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Mondelez International (MDLZ)
NASDAQ:MDLZ
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Mondelez International
(NASDAQ:MDLZ)
Rating:72Outperform
Price Target:
$73.00
▲(9.56%Upside)
Positive Factors
Market Position
Mondelez stands out as one of the few consumer packaged goods companies to maintain guidance despite declining consumer confidence.
Sales Rebound
Management expressed strong confidence in a sales rebound due to one-off factors reversing and favorable foreign exchange impacts.
Negative Factors
Cocoa Costs
Cautious earnings guidance of 10% decline in earnings on high cocoa prices.
U.S. Market Performance
Management acknowledged weaker-than-expected results in the U.S. with a decline of 3.6%.
Mondelez International (MDLZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$87.41B
Dividend Yield2.74%
Average Volume (3M)7.14M
Price to Earnings (P/E)25.1
Beta (1Y)0.08
Revenue Growth0.90%
EPS Growth-14.60%
CountryUS
Employees90,000
SectorConsumer Defensive
Sector Strength72
IndustryFood Confectioners
Share Statistics
EPS (TTM)0.74
Shares Outstanding1,294,815,400
10 Day Avg. Volume6,144,426
30 Day Avg. Volume7,140,755
Financial Highlights & Ratios
PEG Ratio-1.15
Price to Book (P/B)3.45
Price to Sales (P/S)0.00
P/FCF Ratio25.94
Enterprise Value/Market Cap1.20
Enterprise Value/Revenue0.72
Enterprise Value/Gross Profit8.76
Enterprise Value/Ebitda3.53
Forecast
1Y Price Target
$72.44Price Target Upside8.72% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering19
Mondelez International Business Overview & Revenue Model
Company DescriptionMondelez International, Inc. (MDLZ) is a multinational confectionery, food, and beverage company headquartered in Chicago, Illinois. It operates in the snack food sector and is known for its leading global brands such as Oreo, Cadbury, Toblerone, Trident, and Ritz. The company primarily focuses on producing chocolate, biscuits, gum, candy, cheese, and powdered beverages, serving markets across North America, Europe, Latin America, Asia, the Middle East, and Africa.
How the Company Makes MoneyMondelez International generates revenue through the manufacturing, marketing, and distribution of its diverse portfolio of snack food products. The company's key revenue streams include sales of chocolate products, biscuits, gum and candy, and cheese and grocery items. Mondelez International leverages its well-established brand portfolio to secure strong market positions globally. Additionally, the company benefits from strategic partnerships and collaborations to expand its product offerings and reach. Mondelez also employs pricing strategies and innovation in product development to sustain growth in competitive markets. Revenue is further supported by strategic acquisitions and investments in emerging markets to capture new consumer segments.
Mondelez International Key Performance Indicators (KPIs)
Any
Revenue by Segment
Analyzes revenue from different business segments, highlighting which product lines or services are driving growth and where there might be challenges or opportunities for expansion.
Analyzes revenue from different business segments, highlighting which product lines or services are driving growth and where there might be challenges or opportunities for expansion.
Data provided by:
Main Street Data
Main Street DataMondelez International Earnings Call Summary
Earnings Call Date:Apr 29, 2025
(Q1-2025)
| % Change Since: 1.49%|
Next Earnings Date:Jul 29, 2025
Earnings Call Sentiment Neutral
Mondelez International's Q1 2025 results show strong revenue growth and successful strategic execution, particularly in the chocolate segment, despite significant challenges from record cocoa costs and soft consumer confidence in North America. The company effectively managed pricing strategies and maintained market share gains, although volume declines and retail destocking presented hurdles.Q1-2025 Updates
Positive Updates
Strong Overall Revenue Growth
Mondelez achieved a year-over-year organic net revenue growth of 3.1% in Q1, driven by strong pricing execution and a solid performance in the chocolate segment despite external volatility.
Successful Strategic Initiatives
The company made significant progress in its strategic growth agenda, including brand reinvestment, distribution expansion, and sustainability efforts. Notably, Mondelez added over 100,000 stores in emerging markets and expanded its Cocoa Life program.
Record Performance in Chocolate Segment
Chocolate revenue grew by 10.1%, with successful pricing strategies and innovative product launches like the Cadbury Dairy Milk Biscoff bar contributing to the segment's strong performance.
Solid Free Cash Flow
Mondelez generated $800 million in free cash flow during the quarter, demonstrating financial strength despite significant input cost pressures.
Market Share Gains
The company gained market share in both biscuits and chocolate, particularly in Europe, driven by strong brand loyalty and effective marketing strategies.
Negative Updates
Impact of Record Cocoa Costs
Record cocoa input costs significantly impacted gross profit and EPS, highlighting ongoing challenges in managing commodity price volatility.
US Retail Destocking and Soft Consumer Confidence
North America experienced a 3.6% decline in revenue due to retailer destocking and lower consumer confidence, particularly affecting the biscuit category.
Volume Mix Decline
Overall volume mix declined by 3.5%, influenced by factors such as elasticity from pricing, trade destocking, and planned product downsizing activities.
Softness in US Biscuit Category
The US biscuit business faced challenges with softer demand and increased value-seeking behavior among consumers, resulting in share losses.
Company Guidance
During Mondelez International's first quarter 2025 earnings call, the company reported a 3.1% increase in top-line growth, driven by strong pricing execution in response to unprecedented cocoa input costs. The company generated $800 million in free cash flow, despite a 3.5% decline in volume mix due to elasticity and onetime factors like Easter phasing and retailer inventory destocking. Mondelez's chocolate segment grew by 10.1%, with significant growth across both developed and emerging markets, while biscuits and baked snacks saw modest growth of 0.3%. In North America, challenges included a 3.6% revenue decline due to retailer destocking and softer consumer demand, although the company gained market share in the biscuit category. The company's strategic efforts focused on reinforcing brand loyalty, expanding distribution, and maintaining key price points, with a strong emphasis on sustainability initiatives, such as sourcing 91% of cocoa volume through their Cocoa Life program. Looking forward, Mondelez reaffirmed its full-year outlook with anticipated revenue growth of approximately 5%, while expecting continued volatility in consumer confidence, particularly in North America.Mondelez International Financial Statement Overview
Summary
Mondelez International exhibits strong revenue growth and operational efficiency, with robust cash flow metrics. However, increased liabilities and some variability in net profitability suggest areas for improvement.Income Statement
Mondelez International shows strong revenue growth with a steady rise from $26.58 billion in 2020 to $36.46 billion TTM (Trailing-Twelve-Months) in 2025. The gross profit margin has remained robust, with the latest TTM figure at approximately 32.73%. However, the net profit margin has shown some variability, with a decrease to around 9.88% TTM from 12.66% in 2024. EBIT and EBITDA margins also reflect solid operational efficiency, maintaining stability above 11% and 15%, respectively. The overall trend suggests strong revenue growth and operational efficiency, though there is room for improvement in net profitability.82
Very Positive
Balance Sheet
The balance sheet reflects a sound financial position with a debt-to-equity ratio of approximately 0.78 TTM, indicating moderate leverage. Stockholders' equity has shown resilience despite slight fluctuations, reflecting stability. The equity ratio stands at 37.41%, showcasing a reasonable proportion of equity financing. However, the company's total liabilities have increased, which could pose risks if not managed carefully. Overall, the balance sheet shows a balanced approach to leverage and equity, though increased liabilities warrant attention.75
Positive
Cash Flow
Mondelez's cash flow statement reveals a strong operating cash flow to net income ratio of approximately 1.3 TTM, indicating efficient cash generation relative to earnings. The free cash flow to net income ratio is also robust at about 0.92, showing solid free cash generation. While free cash flow growth has been uneven, the company's ability to maintain healthy cash metrics demonstrates financial flexibility and resilience. This strength in cash flows supports future growth opportunities and dividend potential.80
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 36.46B | 36.44B | 36.02B | 31.50B | 28.72B | 26.58B | Gross Profit |
| 11.94B | 14.26B | 13.76B | 11.31B | 11.25B | 10.45B | EBIT |
| 4.30B | 6.34B | 5.50B | 3.53B | 5.06B | 3.85B | EBITDA |
| 5.95B | 8.07B | 8.11B | 5.84B | 6.11B | 5.42B | Net Income Common Stockholders |
| 3.60B | 4.61B | 4.96B | 2.72B | 3.18B | 2.16B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 1.56B | 1.35B | 1.81B | 1.92B | 3.55B | 3.62B | Total Assets |
| 68.93B | 68.50B | 71.39B | 71.16B | 67.09B | 67.81B | Total Debt |
| 20.16B | 18.37B | 19.95B | 23.45B | 19.97B | 20.52B | Net Debt |
| 18.59B | 17.02B | 18.14B | 21.52B | 16.43B | 16.90B | Total Liabilities |
| 43.10B | 41.54B | 43.02B | 44.24B | 38.77B | 40.16B | Stockholders Equity |
| 25.79B | 26.93B | 28.33B | 26.88B | 28.27B | 27.58B |
| Cash Flow | Free Cash Flow | ||||
| 3.31B | 3.52B | 3.60B | 3.00B | 3.18B | 3.10B | Operating Cash Flow |
| 4.68B | 4.91B | 4.71B | 3.91B | 4.14B | 3.96B | Investing Cash Flow |
| 721.00M | 526.00M | 2.81B | -4.89B | -26.00M | 500.00M | Financing Cash Flow |
| -5.26B | -5.78B | -7.56B | -456.00M | -4.07B | -2.21B |
Mondelez International Technical Analysis
Positive
66.63
Price Trends
66.50
Positive
63.74
Positive
65.31
Positive
Market Momentum
0.23
Negative
51.50
Neutral
69.39
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 66.63 is above the 20-day moving average (MA) of 66.14, above the 50-day MA of 66.50, and above the 200-day MA of 65.31, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 51.50 is Neutral, neither overbought nor oversold. The STOCH value of 69.39 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 2 New Risks
1.
We are subject to risks from operating globally, including potential cost impacts of any tariffs that may be enacted by governments as well as other trade and regulatory uncertainty. Q4, 2024
2.
We are subject to risks from changes to the trade policies and tariff and import/export regulations by the U.S. and/or other foreign governments. Q4, 2024
Mondelez International Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | $33.04B | 20.11 | 37.48% | 3.36% | -5.91% | -19.78% | |
72 Outperform | $87.41B | 25.09 | 13.27% | 2.74% | 0.90% | -14.60% | |
69 Neutral | $45.41B | 18.56 | 26.59% | 1.91% | -1.94% | 23.94% | |
68 Neutral | $31.52B | 12.07 | 5.36% | 5.97% | -4.25% | -4.04% | |
67 Neutral | $28.49B | 20.69 | 39.05% | 2.77% | -12.00% | 49.20% | |
65 Neutral | $8.94B | 14.99 | 4.76% | 203.76% | 3.54% | -2.49% | |
63 Neutral | $29.64B | 11.89 | 27.37% | 4.42% | -2.62% | 4.27% |
* Consumer Defensive Sector Average
Performance Comparison
MDLZ
Mondelez International
66.63
0.30
0.45%
GIS
General Mills
54.61
-10.25
-15.80%
HSY
The Hershey Company
161.48
-29.62
-15.50%
K
Kellanova
81.91
23.48
40.18%
KR
Kroger Company
66.34
15.48
30.44%
KHC
Kraft Heinz
26.70
-6.12
-18.65%
Mondelez International Corporate Events
Executive/Board ChangesShareholder Meetings
Mondelez Approves New Severance Plan for Executives
Neutral
May 27, 2025
On May 20, 2025, Mondelēz International, Inc. announced the approval of a new Severance Plan for Key Executives, which includes various benefits such as cash severance, health benefits, and equity award accelerations, aimed at providing support upon termination without cause or resignation for good reason. The following day, the company held its annual shareholders’ meeting, where 10 directors were elected, and several proposals were voted on, including the approval of executive compensation and the Global Employee Stock Purchase Matching Plan, while several shareholder proposals were not approved.
The most recent analyst rating on (MDLZ) stock is a Buy with a $76.00 price target. To see the full list of analyst forecasts on Mondelez International stock, see the MDLZ Stock Forecast page.
Private Placements and Financing
Mondelez International Completes $1.6 Billion Notes Offering
Neutral
May 6, 2025
On May 1, 2025, Mondelez International announced the pricing of a senior notes offering, including notes due in 2028, 2030, and 2035, totaling $1.6 billion. The issuance, completed on May 6, 2025, was facilitated through agreements with several underwriters and modifications to existing indentures, reflecting the company’s strategic financial maneuvers to manage its debt and financing structure.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
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.