Mondelez International (MDLZ)
NASDAQ:MDLZ
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Mondelez International
(NASDAQ:MDLZ)
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Rating:63Neutral
Price Target:
$62.00
â–²(8.30% Upside)
Action:ReiteratedDate:04/29/26
The score is primarily driven by mid-range financial performance: stable revenue and a sound balance sheet, but meaningful margin compression and a recent free-cash-flow decline. Technicals are neutral-to-slightly positive, while valuation is held back by an unusable P/E input despite a solid dividend yield. The latest earnings call was cautiously constructive on growth and execution but highlighted material near-term cost and margin headwinds.
Positive Factors
Brand Portfolio & Distribution
A diversified roster of iconic, global snack brands and multi-channel distribution provides a durable moat. Strong brand equity supports pricing power, sustained demand, and premiumization opportunities across retailers and e-commerce, underpinning steady revenues and resilience over months.
Negative Factors
Margin Compression
Material multi-year margin erosion lowers structural profitability and ROE, reducing internal funding for growth. Persistent margin pressure from cost inflation, mix shifts or promotional activity can constrain earnings resilience and strategic investment capacity across the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Brand Portfolio & Distribution
A diversified roster of iconic, global snack brands and multi-channel distribution provides a durable moat. Strong brand equity supports pricing power, sustained demand, and premiumization opportunities across retailers and e-commerce, underpinning steady revenues and resilience over months.
Read all positive factors
Mondelez International (MDLZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$78.79B
Dividend Yield3.53%
Average Volume (3M)9.38M
Price to Earnings (P/E)32.9
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. Volume7,585,339
30 Day Avg. Volume9,382,331
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/Revenue2.53
Enterprise Value/Gross Profit8.80
Enterprise Value/Ebitda20.78
Forecast
1Y Price Target
$65.85Price Target Upside15.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering20
EPS Forecast (FY)3.06
Revenue Forecast (FY)$39.97B
Mondelez International Business Overview & Revenue Model
Company Description
Mondelez International, Inc., through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits, including cookies, crac...
How the Company Makes Money
Mondelez makes money primarily by selling branded snack products to retailers, wholesalers, distributors, and other trade customers, which then sell to consumers. Its core revenue streams come from (1) biscuits and baked snacks (e.g., Oreo, Ritz),...
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 Earnings Call Summary
Earnings Call Date:Apr 28, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 04, 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 | 10.79B | 14.26B | 13.76B | 11.31B | 11.25B |
| EBITDA | 4.79B | 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
Negative
57.25
Price Trends
58.09
Negative
56.58
Positive
58.87
Negative
Market Momentum
0.02
Positive
48.19
Neutral
25.04
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For MDLZ, the sentiment is Negative. The current price of 57.25 is below the 20-day moving average (MA) of 57.49, below the 50-day MA of 58.09, and below the 200-day MA of 58.87, indicating a bearish trend. The MACD of 0.02 indicates Positive momentum. The RSI at 48.19 is Neutral, neither overbought nor oversold. The STOCH value of 25.04 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | $39.28B | 33.14 | 7.25% | 3.12% | 9.19% | 21.61% | |
63 Neutral | $78.79B | 32.93 | 10.05% | 3.53% | 7.79% | -25.10% | |
63 Neutral | $36.89B | 24.38 | 19.20% | 3.00% | 11.50% | -33.67% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | $18.37B | 20.26 | 23.70% | 5.19% | -6.48% | -10.99% | |
57 Neutral | $26.58B | 11.00 | -13.44% | 6.75% | -3.50% | -316.94% |
* Consumer Defensive Sector Average
MDLZ
Mondelez International
61.38
-3.63
-5.59%
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Keurig Dr Pepper
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-12.34%
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HSY
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182.01
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11.22%
KHC
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22.42
-4.11
-15.51%
Mondelez International Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Mondelez Establishes New $1.5 Billion Credit Facility
Positive
Feb 18, 2026
On February 18, 2026, Mondelez International entered into a new 364‑day senior unsecured revolving credit facility for $1.5 billion with a syndicate of lenders led by JPMorgan Chase Bank, N.A., replacing its prior $1.5 billion 364‑day ...
Business Operations and StrategyExecutive/Board Changes
Mondelez Elevates CFO Luca Zaramella to Chief Operating Officer
Positive
Jan 30, 2026
On January 29, 2026, Mondelēz International announced that longtime finance executive Luca Zaramella has been appointed Chief Operating Officer effective February 1, 2026, while retaining his role as Executive Vice President and Chief Financi...
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.