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Mondelez International (MDLZ)

Market Price (12/28/2025): $54.63 | Market Cap: $70.6 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

Mondelez International (MDLZ)

Market Price (12/28/2025): $54.63
Market Cap: $70.6 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.5%, Dividend Yield is 3.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.3%		 Weak multi-year price returns
2Y Excs Rtn is -64%, 3Y Excs Rtn is -92%		 Key risks
MDLZ key risks include [1] unprecedented surges in commodity costs, Show more.
1 Attractive cash flow generation
CFO LTM is 3.6 Bil, FCF LTM is 2.3 Bil		  
2 Low stock price volatility
Vol 12M is 22%		  
3 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, Sustainable Consumption, and E-commerce & DTC Adoption. Themes include Organic & Natural Products, Show more.		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.5%, Dividend Yield is 3.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.3%
1 Attractive cash flow generation
CFO LTM is 3.6 Bil, FCF LTM is 2.3 Bil
2 Low stock price volatility
Vol 12M is 22%
3 Megatrend and thematic drivers
Megatrends include Health & Wellness Trends, Sustainable Consumption, and E-commerce & DTC Adoption. Themes include Organic & Natural Products, Show more.
4 Weak multi-year price returns
2Y Excs Rtn is -64%, 3Y Excs Rtn is -92%
5 Key risks
MDLZ key risks include [1] unprecedented surges in commodity costs, Show more.

Valuation, Metrics & Events

MDLZ Stock

Why The Stock Moved

Qualitative Assessment

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Mondelez International (MDLZ) experienced a decline of approximately 10.4% in its stock price from August 31, 2025, to December 28, 2025, driven by several key factors:

<br><br>

<b>1. Q3 2025 Earnings Miss and Reduced 2025 Outlook:</b> The company reported Q3 2025 earnings on October 28, 2025, with an adjusted earnings per share (EPS) of $0.73, which fell short of analysts' consensus estimates of $0.74. Quarterly revenue also slightly missed expectations. Management attributed this performance to "unanticipated mix of headwinds" and consequently lowered its full-year 2025 expectations.

<br><br>

<b>2. Persistent Unprecedented Cocoa Cost Inflation:</b> A significant factor impacting profitability throughout 2025, and reiterated in the Q4 2024 outlook, was "unprecedented cocoa cost inflation." This inflationary pressure led the company to forecast a decline in adjusted EPS for 2025 and continued to weigh on margins.

<br><br>

<b>3. Weakness in European and North American Markets:</b> Mondelez faced specific operational challenges, including "volume and share weakness" in key European markets like the UK and Germany due to aggressive chocolate pricing and higher elasticity. Additionally, the company experienced "retailer-driven destocking in the U.S." and "late-quarter U.S. biscuit softness," further impacting sales performance.

<br><br>

<b>4. Multiple Analyst Downgrades and Price Target Reductions:</b> Following the Q3 earnings report and ongoing market concerns, several prominent analyst firms, including B of A Securities, Piper Sandler, Barclays, DA Davidson, and Wells Fargo, either maintained cautious ratings or lowered their price targets for MDLZ shares in late October and November 2025, signaling a deteriorating investor sentiment.

<br><br>

<b>5. Series of Product Recalls:</b> Mondelez initiated two significant product recalls during the period. A limited voluntary recall of RITZ Peanut Butter Cracker Sandwiches occurred in November 2025 due to a labeling error. This was followed by another voluntary recall on December 24, 2025, for two CHIPS AHOY! Baked Bites Brookie SKUs because of an incorrect mixing process that created small corn starch clumps, posing a potential choking hazard. These product quality issues contributed to negative news flow and coincided with slight share declines.

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Stock Movement Drivers

Fundamental Drivers

The -13.1% change in MDLZ stock from 9/27/2025 to 12/27/2025 was primarily driven by a -10.5% change in the company's P/E Multiple.
927202512272025Change
Stock Price ($)62.8554.64-13.07%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)37105.0037645.001.46%
Net Income Margin (%)9.81%9.38%-4.41%
P/E Multiple22.3620.01-10.50%
Shares Outstanding (Mil)1295.001293.000.15%
Cumulative Contribution-13.07%

LTM = Last Twelve Months as of date shown

Market Drivers

9/27/2025 to 12/27/2025
ReturnCorrelation
MDLZ-13.1% 
Market (SPY)4.3%3.3%
Sector (XLP)0.3%68.0%

Fundamental Drivers

The -18.2% change in MDLZ stock from 6/28/2025 to 12/27/2025 was primarily driven by a -17.1% change in the company's P/E Multiple.
628202512272025Change
Stock Price ($)66.7754.64-18.17%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)36464.0037645.003.24%
Net Income Margin (%)9.88%9.38%-5.02%
P/E Multiple24.1220.01-17.06%
Shares Outstanding (Mil)1301.001293.000.61%
Cumulative Contribution-18.17%

LTM = Last Twelve Months as of date shown

Market Drivers

6/28/2025 to 12/27/2025
ReturnCorrelation
MDLZ-18.2% 
Market (SPY)12.6%5.8%
Sector (XLP)-2.2%61.1%

Fundamental Drivers

The -6.5% change in MDLZ stock from 12/27/2024 to 12/27/2025 was primarily driven by a -11.1% change in the company's Net Income Margin (%).
1227202412272025Change
Stock Price ($)58.4454.64-6.50%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)36151.0037645.004.13%
Net Income Margin (%)10.56%9.38%-11.14%
P/E Multiple20.5120.01-2.42%
Shares Outstanding (Mil)1339.001293.003.44%
Cumulative Contribution-6.61%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2024 to 12/27/2025
ReturnCorrelation
MDLZ-6.5% 
Market (SPY)17.0%7.6%
Sector (XLP)0.5%69.1%

Fundamental Drivers

The -11.7% change in MDLZ stock from 12/28/2022 to 12/27/2025 was primarily driven by a -26.0% change in the company's P/E Multiple.
1228202212272025Change
Stock Price ($)61.8654.64-11.68%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)30459.0037645.0023.59%
Net Income Margin (%)10.30%9.38%-8.93%
P/E Multiple27.0620.01-26.05%
Shares Outstanding (Mil)1372.001293.005.76%
Cumulative Contribution-11.97%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2023 to 12/27/2025
ReturnCorrelation
MDLZ-20.6% 
Market (SPY)48.0%8.9%
Sector (XLP)14.0%66.6%

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
MDLZ Return9%16%3%11%-15%-7%14%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
MDLZ Win Rate58%50%42%42%42%50% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
MDLZ Max Drawdown-24%-9%-16%-7%-17%-8% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See MDLZ Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventMDLZS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-22.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven28.4%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-29.7%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven42.3%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven371 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-20.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven25.6%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven284 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-42.8%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven75.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1,020 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

Mondelez International's stock fell -22.1% during the 2022 Inflation Shock from a high on 5/11/2023. A -22.1% loss requires a 28.4% gain to breakeven.

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About Mondelez International (MDLZ)

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, crackers, and salted snacks; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products. The company's snack brand portfolio includes Cadbury, Milka, and Toblerone chocolates; Oreo, belVita, and LU biscuits; Halls candies; Trident gums; and Tang powdered beverages. It serves supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, gasoline stations, drug stores, value stores, and other retail food outlets through direct store delivery, company-owned and satellite warehouses, third party distributors, and other facilities, as well as through independent sales offices and agents, and e-commerce channels. The company was formerly known as Kraft Foods Inc. and changed its name to Mondelez International, Inc. in October 2012. Mondelez International, Inc. was incorporated in 2000 and is headquartered in Chicago, Illinois.

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  • PepsiCo, but focused solely on global snacks like cookies, crackers, and chocolate, with no beverages.
  • A more focused Nestlé, concentrating on iconic global biscuits, chocolates, and gum.

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  • Oreo: A globally recognized brand of sandwich cookies consisting of two chocolate wafers with a sweet creme filling.
  • Cadbury: A prominent confectionery brand primarily known for its wide range of chocolate bars and other chocolate products.
  • Milka: A popular European brand of chocolate, distinctive for its smooth alpine milk chocolate.
  • belVita: A brand of breakfast biscuits designed to provide sustained energy.
  • Ritz: A classic brand of flaky, buttery crackers often served with toppings or as a snack.
  • Trident: A popular brand of sugar-free chewing gum known for various flavors and dental health benefits.
  • Sour Patch Kids: A well-known brand of sour-then-sweet gummy candies available in multiple fruit flavors.

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Mondelez International (MDLZ) primarily sells its products to **other companies**, specifically large retail chains, wholesalers, and distributors, who then sell the products to individual consumers. Therefore, its major customers are other businesses.

Based on the company's 2023 Annual Report (10-K filing), its major customer is:

  • Walmart Inc. (Symbol: WMT) - accounted for approximately 10% of Mondelez International's 2023 net revenues.

Mondelez International also states that its top five customers, which are primarily other large retail chains, collectively accounted for approximately 18% of its 2023 net revenues. However, these other specific customers are not individually named in public filings.

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Dirk Van de Put, Chairman and Chief Executive Officer

Dirk Van de Put became CEO of Mondelez International in November 2017 and assumed the role of Chairman in April 2018. Prior to joining Mondelez, he served as President and CEO of McCain Foods Ltd., a privately held Canadian frozen food manufacturer, from 2010 to 2017. Under his leadership, McCain Foods saw net sales grow by more than 50 percent and EBITDA increase by double digits annually. Before McCain Foods, he held executive positions at Novartis (President of Global OTC Division), Groupe Danone (President of the Americas Division and co-President of the Fresh Dairy Division), The Coca-Cola Company (President, Coca-Cola Caribbean), and Mars Inc. He holds a veterinary medicine degree from Ghent University and a master's degree in business from the University of Antwerp.

Luca Zaramella, Executive Vice President & Chief Financial Officer

Luca Zaramella was appointed Executive Vice President and Chief Financial Officer of Mondelez International in August 2018. He is a veteran of the company, having served for over 20 years in various financial leadership roles. His previous positions at Mondelez include Senior Vice President of Corporate Finance (since 2016) and Senior Vice President and Corporate Controller (from 2014 to 2016). Zaramella began his career with the company in Italy and has held increasingly senior positions across Latin America, Europe, and North America. He holds an economics degree from Università Ca' Foscari Venezia.

Gustavo Valle, Executive Vice President & President, North America

Gustavo Valle serves as the Executive Vice President and President for North America at Mondelez International.

Deepak Iyer, Executive Vice President & President, Asia Pacific, Middle East & Africa

Deepak Iyer is the Executive Vice President and President for Asia Pacific, Middle East & Africa at Mondelez International.

Laura Stein, Executive Vice President, Corporate & Legal Affairs, General Counsel & Corporate Secretary

Laura Stein holds the position of Executive Vice President, Corporate & Legal Affairs, General Counsel & Corporate Secretary at Mondelez International.

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Mondelez International (MDLZ) faces several significant risks that could impact its business and financial performance. The three key risks, ordered from most to less significant, are: 1.

Rising Commodity Costs and Inflation

Mondelez International is particularly vulnerable to the unprecedented rise in raw material costs, most notably cocoa prices, which have surged to historic highs in 2025. This directly impacts the company's profitability and has led to a reduction in its 2025 earnings guidance. While Mondelez has implemented pricing strategies to offset these costs, there is a limit to how much price increase consumers can absorb before it affects demand. Inflationary pressures also affect other input costs, impacting gross profit margins. 2.

Changing Consumer Preferences and Intense Competition

The company faces the ongoing challenge of adapting to rapidly shifting consumer preferences towards healthier and more sustainable snack options. The snack industry is highly competitive, and Mondelez must continuously innovate and differentiate its products to maintain market share. Additionally, soft demand in developed markets, such as North America, and retailer inventory adjustments pose challenges to sales growth. 3.

Global Supply Chain Disruptions and Geopolitical Tensions

As a global conglomerate with operations in approximately 80 countries, Mondelez is susceptible to disruptions in its supply chain, which can lead to shortages, increased costs, and reduced profitability. Ongoing geopolitical tensions, such as the conflict in Ukraine and developments in the Middle East, can have indirect effects on operations, cause market disruptions, and impact consumer confidence, particularly in regions where the company has a significant presence. The company's global footprint also exposes it to country-specific risks, including political, economic, and social instability, and increased competition in emerging markets.

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The accelerated shift in global consumer preferences towards healthier, more natural, and sustainably produced snack alternatives poses a clear emerging threat to Mondelez International's core business model, which heavily relies on mass-market production and distribution of indulgent and often conventionally-produced products. This trend is amplified by the proliferation of agile, specialized direct-to-consumer (DTC) and challenger brands that are effectively capturing market share by catering to specific dietary needs (e.g., plant-based, gluten-free, low-sugar) and ethical sourcing demands with greater speed and transparency than traditional incumbents.

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Mondelez International (MDLZ) operates within several large addressable markets for its main products, which include biscuits (cookies and crackers), chocolate confectionery, and other snack categories.

Biscuits (Cookies and Crackers)

The global cookies market was valued at approximately USD 40.25 billion in 2024 and is projected to reach USD 65.95 billion by 2033, growing at a compound annual growth rate (CAGR) of 5.70% during the forecast period. North America is expected to dominate the global cookies market.

Chocolate Confectionery

The global chocolate confectionery market size was estimated at USD 179.61 billion in 2024 and is expected to reach USD 221.63 billion by 2029, growing at a CAGR of 4.4%. In 2023, U.S. confectionery sales reached USD 48 billion and are projected to grow to USD 61 billion by 2028. Europe held the largest share of the chocolate confectionery market in 2022.

Gum & Candy (Confectionery)

The global gum confectionery market size is expected to grow from USD 32.15 billion in 2024 to USD 42.33 billion by 2029, exhibiting a CAGR of 5.8%. Although Mondelez sold its gum business in late 2023, the company remains a significant player and innovator in the broader sugar confectionery market. The global sugar confectionery market is anticipated to grow by 3% in value by 2027, with Asia leading this market.

Overall Snacks Market

The broader global snacks market, which encompasses many of Mondelez's product categories, was estimated at USD 718.70 billion in 2024 and is projected to reach USD 1,037.19 billion by 2033, demonstrating a CAGR of 4.16%. Asia-Pacific accounted for the largest share of this market in 2024.

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Mondelez International (MDLZ) is expected to drive future revenue growth over the next two to three years through several key strategies:
  • Strategic Pricing and Revenue Growth Management: Mondelez consistently utilizes pricing strategies to drive organic net revenue growth and offset input cost inflation. The company has implemented annual pricing successfully in various markets, including Europe, and continues to assume effective pricing strategies will counter inflation. This also includes adjusting offerings, such as introducing smaller pack sizes, to cater to price-sensitive consumers and maintain value.
  • Expansion and Investment in Emerging Markets: Emerging markets continue to be a significant driver of growth for Mondelez, showing strong momentum and healthy volume mix. The company is investing substantially in brands and capabilities within these markets to ensure sustainable long-term growth.
  • Focus on Core Categories and Brand Building: Mondelez is committed to "doubling down" on its core categories of chocolate, biscuits, and baked snacks, aiming for these to represent 90% of revenue by 2030. This involves continuous reinvestment in its iconic global brands (like Oreo, Cadbury, and Milka) and local "jewels" through innovative marketing campaigns, such as cross-promotions and limited-edition collaborations, to enhance brand visibility and consumer loyalty. The company also focuses on expanding distribution channels, including club and value channels, with offerings like family-sized multipacks.
  • Strategic Acquisitions and Partnerships: Mondelez expands its market presence and category exposure through strategic acquisitions and partnerships. Recent examples include acquiring a majority stake in Evirth to grow in the fast-growing cakes and pastries category in China and a partnership with Lotus Bakeries to develop co-branded chocolate products and distribute the Lotus Biscoff brand in India. These initiatives are aimed at capturing synergies and driving growth in new and existing segments.
  • Volume Growth Rebound in Developed Markets: While facing some challenges, particularly in North American biscuits, Mondelez expects volume growth to rebound in developed markets as inflation cools and consumer incomes rise. The company is working to improve sales and market share through better distribution, targeted promotions, and in-store execution.
The initial search results provide a good overview of Mondelez's recent performance and identified several key drivers of revenue growth. These include: 1. **Pricing strategies**: Mondelez has consistently used pricing to drive organic net revenue growth, especially to counter input cost inflation. 2. **Volume/Mix growth**: While sometimes challenged, particularly in certain developed markets, positive volume/mix contributes to revenue, and the company expects it to rebound as inflation cools and through strategies like smaller pack sizes and expanded distribution. 3. **Emerging Markets expansion**: Emerging markets have shown strong momentum and significant investments are being made to drive sustainable long-term growth in these regions. 4. **Strategic acquisitions and partnerships**: Mondelez has expanded into new categories (like cakes and pastries in China with Evirth) and formed partnerships (like with Coca-Cola for co-promotions and Lotus Bakeries for distribution in India) to enhance brand visibility and market presence. 5. **Focus on core categories and brand investment**: The company is "doubling down" on its core categories of chocolate, biscuits, and baked snacks and continuously reinvesting in its iconic global brands and local "jewels" through marketing and innovation. This includes new product innovations and limited-edition collaborations. I have enough information to identify 3-5 drivers of future revenue growth. I will now synthesize this information and format it as requested.

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Share Repurchases

  • Mondelez International approved a new $9 billion share repurchase authorization, effective January 1, 2025, through December 31, 2027. This authorization will replace the existing $6 billion program, which had approximately $2.8 billion remaining and was set to expire at the end of 2025.
  • The company returned $4.7 billion to shareholders in cash dividends and share repurchases in fiscal year 2024.
  • Annual share repurchases amounted to $2.334 billion in 2024, $1.547 billion in 2023, and $2.017 billion in 2022.

Outbound Investments

  • Mondelez acquired a 72% stake in Evirth (Shanghai) Industrial Co Ltd, a manufacturer of frozen cakes and pastry products, in late 2024.
  • In June 2022, Mondelez acquired Clif Bar & Company for $2.9 billion.
  • The company acquired Grupo Bimbo's confectionery business, Ricolino, for approximately $1.3 billion in May 2022, and completed the acquisition of Greek snack company Chipita S.A. for $2 billion in January 2022.

Capital Expenditures

  • Mondelez's capital expenditures averaged $1.047 billion for fiscal years ending December 2020 to 2024, peaking at $1.387 billion in 2024.
  • Expected capital expenditures are approximately $1.329 billion for 2025, $1.423 billion for 2026, and $1.471 billion for 2027.
  • The primary focus of capital allocation includes reinvesting in brands and capabilities, capacity expansion, research and development, and strategic acquisitions.

Better Bets than Mondelez International (MDLZ)

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Trade Ideas

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Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
BF-B_11302025_Dip_Buyer_ValueBuy11302025BF-BBrown-FormanDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-8.9%-8.9%-8.9%
CPB_11302025_Dip_Buyer_ValueBuy11302025CPBCampbell'sDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-7.6%-7.6%-9.2%
ENR_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025ENREnergizerDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap		13.1%13.1%-5.3%
FLO_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FLOFlowers FoodsDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap		5.4%5.4%-1.6%
CLX_11142025_Dip_Buyer_FCFYield11142025CLXCloroxDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-5.0%-5.0%-6.0%

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Peer Comparisons for Mondelez International

Peers to compare with:

Financials

MDLZHPQHPEIBMCSCOAAPLMedian
NameMondelez.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price54.6423.2624.49305.0978.16273.4066.40
Mkt Cap70.621.932.6284.9309.24,074.4177.8
Rev LTM37,64555,29534,29665,40257,696408,62556,496
Op Inc LTM4,3343,6241,64411,54412,991130,2147,939
FCF LTM2,2902,80062711,85412,73396,1847,327
FCF 3Y Avg3,1562,9781,40011,75313,879100,5037,454
CFO LTM3,5763,6972,91913,48313,744108,5658,590
CFO 3Y Avg4,3783,6723,89613,49814,736111,5598,938

Growth & Margins

MDLZHPQHPEIBMCSCOAAPLMedian
NameMondelez.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM4.1%3.2%13.8%4.5%8.9%6.0%5.2%
Rev Chg 3Y Avg7.5%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q5.9%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM1.5%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM11.5%6.6%4.8%17.7%22.5%31.9%14.6%
Op Mgn 3Y Avg14.5%7.4%7.2%16.4%24.2%30.8%15.5%
QoQ Delta Op Mgn LTM-1.6%-0.2%-1.4%0.6%0.4%0.1%-0.1%
CFO/Rev LTM9.5%6.7%8.5%20.6%23.8%26.6%15.1%
CFO/Rev 3Y Avg12.1%6.8%12.7%21.4%26.1%28.4%17.1%
FCF/Rev LTM6.1%5.1%1.8%18.1%22.1%23.5%12.1%
FCF/Rev 3Y Avg8.7%5.5%4.6%18.6%24.6%25.6%13.7%

Valuation

MDLZHPQHPEIBMCSCOAAPLMedian
NameMondelez.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap70.621.932.6284.9309.24,074.4177.8
P/S1.90.41.04.45.410.03.1
P/EBIT16.66.819.925.122.531.321.2
P/E20.08.6572.736.029.941.033.0
P/CFO19.85.911.221.122.537.520.4
Total Yield8.5%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield3.5%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg3.4%10.6%5.5%6.4%6.0%3.1%5.7%
D/E0.30.50.70.20.10.00.3
Net D/E0.30.30.60.20.00.00.2

Returns

MDLZHPQHPEIBMCSCOAAPLMedian
NameMondelez.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn-4.5%-1.8%14.4%0.6%2.7%-1.5%-0.4%
3M Rtn-13.1%-11.9%2.7%7.9%17.0%7.1%4.9%
6M Rtn-18.2%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn-6.5%-27.0%16.2%40.5%34.5%7.5%11.8%
3Y Rtn-11.7%-1.9%71.1%143.1%81.3%120.2%76.2%
1M Excs Rtn-5.8%-5.6%12.9%-2.2%-0.0%-3.7%-3.0%
3M Excs Rtn-17.4%-16.2%-1.7%3.6%12.7%2.8%0.6%
6M Excs Rtn-30.4%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-21.0%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-91.7%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Comparison Analyses

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Biscuits & Baked Snacks17,62915,60813,552  
Chocolate10,6199,4869,2718,1798,158
Gum & Candy4,4263,4122,8722,6623,355
Cheese & Grocery2,1571,8901,9901,9251,822
Beverages1,1851,1001,0351,0491,095
Biscuits   12,76611,438
Total36,01631,49628,72026,58125,868


Price Behavior

Price Behavior
Market Price$54.64 
Market Cap ($ Bil)70.6 
First Trading Date06/13/2001 
Distance from 52W High-22.1% 
   50 Days200 Days
DMA Price$56.80$62.62
DMA Trenddowndown
Distance from DMA-3.8%-12.7%
 3M1YR
Volatility19.2%22.2%
Downside Capture27.2511.16
Upside Capture-45.492.73
Correlation (SPY)3.6%7.4%
MDLZ Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.18-0.01-0.030.150.100.21
Up Beta-0.780.470.250.030.200.29
Down Beta0.070.060.200.17-0.010.09
Up Capture34%-45%-31%-6%2%4%
Bmk +ve Days12253873141426
Stock +ve Days8172959123374
Down Capture49%9%-8%49%21%49%
Bmk -ve Days7162452107323
Stock -ve Days11243365123369

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of MDLZ With Other Asset Classes (Last 1Y)
 MDLZSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-5.2%0.5%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility22.1%13.9%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio-0.32-0.200.722.700.340.09-0.08
Correlation With Other Assets 69.0%7.6%8.6%-6.7%44.8%6.8%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of MDLZ With Other Asset Classes (Last 5Y)
 MDLZSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return1.3%5.7%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility18.7%13.0%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio-0.020.230.700.970.500.160.57
Correlation With Other Assets 75.0%33.4%10.9%2.1%43.9%8.0%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of MDLZ With Other Asset Classes (Last 10Y)
 MDLZSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return4.4%7.3%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility21.3%14.7%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.180.370.710.860.320.220.90
Correlation With Other Assets 77.4%52.8%7.1%13.7%53.0%7.9%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity31,640,208
Short Interest: % Change Since 11302025-9.1%
Average Daily Volume11,839,905
Days-to-Cover Short Interest2.67
Basic Shares Quantity1,293,000,000
Short % of Basic Shares2.4%

Returns Analyses

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/28/2025-3.9%-6.9%-5.0%
7/29/2025-6.6%-10.6%-11.4%
4/29/20253.8%2.8%2.8%
2/4/20252.3%7.7%19.0%
10/29/20240.9%-0.1%-5.9%
7/30/20241.9%2.1%6.3%
4/30/2024-1.7%-1.5%-5.6%
1/30/2024-1.4%-1.4%-4.3%
...
SUMMARY STATS   
# Positive161411
# Negative81013
Median Positive1.9%3.1%6.0%
Median Negative-2.3%-1.6%-4.3%
Max Positive7.8%7.7%19.0%
Max Negative-6.6%-10.6%-11.4%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251028202510-Q 9/30/2025
6302025729202510-Q 6/30/2025
3312025429202510-Q 3/31/2025
12312024205202510-K 12/31/2024
93020241029202410-Q 9/30/2024
6302024730202410-Q 6/30/2024
3312024430202410-Q 3/31/2024
12312023202202410-K 12/31/2023
93020231101202310-Q 9/30/2023
6302023727202310-Q 6/30/2023
3312023427202310-Q 3/31/2023
12312022203202310-K 12/31/2022
93020221101202210-Q 9/30/2022
6302022726202210-Q 6/30/2022
3312022426202210-Q 3/31/2022
12312021204202210-K 12/31/2021

Industry Resources

Packaged Foods & Meats Resources
USDA Data

External Quote Links


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