | 31.50B | 28.72B |
| Gross Profit | 11.31B | 10.94B | 14.26B | 13.76B | 11.31B | 11.25B |
| EBITDA | 5.13B | 4.65B | 8.07B | 7.64B | 4.76B | 5.85B |
| Net Income | 2.61B | 2.45B | 4.61B | 4.96B | 2.72B | 4.30B |
Balance Sheet | ||||||
| Total Assets | 71.12B | 71.49B | 68.50B | 71.39B | 71.16B | 67.09B |
| Cash, Cash Equivalents and Short-Term Investments | 1.52B | 2.13B | 1.35B | 1.81B | 1.92B | 3.55B |
| Total Debt | 21.62B | 22.40B | 18.37B | 19.95B | 23.54B | 19.97B |
| Total Liabilities | 45.32B | 45.60B | 41.54B | 43.02B | 44.24B | 38.77B |
| Stockholders Equity | 25.75B | 25.84B | 26.93B | 28.33B | 26.88B | 28.27B |
Cash Flow | ||||||
| Free Cash Flow | 2.58B | 3.23B | 3.52B | 3.60B | 3.00B | 3.18B |
| Operating Cash Flow | 3.89B | 4.51B | 4.91B | 4.71B | 3.91B | 4.14B |
| Investing Cash Flow | -1.37B | -1.20B | 526.00M | 2.81B | -4.89B | -26.00M |
| Financing Cash Flow | -2.66B | -2.76B | -5.78B | -7.56B | -456.00M | -4.07B |
Mondelez International Technical Analysis
Positive
57.25
Price Trends
60.49
Positive
58.99
Positive
57.81
Positive
Market Momentum
-0.27
Positive
52.01
Neutral
30.40
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MDLZ, the sentiment is Positive. The current price of 57.25 is below the 20-day moving average (MA) of 60.83, below the 50-day MA of 60.49, and below the 200-day MA of 57.81, indicating a bullish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 52.01 is Neutral, neither overbought nor oversold. The STOCH value of 30.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for MDLZ.
Mondelez International Risk Analysis
Mondelez International disclosed 24 risk factors in its most recent earnings report. Mondelez International reported the most risks in the "Macro & Political" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Mondelez International Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | $45.31B | 24.67 | 7.25% | 3.12% | 9.19% | 21.61% | |
66 Neutral | $36.95B | 33.24 | 23.72% | 3.00% | 11.50% | -33.67% | |
63 Neutral | $78.19B | 30.15 | 10.04% | 3.53% | 7.79% | -25.10% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $20.05B | -221.00 | 23.70% | 5.19% | -5.45% | -104.44% | |
53 Neutral | $30.08B | -5.24 | -13.85% | 6.75% | -1.75% | -319.68% |
* Consumer Defensive Sector Average
MDLZ
Mondelez International
60.91
-5.60
-8.42%
KDP
Keurig Dr Pepper
33.30
0.62
1.90%
GIS
General Mills
37.57
-11.49
-23.41%
HSY
The Hershey Company
182.14
11.69
6.86%
KHC
Kraft Heinz
25.37
0.93
3.81%
Mondelez International Corporate Events
Business Operations and StrategyExecutive/Board Changes
Mondelez Appoints Amit Banati as New Chief Financial Officer
Positive
Jun 18, 2026
On June 15, 2026, Mondelēz International announced that seasoned consumer-goods executive Amit Banati will become Executive Vice President and Chief Financial Officer effective July 1, 2026, reporting to Chair and CEO Dirk Van de Put. He succ...
Executive/Board ChangesShareholder Meetings
Mondelez Shareholders Back Board, Reject Governance Changes
Positive
May 26, 2026
On May 20, 2026, Mondelez International held its annual meeting of shareholders, with 89.3% of outstanding Class A shares represented, and investors elected 10 directors to one-year terms while also approving on an advisory basis the compensation ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.