Mondelez International, Inc.
- Open
- 60.55
- Day high
- 61.18
- Day low
- 60.07
- Prev close
- 60.52
- Volume
- 7.7M
- Mkt cap
- $77.9B
- P/E (TTM)
- 30.0
- EPS (TTM)
- $2.02
- P/B
- 3.0
- P/S
- 2.0
- Yield
- 3.30%
- Per share
- $2.00
- ▼Insiders net selling -$4K over the last 3 months (0 open-market buys, 2 sales)
- 🏛Institutions mixed (13F)
Mondelez International, Inc. (MDLZ) is a Consumer Defensive company listed on NASDAQ. The stock is down 13% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 2 sales (SEC Form 4). Drillr has 1 published research article covering MDLZ.
Mondelez International, Inc. (MDLZ) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
MDLZ earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $0.61 | $0.67 | +10.2% | $10.1B | +3.4% |
| Feb 3, 2026 | $0.70 | $0.72 | +3.4% | $10.5B | +1.8% |
| Jul 29, 2025 | $0.68 | $0.73 | +7.8% | $9.0B | +1.4% |
| Apr 29, 2025 | $0.65 | $0.74 | +13.1% | $9.3B | -0.0% |
| Feb 4, 2025 | $0.66 | $0.65 | -1.2% | $9.6B | -0.4% |
| Apr 30, 2024 | $0.89 | $0.95 | +6.7% | $9.3B | +1.4% |
| Jan 30, 2024 | $0.78 | $0.84 | +7.7% | $9.3B | +0.1% |
| Nov 1, 2023 | $0.79 | $0.82 | +3.8% | $9.0B | +2.2% |
| Jul 27, 2023 | $0.69 | $0.76 | +10.1% | $8.5B | +8.8% |
| Apr 27, 2023 | $0.80 | $0.89 | +11.2% | $9.2B | +8.0% |
| Jan 31, 2023 | $0.71 | $0.73 | +2.8% | $8.7B | +4.4% |
| Nov 1, 2022 | $0.68 | $0.74 | +8.8% | $7.8B | +4.3% |
MDLZ insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | BANATI AMITofficer: EVP and CFO | Grant | 20,370 | — |
| Jul 2, 2026 | BANATI AMITofficer: EVP and CFO | Grant | 122,210 | $59.35 |
| May 21, 2026 | TODMAN MICHAELdirector | Grant | 3,525 | — |
| May 21, 2026 | Nielsen Janedirector | Grant | 3,525 | — |
| May 21, 2026 | Price Paula Adirector | Grant | 3,525 | — |
| May 21, 2026 | COUSIN ERTHARINdirector | Grant | 3,525 | — |
| May 21, 2026 | McKinstry Nancydirector | Grant | 3,525 | — |
| May 21, 2026 | McNamara Brian Jamesdirector | Grant | 3,525 | — |
| May 21, 2026 | 't Hart Ceesdirector | Grant | 3,525 | — |
| May 21, 2026 | Mesquita Jorge S.director | Grant | 3,525 | — |
| May 21, 2026 | Siewert Patrickdirector | Grant | 3,525 | — |
| May 4, 2026 | Stevens Brianofficer: SVP, CTR & Chief Accoun Off | Sell | 1 | $61.55 |
| May 4, 2026 | Stevens Brianofficer: SVP, CTR & Chief Accoun Off | Sell | 63 | $61.46 |
| Apr 3, 2026 | Lilak Stephanieofficer: EVP and Chief People Officer | Tax | 3,218 | $57.07 |
| Apr 3, 2026 | Kuhn Volkerofficer: EVP and President, Europe | Tax | 90 | $57.07 |
Source: MDLZ SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full MDLZ insider & 13F page →Mondelez International, Inc. company profile
Overview
Mondelez International, Inc. (NASDAQ:MDLZ) is a multinational confectionery, food, and beverage conglomerate that emerged from the 2012 spin-off of Kraft Foods Inc. Originally incorporated in 2000 as part of Kraft Foods, the company adopted the Mondelez name in October 2012 when it separated from the North American grocery business to focus exclusively on global snacking brands. Headquartered in Chicago, Illinois, Mondelez has grown to become one of the world's largest snacking companies, operating across more than 80 countries and generating over $36 billion in annual revenue through its portfolio of beloved global brands.
Business
Mondelez International operates in the global snacking industry, manufacturing and marketing packaged food products primarily focused on three core categories that represent the vast majority of its business: Chocolate segment accounts for approximately 40% of total revenue and includes premium chocolate brands such as Cadbury, Milka, and Toblerone. These products range from chocolate bars and seasonal chocolates to premium gift boxes, targeting both everyday consumption and special occasions across developed and emerging markets. Biscuits and Baked Snacks segment represents roughly 45% of revenue, featuring globally recognized brands like Oreo cookies, Ritz crackers, belVita breakfast biscuits, and LU premium biscuits. This category includes sweet biscuits (cookies), savory crackers, and health-positioned snacks that serve various consumption occasions from breakfast to evening snacking. Gum and Candy segment comprises about 15% of revenue, including Trident gum, Halls cough drops and candies, and various regional candy brands. The company has been strategically divesting parts of this portfolio, having sold its developed market gum business in 2023 to focus resources on higher-growth chocolate and biscuit categories. The company also maintains smaller segments including cheese and grocery products, powdered beverages like Tang, and cake/pastry products through recent acquisitions. Mondelez's strategy involves concentrating 90% of its revenue through the core chocolate and biscuit categories by 2030, positioning itself as a pure-play snacking company rather than a diversified food manufacturer.
Revenue model
Mondelez generates revenue primarily through product sales to retailers, distributors, and foodservice operators worldwide. The company sells its products through multiple channels including supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, convenience stores, and increasingly through e-commerce platforms. The business model relies on brand premiums and scale economies. Mondelez leverages its globally recognized brands to command premium pricing compared to private label alternatives, while achieving cost efficiencies through large-scale manufacturing and procurement. The company operates manufacturing facilities worldwide and uses both direct store delivery and third-party distribution networks to reach consumers. Revenue growth drivers include geographic expansion in emerging markets where snacking penetration remains low, premiumization of product offerings, innovation in packaging and flavors, and strategic acquisitions that expand category presence or geographic reach. The company has been particularly successful in emerging markets like India, China, Brazil, and Mexico where rising middle-class income drives increased snacking consumption. Margin pressures come primarily from commodity cost inflation, particularly cocoa and sugar prices which directly impact input costs. Cocoa price volatility has been especially challenging, with unprecedented price increases in 2024-2025 forcing multiple rounds of pricing actions. Other margin pressures include currency fluctuations in international markets, competitive promotional activity, and the need for continuous advertising and marketing investment to maintain brand strength. Margin expansion opportunities arise from pricing power of strong brands, operational efficiency improvements, favorable product mix shifts toward higher-margin products, and scale benefits from acquisitions and organic growth.
Competitive moat
Mondelez possesses a moderate to strong competitive moat built primarily on brand strength and global distribution scale. The company's portfolio includes some of the world's most recognized snacking brands, with Oreo being the #1 biscuit brand globally and Cadbury holding leading positions in multiple chocolate markets. These brands have been built over decades and command significant consumer loyalty, allowing for premium pricing and resilient market share. The company's global distribution network creates additional competitive advantages, particularly in emerging markets where establishing retail relationships and supply chain infrastructure requires substantial time and investment. Mondelez operates manufacturing facilities across six continents, enabling local production that reduces costs and improves freshness while supporting rapid market expansion. However, the moat faces several challenges. The snacking industry has relatively low barriers to entry for new products, and consumer preferences can shift toward healthier alternatives or private label options during economic downturns. Potential disruption could come from health and wellness trends that reduce demand for traditional confectionery, the rise of direct-to-consumer brands that bypass traditional retail, or regulatory changes around sugar content and marketing practices. Additionally, large retailers like Amazon and Walmart have been expanding their private label snacking offerings, potentially pressuring branded manufacturers' market share and pricing power over time.
Risks & safety
The company exhibits moderate financial safety with some concerns around leverage and working capital management: • Debt levels: Debt-to-equity ratio of 0.78x indicates moderate leverage, with total liabilities of $43.1 billion against $68.9 billion in assets • Liquidity position: Current ratio of 0.61x shows working capital deficit, though this is partially offset by strong operating cash flow generation of $1.1 billion quarterly • Cash generation: Free cash flow of $815 million in Q1 2025 demonstrates solid cash conversion, supporting dividend payments and share repurchases • Valuation metrics: Trading at 56.5x P/E ratio appears expensive, though this reflects temporary earnings depression from cocoa cost inflation • Solvency risk: Low immediate solvency risk given strong cash flows and access to credit markets, but leverage could become concerning if earnings decline persists • Other considerations: Significant exposure to commodity price volatility, particularly cocoa, creates earnings unpredictability; geographic diversification provides some stability
Recent development
Over the past several years, Mondelez has executed a focused portfolio transformation strategy designed to concentrate resources on higher-growth, higher-margin snacking categories. The company completed the divestiture of its developed market gum business for $1.4 billion in 2023, while simultaneously acquiring complementary snacking businesses including Chipita (European baked snacks), Clif Bar (premium nutrition bars), and Ricolino (Mexican confectionery). The company has been aggressively expanding its presence in emerging markets, particularly in Asia-Pacific and Latin America, where snacking penetration remains low and middle-class growth drives consumption increases. Key initiatives include distribution expansion in India with over 1 million retail touchpoints, strategic partnerships like the Lotus Bakeries collaboration for co-branded products, and the Evirth acquisition in China to enter the cakes and pastries category. Sustainability has become a strategic pillar, with Mondelez achieving 90% of cocoa sourced through its Cocoa Life program, reducing carbon emissions by 38% since 2018, and making 96% of packaging recyclable. The company has submitted a net-zero roadmap to the Science Based Targets Initiative and continues investing in sustainable manufacturing, including carbon-neutral facilities in China. Most recently, the company has been navigating unprecedented cocoa cost inflation through comprehensive pricing strategies, revenue growth management initiatives, and product innovation while maintaining critical price points to protect category health and market share.
MDLZ company profile · for informational purposes only — not investment advice.
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