Tearsheet

Mondelez International (MDLZ)

Market Price (12/18/2025): $53.825 | Market Cap: $69.6 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

Mondelez International (MDLZ)

Market Price (12/18/2025): $53.825
Market Cap: $69.6 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.4%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%	Weak multi-year price returns 2Y Excs Rtn is -65%, 3Y Excs Rtn is -82%	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 7.4%, Dividend Yield is 3.1%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.3%
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 -65%, 3Y Excs Rtn is -82%
5	Key risks MDLZ key risks include [1] unprecedented surges in commodity costs, Show more.

Valuation, Metrics & Events

	12/18/25	2024	2023	2022	2021
Share Price CYE	$53.83	$58.43	$68.99	$62.05	$60.29
Market Cap CYE ($ Bil)	69.6	78.0	93.8	85.0	84.0
Total Debt ($ Bil)	21.9	18.4	19.9	23.4	20.0
Total Cash ($ Bil)	1.4	1.4	1.8	1.9	3.5
Enterprise Value ($ Bil)	90.2	96.4	113.7	108.4	104.0
Valuation Ratios
P/S TTM	2.15	2.20	2.74	2.92	3.24
P/EBIT TTM	18.94	11.83	15.35	25.12	19.65
P/FCF TTM	35.28	22.74	27.41	30.59	29.29
P/E TTM	22.88	17.37	19.91	33.80	21.64
Sector Ratios
P/S TTM (Sector)	0.91	0.97	0.95	0.92	1.60
P/EBIT TTM (Sector)	10.38	10.72	11.55	11.39	13.27
P/FCF TTM (Sector)	11.85	14.54	11.86	12.11	13.87
P/E TTM (Sector)	12.66	14.39	15.88	14.30	16.61

	12/18/25	2024	2023
Share Price CYE	$53.83	$58.43	$68.99
Market Cap CYE ($ Bil)	69.6	78.0	93.8
Total Debt ($ Bil)	21.9	18.4	19.9
Total Cash ($ Bil)	1.4	1.4	1.8
Enterprise Value ($ Bil)	90.2	96.4	113.7
Valuation Ratios
P/S TTM	2.15	2.20	2.74
P/EBIT TTM	18.94	11.83	15.35
P/FCF TTM	35.28	22.74	27.41
P/E TTM	22.88	17.37	19.91
Sector Ratios
P/S TTM (Sector)	0.91	0.97	0.95
P/EBIT TTM (Sector)	10.38	10.72	11.55
P/FCF TTM (Sector)	11.85	14.54	11.86
P/E TTM (Sector)	12.66	14.39	15.88

	MDLZ	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	37.6
Rev Chg Q	5.9%	7.3%
Rev Chg LTM	4.1%	6.0%
Rev Chg 3Y Avg	7.5%	5.5%
PROFITABILITY	POOR
Op Inc LTM ($ Bil)	4.3
CFO LTM ($ Bil)	3.6
Net Inc LTM ($ Bil)	3.5
Op Mgn LTM	11.5%	18.8%
CFO/Rev LTM	9.5%	20.4%
Net Inc Mgn	9.4%	13.1%
VALUATION	MODERATE
P/S	2.1	3.2
P/CFO	22.6	16.0
P/FCF	35.3	20.7
P/E	22.9	23.5
STABILITY	FAIR
Debt/Equity	0.27	0.21
Cash/Assets	0.02	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Volume/Mix Growth	-4.6%	9302025	Link
Revenue from Emerging Markets	39.8%	9302025	Link
Organic Net Revenue Growth - North America	-0.3%	9302025	Link
Organic Net Revenue Growth - Europe	5.1%	9302025	Link
Organic Net Revenue Growth - Latin America	4.7%	9302025	Link
Organic Net Revenue Growth - Asia, Middle East & Africa	5.3%	9302025	Link
Sustainable Sourcing - Cocoa Volume (Cocoa Life Program)	91%	12312024	Link
Reduction in Virgin Plastic Usage (vs. 2020 baseline)	4.6%	12312024	Link
Packaging Designed to be Recyclable	96%	12312024	Link
Number of Employees	90,000	12312024	Link
Number of Countries Served	Over 150	10282025	Link

Upcoming
12/31/2025	Dividend	Amount: $0.50 Payment On: 1/14/2026
2/03/2026	Earnings Release	Rev: $10 Bil (E) EPS: $0.70 (E)

MDLZ Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

1. Elevated Raw Material Costs and Supply Chain Disruptions.
Mondelez International faced significant headwinds from record-high cocoa prices, which pressured its margins. In October 2025, the company stated that higher raw material and transportation costs broadly hurt its bottom line. While there were signs of moderation in cocoa prices and promising cocoa crop forecasts, challenging conditions were anticipated to continue in some markets. These rising input costs impacted profitability, leading to a decrease in adjusted gross profit margin. The company also experienced supply chain disruptions in key markets, raising concerns about cost pressures.

2. Revised Financial Guidance and Earnings Outlook.
In October 2025, Mondelez International pulled back its 2025 guidance, projecting organic revenue to rise 4% for the year, down from a previous estimate of 5%. Furthermore, adjusted earnings were expected to decline 15% on a constant currency basis, a larger drop than the previously projected 10%. This tempered outlook signaled a more challenging financial environment than initially anticipated, impacting investor sentiment.

3. Weakened Sales Volumes and Unfavorable Product Mix.
Despite higher pricing, Mondelez experienced lower sales volumes and an unfavorable mix of products sold, which partially offset revenue growth. In the third quarter of 2025, organic net revenue growth was 3.4%, driven by 8% pricing increases, but this was countered by a 4.6% drop in volume and product mix. Europe, in particular, saw a significant volume decline of 7.5% even with substantial price increases. The U.S. Biscuit business also showed ongoing softness, particularly for brands popular among lower-income households.

4. Intense Competition and Shifting Consumer Preferences.
Mondelez operates in a fiercely competitive global snack food and beverage market, facing direct rivals like PepsiCo, Nestlé, and Hershey, as well as indirect competitors. The company has faced challenges in adapting to changing consumer preferences, with reports highlighting softening demand for traditional confectionery products, especially in Europe. Analysts noted that Mondelez's product innovation pipeline faced challenges in capturing emerging trends, such as the growing demand for plant-based alternatives.

5. Regulatory Scrutiny and External Headwinds.
Mondelez faced regulatory scrutiny, including a local subsidiary in Brazil being under investigation for alleged pricing violations, which introduced short-term uncertainty. Additionally, broader industry headwinds, such as persistent tariff volatility, revised SNAP eligibility, and potential effects from GLP-1 weight loss medications, were noted as ongoing challenges for the food industry that could impact Mondelez into 2026.

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Stock Movement Drivers

Fundamental Drivers

The -13.7% change in MDLZ stock from 9/17/2025 to 12/17/2025 was primarily driven by a -11.1% change in the company's P/E Multiple.

	9172025	12172025	Change
Stock Price ($)	62.33	53.82	-13.65%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	37105.00	37645.00	1.46%
Net Income Margin (%)	9.81%	9.38%	-4.41%
P/E Multiple	22.17	19.71	-11.10%
Shares Outstanding (Mil)	1295.00	1293.00	0.15%
Cumulative Contribution			-13.65%

LTM = Last Twelve Months as of date shown

Market Drivers

9/17/2025 to 12/17/2025

	Return	Correlation
MDLZ	-13.7%
Market (SPY)	1.9%	3.3%
Sector (XLP)	-0.7%	66.9%

Fundamental Drivers

The -17.7% change in MDLZ stock from 6/18/2025 to 12/17/2025 was primarily driven by a -16.5% change in the company's P/E Multiple.

	6182025	12172025	Change
Stock Price ($)	65.36	53.82	-17.66%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	36464.00	37645.00	3.24%
Net Income Margin (%)	9.88%	9.38%	-5.02%
P/E Multiple	23.62	19.71	-16.54%
Shares Outstanding (Mil)	1301.00	1293.00	0.61%
Cumulative Contribution			-17.66%

LTM = Last Twelve Months as of date shown

Market Drivers

6/18/2025 to 12/17/2025

	Return	Correlation
MDLZ	-17.7%
Market (SPY)	12.7%	4.6%
Sector (XLP)	-0.3%	62.6%

Fundamental Drivers

The -9.6% change in MDLZ stock from 12/17/2024 to 12/17/2025 was primarily driven by a -11.1% change in the company's Net Income Margin (%).

	12172024	12172025	Change
Stock Price ($)	59.54	53.82	-9.60%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	36151.00	37645.00	4.13%
Net Income Margin (%)	10.56%	9.38%	-11.14%
P/E Multiple	20.89	19.71	-5.66%
Shares Outstanding (Mil)	1339.00	1293.00	3.44%
Cumulative Contribution			-9.71%

LTM = Last Twelve Months as of date shown

Market Drivers

12/17/2024 to 12/17/2025

	Return	Correlation
MDLZ	-9.6%
Market (SPY)	12.1%	8.8%
Sector (XLP)	-0.3%	69.8%

Fundamental Drivers

The -12.1% change in MDLZ stock from 12/18/2022 to 12/17/2025 was primarily driven by a -26.4% change in the company's P/E Multiple.

	12182022	12172025	Change
Stock Price ($)	61.24	53.82	-12.12%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	30459.00	37645.00	23.59%
Net Income Margin (%)	10.30%	9.38%	-8.93%
P/E Multiple	26.79	19.71	-26.42%
Shares Outstanding (Mil)	1372.00	1293.00	5.76%
Cumulative Contribution			-12.41%

LTM = Last Twelve Months as of date shown

Market Drivers

12/18/2023 to 12/17/2025

	Return	Correlation
MDLZ	-20.0%
Market (SPY)	44.9%	9.5%
Sector (XLP)	16.0%	67.3%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
MDLZ Return	9%	16%	3%	11%	-15%	-8%	13%
Peers Return	8%	17%	18%	-12%	5%	�	�
S&P 500 Return	16%	27%	-19%	24%	23%	14%	108%
Monthly Win Rates [3]
MDLZ Win Rate	58%	50%	42%	42%	42%	50%
Peers Win Rate	58%	57%	58%	45%	47%	51%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
MDLZ Max Drawdown	-24%	-9%	-16%	-7%	-17%	-8%
Peers Max Drawdown	-23%	-8%	-6%	-21%	-7%	-15%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: PEP, HSY, GIS, K, KHC. 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 12/17/2025 (YTD)

How Low Can It Go

Unique Key	Event	MDLZ	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-22.1%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	28.4%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	Not Fully Recovered days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-29.7%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	42.3%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	371 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-20.4%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	25.6%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	284 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-42.8%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	75.0%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1,020 days	1,480 days

Compare to HSY, KHC, GIS, MKC, HRL

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.

AI Generated Analysis | Feedback

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.

AI Generated Analysis | Feedback

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.

AI Generated Analysis | Feedback

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)

	MDLZ	Better Performance than MDLZ
Metric	Value	INDUSTRY: Packaged Foods & Meats
Rev Chg LTM	4.1%	CALM (65.8%), FRPT (16.3%), BRBR (16.1%), SMPL (9.0%), SFD (7.5%)
Rev Chg 3Y Avg	7.5%	CALM (31.8%), FRPT (25.7%), BRBR (19.1%), LW (17.1%), POST (11.9%)
Op Mgn LTM	11.5%	KHC (19.5%), HSY (19.1%), MKC (16.0%), GIS (15.5%), K (14.7%)
CFO/Rev LTM	9.5%	HSY (19.0%), KHC (17.8%), MKC (12.9%), GIS (12.6%), K (10.3%)
FCF/Rev LTM	6.1%	KHC (14.4%), HSY (14.0%), MKC (9.7%), GIS (9.5%), SJM (7.2%)
Total Yield	7.4%	PPC (17.9%), GIS (14.8%), CPB (9.8%), HRL (8.2%), K (7.5%)
P/S	2.1	TSN (0.4), HRL (1.1), KHC (1.2), SJM (1.3), GIS (1.4)
P/Op Inc	18.6	KHC (6.3), GIS (9.0), K (15.3), MKC (16.6), HSY (17.6)

	MDLZ	Better Performance than MDLZ
Metric	Value	SECTOR: Consumer Staples
Rev Chg LTM	4.1%	COST (8.2%), MNST (7.6%), PM (7.5%), KDP (6.8%), WMT (4.3%)
Rev Chg 3Y Avg	7.5%	CELH (57.5%), DLTR (20.3%), LW (17.1%), MNST (8.6%), PM (8.0%)
Op Mgn LTM	11.5%	PM (37.1%), KO (31.3%), BUD (26.1%), PG (24.1%), PEP (13.2%)
CFO/Rev LTM	9.5%	MO (43.8%), PM (28.8%), PG (22.3%), KO (16.0%), PEP (12.7%)
FCF/Rev LTM	6.1%	MO (43.1%), PM (25.3%), PG (17.6%), KO (11.7%), PEP (7.3%)
Total Yield	7.4%	TGT (14.3%), MO (14.1%), KMB (9.9%), PEP (7.7%), KO (7.5%)
P/S	2.1	KR (0.3), WMT (1.2), COST (1.5), BUD (2.0), PEP (2.1)
P/Op Inc	18.6	BUD (7.7), MO (9.3), PEP (15.8), PM (17.0), PG (17.5)

	MDLZ	Better Performance than MDLZ
Metric	Value	ALL OTHER SECTORS
Rev Chg LTM	4.1%	NVDA (65.2%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AAPL (6.0%)
Rev Chg 3Y Avg	7.5%	NVDA (91.6%), META (17.3%), MSFT (13.2%), AMZN (11.3%), GOOGL (11.0%)
Op Mgn LTM	11.5%	NVDA (58.8%), MSFT (46.3%), META (43.2%), GOOGL (32.2%), AAPL (31.9%)
CFO/Rev LTM	9.5%	MSFT (50.0%), NVDA (44.4%), GOOGL (39.3%), AAPL (26.6%), AMZN (18.1%)
FCF/Rev LTM	6.1%	NVDA (41.3%), MSFT (26.6%), META (23.7%), AAPL (23.5%), GOOGL (19.1%)
Total Yield	7.4%	WFC (9.9%), XOM (9.8%), JNJ (8.4%), UNH (8.1%), BAC (7.7%)
P/S	2.1	UNH (0.7), XOM (1.5), CVX (1.6), DIS (2.1), HD (2.1)
P/Op Inc	18.6	MRK (9.4), UNH (11.9), HD (16.4), V (16.6), JNJ (18.5)

		Best Bets In Consumer Staples Sector
	MDLZ	MO	PM	MNST	PG	STZ	CL	HSY	KO	COCO	KVUE
What You Pay
P/E	22.9	12.7	29.3	38.1	21.5	19.4	22.3	24.8	21.9	34.9	21.7
P/EBIT	18.9	9.5	16.5	29.0	16.4	11.2	15.4	19.9	16.3	32.8	13.3
What You Get
Rev Chg Q	5.9%	0.2%	9.4%	16.8%	3.0%	-15.0%	1.0%	26.0%	5.1%	37.2%	-3.5%
Rev Chg LTM	4.1%	-0.2%	7.5%	7.6%	1.2%	-5.6%	0.1%	2.5%	2.8%	23.1%	-2.9%
Rev Chg 3Y Avg	7.5%	-0.9%	8.0%	8.6%	1.8%	0.7%	4.2%	5.2%	4.0%	13.3%	0.2%
FCF/Rev 3Y Avg	8.7%	42.7%	24.9%	22.0%	18.0%	17.0%	15.4%	13.9%	13.9%	13.1%	11.9%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 8.7%, alpha of 1.4%, and sharpe of 0.5

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Mondelez International Earnings Notes
2	MDLZ Delivers $37 Bil to Investors Over a Decade
3	How Low Can Mondelez International Stock Really Go?	Return
4	Mondelez International vs Alphabet: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	Mondelez International vs Keurig Dr Pepper: Which Is A Better Investment?	Counter-Intuitive Comparisons
6	Mondelez International vs Lamb Weston: Which Is A Better Investment?	Counter-Intuitive Comparisons
7	MDLZ Hits Key Support - Is This The Buying Opportunity?	Actionable
8	How Does Mondelez International Stock Stack Up Against Its Peers?	Peer Comparison
9	Better Bet Than MDLZ Stock: Pay Less Than Mondelez International To Get More From UNH, GD
10	Better Bet Than MDLZ Stock: Pay Less Than Mondelez International To Get More From CALM, BRBR
11	ARTICLES
12	S&P 500 Stocks Trading At 52-Week Low		December 12th, 2025
13	S&P 500 Stocks Trading At 52-Week Low		December 11th, 2025
14	Stocks Trading At 52-Week Low		December 10th, 2025
15	S&P 500 Stocks Trading At 52-Week Low		December 10th, 2025
16	S&P 500 Stocks Trading At 52-Week Low		December 9th, 2025

	Title
0	DASHBOARDS
1	Mondelez International Earnings Notes
2	MDLZ Delivers $37 Bil to Investors Over a Decade
3	How Low Can Mondelez International Stock Really Go?
4	Mondelez International vs Alphabet: Which Is A Better Investment?
5	Mondelez International vs Keurig Dr Pepper: Which Is A Better Investment?
6	Mondelez International vs Lamb Weston: Which Is A Better Investment?
7	MDLZ Hits Key Support - Is This The Buying Opportunity?
8	How Does Mondelez International Stock Stack Up Against Its Peers?
9	Better Bet Than MDLZ Stock: Pay Less Than Mondelez International To Get More From UNH, GD
10	Better Bet Than MDLZ Stock: Pay Less Than Mondelez International To Get More From CALM, BRBR
11	ARTICLES
12	S&P 500 Stocks Trading At 52-Week Low
13	S&P 500 Stocks Trading At 52-Week Low
14	Stocks Trading At 52-Week Low
15	S&P 500 Stocks Trading At 52-Week Low
16	S&P 500 Stocks Trading At 52-Week Low

Trade Ideas

Select past ideas related to MDLZ. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BF-B_11302025_Dip_Buyer_ValueBuy	11302025	BF-B	Brown-Forman	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	5.8%	5.8%	0.0%
CPB_11302025_Dip_Buyer_ValueBuy	11302025	CPB	Campbell's	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-5.9%	-5.9%	-7.5%
ENR_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	ENR	Energizer	Dip Buy	DB \| 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	15.4%	15.4%	-5.3%
FLO_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FLO	Flowers Foods	Dip Buy	DB \| 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	6.7%	6.7%	-1.6%
CLX_11142025_Dip_Buyer_FCFYield	11142025	CLX	Clorox	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-3.7%	-3.7%	-5.1%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
BF-B_11302025_Dip_Buyer_ValueBuy	11302025	BF-B	Brown-Forman	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	5.8%	5.8%	0.0%
CPB_11302025_Dip_Buyer_ValueBuy	11302025	CPB	Campbell's	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-5.9%	-5.9%	-7.5%
ENR_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	ENR	Energizer	Dip Buy	DB \| 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	15.4%	15.4%	-5.3%
FLO_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FLO	Flowers Foods	Dip Buy	DB \| 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	6.7%	6.7%	-1.6%
CLX_11142025_Dip_Buyer_FCFYield	11142025	CLX	Clorox	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-3.7%	-3.7%	-5.1%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
UDMY	Udemy	0.9	12.7%	-26.5%
TWO	Two Harbors Investment	1.2	12.1%	8.5%
IOVA	Iovance Biotherapeutics	0.9	12.0%	-65.9%
KOD	Kodiak Sciences	1.4	11.8%	171.1%
RXRX	Recursion Pharmaceuticals	2.1	11.4%	-30.8%
TTC	Toro	7.9	10.7%	2.0%
HUT	Hut 8	4.2	9.0%	96.0%
TPL	Texas Pacific Land	20.3	7.6%	-19.7%
AXGN	Axogen	1.5	7.0%	90.5%
SSII	SS Innovations International	1.1	6.7%	-25.6%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
NOW	ServiceNow	32.5	-80.0%	-85.2%
FDMT	4D Molecular Therapeutics	0.5	-20.1%	65.4%
IMNM	Immunome	1.7	-15.8%	86.3%
HNRG	Hallador Energy	0.7	-15.2%	51.2%
AMPX	Amprius Technologies	1.1	-14.6%	213.6%
BNTC	Benitec Biopharma	0.4	-13.1%	-14.6%
FLNC	Fluence Energy	2.4	-12.9%	16.9%
IMSR	Terrestrial Energy	0.7	-12.6%
BE	Bloom Energy	18.1	-12.1%	246.6%
BW	Babcock & Wilcox Enterprises	0.5	-12.1%	182.9%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	13.7	55.9%	-3.2%
PL	Planet Labs PBC	5.0	27.3%	307.7%
EEX	Emerald	0.9	25.9%	-2.8%
EVCM	EverCommerce	2.2	17.2%	10.4%
CNL	Collective Mining	1.1	15.8%	229.3%
ENVA	Enova International	4.1	15.8%	70.8%
IMVT	Immunovant	4.6	14.5%	8.9%
QURE	uniQure	1.3	14.3%	30.4%
INNV	InnovAge	0.8	14.2%	49.6%
PGEN	Precigen	1.2	13.4%	255.4%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.5	-81.7%	-85.2%
RZLT	Rezolute	0.2	-81.6%	-59.0%
FRMI	Fermi	6.3	-41.1%
LENZ	LENZ Therapeutics	0.5	-34.6%	-43.3%
BETR	Better Home & Finance	0.5	-30.9%	292.0%
LWLG	Lightwave Logic	0.4	-29.5%	41.4%
APLD	Applied Digital	5.6	-29.0%	188.0%
CRWV	CoreWeave	31.4	-26.8%
WULF	TeraWulf	4.5	-26.6%	104.4%
BW	Babcock & Wilcox Enterprises	0.5	-26.5%	182.9%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
OLMA	Olema Pharmaceuticals	2.8	282.6%	459.2%
WVE	WAVE Life Sciences	2.7	128.5%	32.1%
ALMS	Alumis	0.8	89.8%	34.6%
NUVB	Nuvation Bio	2.9	82.4%	220.3%
SEMR	SEMrush	1.8	75.7%	-0.2%
TE	T1 Energy	0.8	70.4%
ANF	Abercrombie & Fitch	5.6	68.4%	-21.6%
CBLL	CeriBell	0.8	67.5%	-16.6%
FTRE	Fortrea	1.5	65.4%	-13.2%
VERA	Vera Therapeutics	3.1	64.7%	14.8%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
NOW	ServiceNow	32.5	-81.3%	-85.2%
RZLT	Rezolute	0.2	-80.3%	-59.0%
JANX	Janux Therapeutics	0.9	-50.9%	-73.7%
FRMI	Fermi	6.3	-50.6%
AGIO	Agios Pharmaceuticals	1.5	-43.6%	-22.6%
IMSR	Terrestrial Energy	0.7	-38.9%
LENZ	LENZ Therapeutics	0.5	-36.3%	-43.3%
LWLG	Lightwave Logic	0.4	-36.3%	41.4%
UAMY	United States Antimony	0.5	-33.7%	156.5%
BETR	Better Home & Finance	0.5	-33.6%	292.0%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
UDMY	Udemy	0.9	12.7%	-26.5%
TWO	Two Harbors Investment	1.2	12.1%	8.5%
IOVA	Iovance Biotherapeutics	0.9	12.0%	-65.9%
KOD	Kodiak Sciences	1.4	11.8%	171.1%
RXRX	Recursion Pharmaceuticals	2.1	11.4%	-30.8%
TTC	Toro	7.9	10.7%	2.0%
HUT	Hut 8	4.2	9.0%	96.0%
TPL	Texas Pacific Land	20.3	7.6%	-19.7%
AXGN	Axogen	1.5	7.0%	90.5%
SSII	SS Innovations International	1.1	6.7%	-25.6%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
NOW	ServiceNow	32.5	-80.0%	-85.2%
FDMT	4D Molecular Therapeutics	0.5	-20.1%	65.4%
IMNM	Immunome	1.7	-15.8%	86.3%
HNRG	Hallador Energy	0.7	-15.2%	51.2%
AMPX	Amprius Technologies	1.1	-14.6%	213.6%
BNTC	Benitec Biopharma	0.4	-13.1%	-14.6%
FLNC	Fluence Energy	2.4	-12.9%	16.9%
IMSR	Terrestrial Energy	0.7	-12.6%
BE	Bloom Energy	18.1	-12.1%	246.6%
BW	Babcock & Wilcox Enterprises	0.5	-12.1%	182.9%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
TLRY	Tilray Brands	13.7	55.9%	-3.2%
PL	Planet Labs PBC	5.0	27.3%	307.7%
EEX	Emerald	0.9	25.9%	-2.8%
EVCM	EverCommerce	2.2	17.2%	10.4%
CNL	Collective Mining	1.1	15.8%	229.3%
ENVA	Enova International	4.1	15.8%	70.8%
IMVT	Immunovant	4.6	14.5%	8.9%
QURE	uniQure	1.3	14.3%	30.4%
INNV	InnovAge	0.8	14.2%	49.6%
PGEN	Precigen	1.2	13.4%	255.4%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	32.5	-81.7%	-85.2%
RZLT	Rezolute	0.2	-81.6%	-59.0%
FRMI	Fermi	6.3	-41.1%
LENZ	LENZ Therapeutics	0.5	-34.6%	-43.3%
BETR	Better Home & Finance	0.5	-30.9%	292.0%
LWLG	Lightwave Logic	0.4	-29.5%	41.4%
APLD	Applied Digital	5.6	-29.0%	188.0%
CRWV	CoreWeave	31.4	-26.8%
WULF	TeraWulf	4.5	-26.6%	104.4%
BW	Babcock & Wilcox Enterprises	0.5	-26.5%	182.9%

Peer Comparisons for Mondelez International

Peers to compare with:

Financials

	MDLZ	PEP	HSY	GIS	K	KHC	Median
Name	Mondelez.	PepsiCo	Hershey	General .	Kellanova	Kraft He.
Mkt Price	53.82	150.08	188.94	48.61	-	24.75	53.82
Mkt Cap	69.6	205.5	38.3	26.1	29.0	29.3	33.8
Rev LTM	37,645	92,366	11,295	18,777	12,643	25,164	21,970
Op Inc LTM	4,334	12,193	2,155	2,912	1,855	4,895	3,623
FCF LTM	2,290	6,788	1,579	1,783	650	3,631	2,036
FCF 3Y Avg	3,156	6,645	1,539	2,300	895	3,047	2,673
CFO LTM	3,576	11,755	2,146	2,360	1,305	4,474	2,968
CFO 3Y Avg	4,378	11,974	2,193	3,005	1,512	4,066	3,536

Growth & Margins

	MDLZ	PEP	HSY	GIS	K	KHC	Median
Name	Mondelez.	PepsiCo	Hershey	General .	Kellanova	Kraft He.
Rev Chg LTM	4.1%	0.5%	2.5%	-5.7%	-1.4%	-3.7%	-0.5%
Rev Chg 3Y Avg	7.5%	3.4%	5.2%	-0.9%	1.5%	-0.8%	2.5%
Rev Chg Q	5.9%	2.7%	26.0%	-7.2%	0.3%	-2.3%	1.5%
QoQ Delta Rev Chg LTM	1.5%	0.7%	5.0%	-2.0%	0.1%	-0.6%	0.4%
Op Mgn LTM	11.5%	13.2%	19.1%	15.5%	14.7%	19.5%	15.1%
Op Mgn 3Y Avg	14.5%	13.8%	21.6%	17.1%	12.1%	19.6%	15.8%
QoQ Delta Op Mgn LTM	-1.6%	-0.3%	-1.9%	-0.9%	-0.4%	-0.9%	-0.9%
CFO/Rev LTM	9.5%	12.7%	19.0%	12.6%	10.3%	17.8%	12.6%
CFO/Rev 3Y Avg	12.1%	13.0%	19.8%	15.3%	12.2%	15.6%	14.1%
FCF/Rev LTM	6.1%	7.3%	14.0%	9.5%	5.1%	14.4%	8.4%
FCF/Rev 3Y Avg	8.7%	7.2%	13.9%	11.7%	7.2%	11.7%	10.2%

Valuation

	MDLZ	PEP	HSY	GIS	K	KHC	Median
Name	Mondelez.	PepsiCo	Hershey	General .	Kellanova	Kraft He.
Mkt Cap	69.6	205.5	38.3	26.1	29.0	29.3	33.8
P/S	2.1	2.1	3.4	1.4	2.3	1.2	2.1
P/EBIT	18.9	19.0	19.9	9.0	15.1	-5.5	17.0
P/E	22.9	26.6	24.8	10.3	21.3	-7.1	22.1
P/CFO	22.6	16.4	17.7	11.0	21.8	6.9	17.0
Total Yield	7.4%	7.7%	6.9%	14.8%	7.5%	-8.0%	7.4%
Dividend Yield	3.1%	3.9%	2.9%	5.1%	2.8%	6.2%	3.5%
FCF Yield 3Y Avg	3.4%	3.1%	3.9%	6.5%	3.6%	8.3%	3.8%
D/E	0.3	0.0	0.2	0.5	0.2	0.7	0.2
Net D/E	0.3	0.0	0.1	0.5	0.2	0.6	0.2

Returns

	MDLZ	PEP	HSY	GIS	K	KHC	Median
Name	Mondelez.	PepsiCo	Hershey	General .	Kellanova	Kraft He.
1M Rtn	-3.1%	2.5%	5.6%	3.5%	-	2.7%	2.7%
3M Rtn	-13.7%	7.3%	-0.4%	0.1%	-	-2.3%	-0.4%
6M Rtn	-17.7%	18.6%	13.0%	-5.9%	-	-0.7%	-0.7%
12M Rtn	-9.6%	-0.0%	9.9%	-22.9%	-	-16.1%	-9.6%
3Y Rtn	-12.1%	-8.1%	-13.4%	-37.6%	-	-28.0%	-13.4%
1M Excs Rtn	-3.9%	1.8%	4.8%	2.8%	-	1.9%	1.9%
3M Excs Rtn	-15.6%	6.3%	-0.7%	-2.6%	-	-4.9%	-2.6%
6M Excs Rtn	-30.0%	6.2%	0.7%	-18.3%	-	-13.0%	-13.0%
12M Excs Rtn	-21.5%	-12.3%	-4.5%	-34.9%	-	-28.3%	-21.5%
3Y Excs Rtn	-82.1%	-78.4%	-83.3%	-105.9%	-	-97.1%	-83.3%

Comparison Analyses

	Title
0	How Does Mondelez International Stock Stack Up Against Its Peers?
1	Why HSY With 36% Upside May Beat MDLZ?
2	Mondelez vs. Archer-Daniels-Midland Company: Neither Seems Like A Good Bet
3	With 23% Gains On The Table, MDLZ May Outshine TSN
4	Mondelez vs. Estee Lauder: With Return Forecast Of 16%, Estee Lauder Is A Better Bet
5	Mondelez vs. LIN Media: With Return Forecast Of 37%, LIN Media Is A Better Bet
6	Mondelez vs. CSX: With Return Forecast Of 1.7%, Mondelez Is A Better Bet
7	Mondelez vs. Visa: Similar Revenue, But Visa Is A Better Bet
8	Mondelez vs. NVIDIA: Similar Revenue, But Mondelez Is A Better Bet
9	Mondelez vs. salesforce.com: Similar Revenue, But salesforce.com Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/28/2025	2/5/2025	2/2/2024	2/3/2023	2/4/2022	2/5/2021	2/7/2020
Key Financials
Total Revenue	37,645	36,441	36,016	31,496	28,720	26,581	25,868
EBITDA	5,601	8,071	7,645	4,763	5,847	4,922	4,978
Operating Income	4,334	6,665	5,611	3,796	4,857	4,154	4,027
Net Income	3,531	4,611	4,959	2,717	4,300	3,555	3,929
EPS	2.68	3.44	3.64	1.97	3.06	2.48	2.72
Growth Rates
Total Revenue Growth	4.1%	1.2%	14.4%	9.7%	8.0%	2.8%	-0.3%
EBITDA Growth	-26.4%	5.6%	60.5%	-18.5%	18.8%	-1.1%	21.0%
Operating Income Growth	-29.5%	18.8%	47.8%	-21.8%	16.9%	3.2%	8.8%
Net Income Growth	-7.5%	-7.0%	82.5%	-36.8%	21.0%	-9.5%	18.5%
Margins
EBITDA Margin	14.9%	22.1%	21.2%	15.1%	20.4%	18.5%	19.2%
Operating Income Margin	11.5%	18.3%	15.6%	12.1%	16.9%	15.6%	15.6%
Net Income Margin	9.4%	12.7%	13.8%	8.6%	15.0%	13.4%	15.2%
Cash & Debt
Total Cash	1,367	1,351	1,810	1,923	3,546	3,619	1,291
Total Debt	21,933	18,372	19,945	23,447	19,971	20,516	18,829
Net Debt / (Cash)	20,566	17,021	18,135	21,524	16,425	16,897	17,538
Cash Flows
Net Cash from Operations	3,576	4,910	4,714	3,908	4,141	3,964	3,965
Free Cash from Operations	2,290	3,523	3,602	3,002	3,176	3,101	3,040
Returns to Shareholders
Dividends	2,469	2,349	2,160	1,985	1,826	1,678	1,542
Share Repurchases	3,040	2,334	1,547	2,017	2,110	1,390	1,480

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/28/2025	7/29/2025	4/29/2025	2/5/2025	10/29/2024	7/30/2024	4/30/2024	2/2/2024	11/1/2023	7/27/2023	4/27/2023	2/3/2023
Key Financials Quarterly
Total Revenue	9,744	8,984	9,313	9,604	9,204	8,343	9,290	9,314	9,029	8,507	9,166	8,695
Ebitda	1,195	1,345	1,006	2,055	1,596	1,297	3,123	1,594	1,774	1,596	2,681	1,194
Operating Income	785	1,174	682	1,693	1,329	869	2,774	1,174	1,437	1,448	1,552	908
Net Income	743	641	402	1,745	853	601	1,412	950	984	944	2,081	583
EPS	0.57	0.49	0.31	1.31	0.64	0.45	1.05	0.70	0.72	0.69	1.52	0.43
Key Financials TTM
Total Revenue TTM	37,645	37,105	36,464	36,441	36,151	35,976	36,140	36,016	35,397	34,131	32,898	31,496
Ebitda TTM	5,601	6,002	5,954	8,071	7,610	7,788	8,087	7,645	7,245	6,494	6,119	4,763
Operating Income TTM	4,334	4,878	4,573	6,665	6,146	6,254	6,833	5,611	5,345	4,605	4,090	3,796
Net Income TTM	3,531	3,641	3,601	4,611	3,816	3,947	4,290	4,959	4,592	4,140	3,943	2,717
Growth Rates Quarterly
Total Revenue Growth	5.9%	7.7%	0.2%	3.1%	1.9%	-1.9%	1.4%	7.1%	16.3%	17.0%	18.1%	13.5%
EBITDA Growth	-25.1%	3.7%	-67.8%	28.9%	-10.0%	-18.7%	16.5%	33.5%	73.4%	30.7%	102.3%	-20.9%
Operating Income Growth	-40.9%	35.1%	-75.4%	44.2%	-7.5%	-40.0%	78.7%	29.3%	106.2%	55.2%	23.4%	-19.7%
Net Income Growth	-12.9%	6.7%	-71.5%	83.7%	-13.3%	-36.3%	-32.1%	63.0%	85.0%	26.4%	143.4%	-41.9%
Margins Quarterly
EBITDA Margin	12.3%	15.0%	10.8%	21.4%	17.3%	15.5%	33.6%	17.1%	19.6%	18.8%	29.2%	13.7%
Operating Income Margin	8.1%	13.1%	7.3%	17.6%	14.4%	10.4%	29.9%	12.6%	15.9%	17.0%	16.9%	10.4%
Net Income Margin	7.6%	7.1%	4.3%	18.2%	9.3%	7.2%	15.2%	10.2%	10.9%	11.1%	22.7%	6.7%
Cash & Debt
Total Cash	1,367	1,504	1,561	1,351	1,517	1,399	1,376	1,810	1,610	1,482	1,917	1,923
Total Debt	21,933	21,505	20,155	18,372	20,425	20,245	19,568	19,945	20,452	21,718	22,710	23,447
Net Debt / (Cash)	20,566	20,001	18,594	17,021	18,908	18,846	18,192	18,135	18,842	20,236	20,793	21,524
Cash Flows Quarterly
FCF from Operations	717	308	1,092	1,459	1,305	822	1,324	1,564	1,177	850	1,123	1,392
Cash Flows TTM
FCF from Operations TTM	3,576	4,164	4,678	4,910	5,015	4,887	4,915	4,714	4,542	3,914	3,900	3,908
Returns to Shareholders Quarterly
Dividends	609	610	623	627	571	573	578	579	526	526	529	528
Share Repurchases	240	131	1,522	1,147	113	506	568	888	63	197	399	179
Return on Invested Capital (ROIC) Quarterly
ROIC	12.3%	17.2%	10.5%	34.4%	20.0%	12.0%	46.6%	20.2%	22.4%	22.0%	21.0%	11.0%
Return on Invested Capital (ROIC) TTM
ROIC TTM	16.9%	18.9%	18.7%	30.0%	24.1%	24.7%	28.6%	22.9%	20.4%	16.2%	13.9%	12.9%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Biscuits & Baked Snacks	17,629	15,608	13,552
Chocolate	10,619	9,486	9,271	8,179	8,158
Gum & Candy	4,426	3,412	2,872	2,662	3,355
Cheese & Grocery	2,157	1,890	1,990	1,925	1,822
Beverages	1,185	1,100	1,035	1,049	1,095
Biscuits				12,766	11,438
Total	36,016	31,496	28,720	26,581	25,868

Price Behavior

Price Behavior

Market Price	$53.82
Market Cap ($ Bil)	69.6
First Trading Date	06/13/2001
Distance from 52W High	-23.3%
	50 Days	200 Days
DMA Price	$57.64	$62.95
DMA Trend	indeterminate	down
Distance from DMA	-6.6%	-14.5%
	3M	1YR
Volatility	19.7%	22.3%
Downside Capture	33.80	13.87
Upside Capture	-43.63	2.24
Correlation (SPY)	2.8%	8.8%

MDLZ Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.18	-0.01	-0.03	0.15	0.10	0.21
Up Beta	-0.78	0.47	0.25	0.03	0.20	0.29
Down Beta	0.07	0.06	0.20	0.17	-0.01	0.09
Up Capture	34%	-45%	-31%	-6%	2%	4%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	8	17	29	59	123	374
Down Capture	49%	9%	-8%	49%	21%	49%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	11	24	33	65	123	369

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of MDLZ With Other Asset Classes (Last 1Y)
	MDLZ	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-11.5%	-1.2%	12.1%	61.5%	2.2%	-2.2%	-12.7%
Annualized Volatility	22.2%	14.0%	19.7%	19.3%	15.9%	17.7%	35.4%
Sharpe Ratio	-0.63	-0.32	0.46	2.36	-0.05	-0.28	-0.17
Correlation With Other Assets		69.8%	8.8%	10.6%	-5.1%	45.7%	8.5%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of MDLZ With Other Asset Classes (Last 5Y)
	MDLZ	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	1.0%	6.0%	14.4%	18.3%	11.4%	4.8%	36.3%
Annualized Volatility	18.7%	13.0%	17.1%	15.5%	18.9%	18.9%	48.9%
Sharpe Ratio	-0.03	0.26	0.68	0.95	0.49	0.17	0.63
Correlation With Other Assets		75.1%	33.4%	11.2%	2.2%	43.9%	8.1%

Based On 10-Year Data

		Comparison of MDLZ With Other Asset Classes (Last 10Y)
	MDLZ	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	4.4%	7.5%	14.5%	14.6%	6.1%	5.4%	70.7%
Annualized Volatility	21.3%	14.7%	18.0%	14.7%	17.7%	20.8%	55.9%
Sharpe Ratio	0.18	0.39	0.69	0.82	0.27	0.23	0.91
Correlation With Other Assets		77.5%	52.9%	7.2%	13.8%	53.0%	7.8%

Short Interest

Short Interest: As Of Date	11282025
Short Interest: Shares Quantity	34,814,448
Short Interest: % Change Since 11152025	12.9%
Average Daily Volume	8,605,894
Days-to-Cover Short Interest	4.05
Basic Shares Quantity	1,293,000,000
Short % of Basic Shares	2.7%

Returns Analyses

	Title
0	How Low Can Mondelez International Stock Really Go?
1	MDLZ YTD Stock Return Of 3.2% Outperforms GIS by 24% and Outperforms KHC by 21%
2	Mondelez International Stock Return Comparison

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/28/2025	-3.9%	-6.9%	-5.0%
7/29/2025	-6.6%	-10.6%	-11.4%
4/29/2025	3.8%	2.8%	2.8%
2/4/2025	2.3%	7.7%	19.0%
10/29/2024	0.9%	-0.1%	-5.9%
7/30/2024	1.9%	2.1%	6.3%
4/30/2024	-1.7%	-1.5%	-5.6%
1/30/2024	-1.4%	-1.4%	-4.3%
...
SUMMARY STATS
# Positive	16	14	11
# Negative	8	10	13
Median Positive	1.9%	3.1%	6.0%
Median Negative	-2.3%	-1.6%	-4.3%
Max Positive	7.8%	7.7%	19.0%
Max Negative	-6.6%	-10.6%	-11.4%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10282025	10-Q 9/30/2025
6302025	7292025	10-Q 6/30/2025
3312025	4292025	10-Q 3/31/2025
12312024	2052025	10-K 12/31/2024
9302024	10292024	10-Q 9/30/2024
6302024	7302024	10-Q 6/30/2024
3312024	4302024	10-Q 3/31/2024
12312023	2022024	10-K 12/31/2023
9302023	11012023	10-Q 9/30/2023
6302023	7272023	10-Q 6/30/2023
3312023	4272023	10-Q 3/31/2023
12312022	2032023	10-K 12/31/2022
9302022	11012022	10-Q 9/30/2022
6302022	7262022	10-Q 6/30/2022
3312022	4262022	10-Q 3/31/2022
12312021	2042022	10-K 12/31/2021

Industry Resources

Packaged Foods & Meats Resources

USDA Data

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Mondelez International (MDLZ)

Market Price (12/18/2025): $53.825 | Market Cap: $69.6 BilSector: Consumer Staples | Industry: Packaged Foods & Meats

Mondelez International (MDLZ)

Market Price (12/18/2025): $53.825Market Cap: $69.6 BilSector: Consumer StaplesIndustry: Packaged Foods & Meats

Valuation, Metrics & Events

MDLZ Stock

Why The Stock Moved

Qualitative Assessment

Stock Movement Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Fundamental Drivers

Market Drivers

Return vs. Risk

Price Returns Compared

How Low Can It Go

In The Past

Preserve Wealth

Asset Allocation

About Mondelez International (MDLZ)

Rising Commodity Costs and Inflation

Changing Consumer Preferences and Intense Competition

Global Supply Chain Disruptions and Geopolitical Tensions

Biscuits (Cookies and Crackers)

Chocolate Confectionery

Gum & Candy (Confectionery)

Overall Snacks Market

Interactive Breakdown

Better Bets than Mondelez International (MDLZ)

Latest Trefis Analyses

Trade Ideas

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

1 Month Top Gainers

1 Month Top Losers

Recent Active Movers

1 Day Top Gainers

1 Day Top Losers

1 Week Top Gainers

1 Week Top Losers

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Financials

Growth & Margins

Valuation

Returns

Comparison Analyses

FDIC Bank Data

Bank Capital

Bank Deposits

Bank Assets

Bank Loans

Financials

Segment Financials

Price Behavior

Based On 1-Year Data

Based On 5-Year Data

Based On 10-Year Data

Short Interest

Returns Analyses

Earnings Returns History

SEC Filings

Insider Activity

Industry Resources

External Quote Links

Market Price (12/18/2025): $53.825 | Market Cap: $69.6 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

Market Price (12/18/2025): $53.825
Market Cap: $69.6 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats