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Mondelez International
(NASDAQ:MDLZ)
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Rating:73Outperform
Price Target:
$64.00
▲(1.60% Upside)
Action:Upgraded
Date:07/29/26
MDLZ scores well primarily on solid financial durability (reliable cash flow and long-term revenue growth) and a constructive earnings outlook (raised revenue guide and expected gross profit dollar acceleration). Technicals also support the score with the stock trading above major moving averages. The main constraints are margin volatility versus recent peaks and moderate leverage, while valuation is reasonable but not notably cheap despite the 3.2% dividend yield.
Positive Factors
Revenue Growth and Cash Generation
Multi-year revenue expansion combined with strong operating and free cash flow demonstrates a durable branded-consumer business that converts demand into funding. This supports continued marketing, innovation, debt service, and shareholder distributions while reducing reliance on external financing.
Negative Factors
Margin Volatility
Profitability remains below recent peaks, indicating that revenue growth has not translated consistently into margin expansion. If cost pressure or adverse mix persists, lower margins could constrain reinvestment, weaken earnings conversion, and make future operating performance more sensitive to execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth and Cash Generation
Multi-year revenue expansion combined with strong operating and free cash flow demonstrates a durable branded-consumer business that converts demand into funding. This supports continued marketing, innovation, debt service, and shareholder distributions while reducing reliance on external financing.
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
$81.43B
Dividend Yield3.17%
Average Volume (3M)7.90M
Price to Earnings (P/E)23.4
Beta (1Y)0.03
Revenue Growth6.93%
EPS Growth-0.53%
CountryUS
Employees91,000
SectorConsumer Defensive
Sector Strength42
IndustryFood Confectioners
Share Statistics
EPS (TTM)2.73
Shares Outstanding1,276,308,100
10 Day Avg. Volume7,820,722
30 Day Avg. Volume7,899,120
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 Cap1.16
Enterprise Value/Revenue2.39
Enterprise Value/Gross Profit7.67
Enterprise Value/Ebitda15.14
Forecast
1Y Price Target
$70.08Price Target Upside11.25% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering14
EPS Forecast (FY)3.05
Revenue Forecast (FY)$40.16B
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 makes money primarily by selling branded snack products to retail and wholesale customers, generating revenue from high-volume consumer packaged goods (CPG) sales across its major categories (chocolate, biscuits/cookies, and baked snacks,...
Mondelez International Earnings Call Summary
Earnings Call Date:Jul 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call emphasized multiple durable growth drivers—strong emerging markets expansion, improving North America performance, successful innovation (notably the Biscoff collaboration), gross profit dollar growth, and planned productivity/AI initiatives—while acknowledging manageable headwinds from cocoa volatility, Middle East impacts, Europe weather-related softness, and temporary EPS phasing. On balance the positives (distribution gains, product/innovation traction, gross profit dollar growth, and clear productivity levers) outweigh the near-term challenges, which management characterizes as largely phasing or manageable.Positive Updates
Strong Q2 Top-Line and Volume
Company reported strong top-line performance in Q2, citing ~4.4% top-line growth and robust volume growth for the quarter. Management emphasized sustained consumer snacking demand in emerging markets and positive volume/mix momentum across regions.
Negative Updates
Middle East Impact and Incremental Costs
The Middle East conflict has created incremental cost and revenue impacts that are included in guidance and are pressuring margins in affected areas; management noted they are digesting these costs within the outlook.
Read all updates
Q2-2026 Updates
Positive
Negative
Strong Q2 Top-Line and Volume
Company reported strong top-line performance in Q2, citing ~4.4% top-line growth and robust volume growth for the quarter. Management emphasized sustained consumer snacking demand in emerging markets and positive volume/mix momentum across regions.
Read all positive updates
Company Guidance
The company reiterated full‑year guidance with net revenue now targeted at at least +2% (constant currency) while maintaining EPS guidance, noting Q2 results included net revenue +4.4%, volume/mix up ~1.2% and a ~34% reported gross margin with gross profit dollars +3% year‑over‑year; management said gross profit dollars should accelerate into Q3 and Q4, with EBIT up in both quarters (but EPS slightly back‑weighted to Q4 due to cocoa phasing and some interest/tax timing). They highlighted durable drivers — emerging markets expansion (India +100k stores, Brazil ~1.0M stores), double‑digit reinvestment in A&C, strong value‑channel growth in the U.S. (high‑single digits) and away‑from‑home (mid‑single digits) — and flagged commodity/cocoa dynamics (industry surplus ~0.5M mt, industry coverage ~10 months, specs net short <200k mt) while reiterating a view of “strong” 2027 EPS growth, insulated by volume/mix, productivity and portfolio levers.Mondelez International Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.67B | 38.54B | 36.44B | 36.02B | 31.50B | 28.72B |
| Gross Profit | 12.36B | 10.94B | 14.26B | 13.76B | 11.31B | 11.25B |
| EBITDA | 6.26B | 4.97B | 8.07B | 7.64B | 4.76B | 5.85B |
| Net Income | 3.52B | 2.45B | 4.61B | 4.96B | 2.72B | 4.30B |
Balance Sheet | ||||||
| Total Assets | 71.25B | 71.49B | 68.50B | 71.39B | 71.16B | 67.09B |
| Cash, Cash Equivalents and Short-Term Investments | 1.72B | 2.13B | 1.35B | 1.81B | 1.92B | 3.55B |
| Total Debt | 22.06B | 22.40B | 18.37B | 19.95B | 23.54B | 19.97B |
| Total Liabilities | 44.55B | 45.60B | 41.54B | 43.02B | 44.24B | 38.77B |
| Stockholders Equity | 26.64B | 25.84B | 26.93B | 28.33B | 26.88B | 28.27B |
Cash Flow | ||||||
| Free Cash Flow | 3.08B | 3.23B | 3.52B | 3.60B | 3.00B | 3.18B |
| Operating Cash Flow | 4.44B | 4.51B | 4.91B | 4.71B | 3.91B | 4.14B |
| Investing Cash Flow | -1.32B | -1.20B | 526.00M | 2.81B | -4.89B | -26.00M |
| Financing Cash Flow | -2.94B | -2.76B | -5.78B | -7.56B | -456.00M | -4.07B |
Mondelez International Technical Analysis
Positive
62.99
Price Trends
61.49
Positive
60.97
Positive
59.30
Positive
Market Momentum
0.95
Negative
58.96
Neutral
74.08
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 62.99 is above the 20-day moving average (MA) of 61.13, above the 50-day MA of 61.49, and above the 200-day MA of 59.30, indicating a bullish trend. The MACD of 0.95 indicates Negative momentum. The RSI at 58.96 is Neutral, neither overbought nor oversold. The STOCH value of 74.08 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $81.43B | 23.37 | 13.47% | 3.17% | 6.93% | -0.53% | |
63 Neutral | $34.09B | 22.99 | 32.20% | 3.38% | 7.69% | -2.62% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | $47.19B | 34.89 | 5.64% | 2.65% | 27.48% | -12.53% | |
53 Neutral | $29.41B | -8.67 | -8.44% | 6.45% | -1.62% | 36.06% | |
52 Neutral | $18.39B | -20.84 | -10.69% | 7.10% | -4.49% | -131.46% |
* Consumer Defensive Sector Average
MDLZ
Mondelez International
63.80
4.26
7.15%
KDP
Keurig Dr Pepper
34.68
6.35
22.43%
GIS
General Mills
34.39
-10.78
-23.87%
HSY
The Hershey Company
169.64
-6.50
-3.69%
KHC
Kraft Heinz
24.80
0.85
3.55%
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.