Want to see MDLZ full AI Analyst Report?
Top Page
Mondelez International
(NASDAQ:MDLZ)
Select Model
Select Model
Rating:66Neutral
Price Target:
$66.00
▲(9.05% Upside)
Action:Reiterated
Date:07/29/26
MDLZ scores as a solid but not standout setup: the largest drag is mid-range financial performance driven by multi-year margin compression and a recent decline in free cash flow. Offsetting this, the latest earnings call was constructive with raised top-line guidance and improving gross profit outlook supported by distribution and innovation gains. Technically the stock is in a steady uptrend versus key moving averages, while valuation remains somewhat rich despite a healthy dividend.
Positive Factors
Brand portfolio & scale
A globally diversified portfolio of leading snack brands provides durable pricing power, strong shelf presence and wide retailer commitment. Scale in manufacturing, procurement and distribution reduces per-unit costs and supports steady share gains across channels and regions over multi-year horizons.
Negative Factors
Cocoa/commodity exposure & EPS phasing
Significant exposure to cocoa and other commodities creates structural earnings volatility and timing risk. Price spikes or adverse weather can compress gross margins and force cash/hedging actions, reducing predictability of multi-quarter EPS and complicating capital allocation decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand portfolio & scale
A globally diversified portfolio of leading snack brands provides durable pricing power, strong shelf presence and wide retailer commitment. Scale in manufacturing, procurement and distribution reduces per-unit costs and supports steady share gains across channels and regions over multi-year horizons.
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
$79.53B
Dividend Yield3.21%
Average Volume (3M)9.33M
Price to Earnings (P/E)22.9
Beta (1Y)-0.02
Revenue Growth6.93%
EPS Growth-0.53%
CountryUS
Employees91,000
SectorConsumer Defensive
Sector Strength42
IndustryFood Confectioners
Share Statistics
EPS (TTM)2.72
Shares Outstanding1,276,308,100
10 Day Avg. Volume8,796,154
30 Day Avg. Volume9,331,013
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$70.56Price Target Upside16.59% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering16
EPS Forecast (FY)3.05
Revenue Forecast (FY)$40.18B
Mondelez International Business Overview & Revenue Model
Company Description
Mondelez International, Inc. (MDLZ) is a global snack food company that manufactures, markets, and sells branded snack products in markets worldwide. The company’s portfolio is concentrated in biscuits (cookies and crackers), chocolate, and gum & ...
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:Jul 28, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 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
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 | 39.67B | 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 | 6.18B | 4.65B | 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
60.52
Price Trends
60.86
Positive
59.62
Positive
57.82
Positive
Market Momentum
0.67
Negative
56.31
Neutral
38.90
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 60.52 is below the 20-day moving average (MA) of 61.14, below the 50-day MA of 60.86, and above the 200-day MA of 57.82, indicating a bullish trend. The MACD of 0.67 indicates Negative momentum. The RSI at 56.31 is Neutral, neither overbought nor oversold. The STOCH value of 38.90 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $79.53B | 22.91 | 13.47% | 3.30% | 6.93% | -0.53% | |
65 Neutral | $42.34B | 23.05 | 7.25% | 3.10% | 9.19% | 21.61% | |
63 Neutral | $35.51B | 58.74 | 32.20% | 3.24% | 7.69% | -2.62% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | $30.65B | -5.34 | -8.44% | 6.23% | -1.75% | -319.68% | |
61 Neutral | $19.08B | -210.29 | -0.99% | 6.77% | -5.45% | -104.44% |
* Consumer Defensive Sector Average
MDLZ
Mondelez International
62.61
2.86
4.78%
KDP
Keurig Dr Pepper
30.01
-3.29
-9.88%
GIS
General Mills
36.89
-10.02
-21.36%
HSY
The Hershey Company
182.35
3.44
1.92%
KHC
Kraft Heinz
25.32
-0.69
-2.67%
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.