Mondelez International (MDLZ)
Market Price (5/24/2026): $61.74 | Market Cap: $79.2 BilSector: Consumer Staples | Industry: Packaged Foods & Meats
Mondelez International (MDLZ)
Market Price (5/24/2026): $61.74Market Cap: $79.2 BilSector: Consumer StaplesIndustry: Packaged Foods & Meats
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%, Dividend Yield is 3.2% Stock buyback supportStock Buyback 3Y Total is 5.9 Bil Attractive cash flow generationCFO LTM is 3.9 Bil, FCF LTM is 2.6 Bil Low stock price volatilityVol 12M is 22% Megatrend and thematic driversMegatrends include Health & Wellness Trends, Sustainable Consumption, and E-commerce & DTC Adoption. Themes include Organic & Natural Products, Show more. | Weak multi-year price returns2Y Excs Rtn is -49%, 3Y Excs Rtn is -93% | Key risksMDLZ key risks include [1] unprecedented surges in commodity costs, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.5%, Dividend Yield is 3.2% |
| Stock buyback supportStock Buyback 3Y Total is 5.9 Bil |
| Attractive cash flow generationCFO LTM is 3.9 Bil, FCF LTM is 2.6 Bil |
| Low stock price volatilityVol 12M is 22% |
| Megatrend and thematic driversMegatrends include Health & Wellness Trends, Sustainable Consumption, and E-commerce & DTC Adoption. Themes include Organic & Natural Products, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -49%, 3Y Excs Rtn is -93% |
| Key risksMDLZ key risks include [1] unprecedented surges in commodity costs, Show more. |
Qualitative Assessment
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Mondelez International (MDLZ) stock has gained about 5% since 1/31/2026 because of the following key factors:
1. Strong Q4 2025 Financial Performance Exceeding Expectations.
Mondelez International reported better-than-expected financial results for the fourth quarter of 2025 on February 3, 2026. The company posted an Adjusted EPS of $0.72, surpassing the consensus estimate of $0.70 by $0.02. Additionally, net revenues reached $10.50 billion, exceeding analyst estimates of $10.32 billion and representing a 9.3% increase year-over-year. This robust performance early in the specified period likely contributed positively to investor sentiment.
2. Robust Q1 2026 Results and Reaffirmed Full-Year Guidance.
The company continued its positive financial trajectory with its first-quarter 2026 earnings, reported on April 28, 2026. Mondelez announced an EPS of $0.67, outperforming analyst consensus estimates of $0.61-$0.63. Quarterly revenue grew 8.2% year-over-year to $10.08 billion, surpassing estimates of $9.75-$9.94 billion. Despite facing significant cocoa cost inflation, which impacted Q1 2026 Adjusted Gross Profit margin by 270 basis points, management reaffirmed its full-year 2026 outlook for organic net revenue growth in the range of flat to 2% and adjusted EPS growth of flat to 5% on a constant currency basis. This demonstrated management's confidence in its ability to navigate macroeconomic challenges and deliver sustained growth.
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1. Strong Q4 2025 Financial Performance Exceeding Expectations.
Mondelez International reported better-than-expected financial results for the fourth quarter of 2025 on February 3, 2026. The company posted an Adjusted EPS of $0.72, surpassing the consensus estimate of $0.70 by $0.02. Additionally, net revenues reached $10.50 billion, exceeding analyst estimates of $10.32 billion and representing a 9.3% increase year-over-year. This robust performance early in the specified period likely contributed positively to investor sentiment.
2. Robust Q1 2026 Results and Reaffirmed Full-Year Guidance.
The company continued its positive financial trajectory with its first-quarter 2026 earnings, reported on April 28, 2026. Mondelez announced an EPS of $0.67, outperforming analyst consensus estimates of $0.61-$0.63. Quarterly revenue grew 8.2% year-over-year to $10.08 billion, surpassing estimates of $9.75-$9.94 billion. Despite facing significant cocoa cost inflation, which impacted Q1 2026 Adjusted Gross Profit margin by 270 basis points, management reaffirmed its full-year 2026 outlook for organic net revenue growth in the range of flat to 2% and adjusted EPS growth of flat to 5% on a constant currency basis. This demonstrated management's confidence in its ability to navigate macroeconomic challenges and deliver sustained growth.
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Stock Movement Drivers
Fundamental Drivers
The 6.5% change in MDLZ stock from 1/31/2026 to 5/23/2026 was primarily driven by a 43.1% change in the company's P/E Multiple.| (LTM values as of) | 1312026 | 5232026 | Change |
|---|---|---|---|
| Stock Price ($) | 57.97 | 61.76 | 6.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 37,645 | 39,304 | 4.4% |
| Net Income Margin (%) | 9.4% | 6.6% | -29.2% |
| P/E Multiple | 21.2 | 30.4 | 43.1% |
| Shares Outstanding (Mil) | 1,293 | 1,283 | 0.8% |
| Cumulative Contribution | 6.5% |
Market Drivers
1/31/2026 to 5/23/2026| Return | Correlation | |
|---|---|---|
| MDLZ | 6.5% | |
| Market (SPY) | 8.1% | 5.3% |
| Sector (XLP) | 2.1% | 63.1% |
Fundamental Drivers
The 9.4% change in MDLZ stock from 10/31/2025 to 5/23/2026 was primarily driven by a 46.9% change in the company's P/E Multiple.| (LTM values as of) | 10312025 | 5232026 | Change |
|---|---|---|---|
| Stock Price ($) | 56.45 | 61.76 | 9.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 37,645 | 39,304 | 4.4% |
| Net Income Margin (%) | 9.4% | 6.6% | -29.2% |
| P/E Multiple | 20.7 | 30.4 | 46.9% |
| Shares Outstanding (Mil) | 1,293 | 1,283 | 0.8% |
| Cumulative Contribution | 9.4% |
Market Drivers
10/31/2025 to 5/23/2026| Return | Correlation | |
|---|---|---|
| MDLZ | 9.4% | |
| Market (SPY) | 9.9% | 4.0% |
| Sector (XLP) | 12.7% | 65.8% |
Fundamental Drivers
The -6.3% change in MDLZ stock from 4/30/2025 to 5/23/2026 was primarily driven by a -32.8% change in the company's Net Income Margin (%).| (LTM values as of) | 4302025 | 5232026 | Change |
|---|---|---|---|
| Stock Price ($) | 65.93 | 61.76 | -6.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 36,464 | 39,304 | 7.8% |
| Net Income Margin (%) | 9.9% | 6.6% | -32.8% |
| P/E Multiple | 23.8 | 30.4 | 27.5% |
| Shares Outstanding (Mil) | 1,301 | 1,283 | 1.4% |
| Cumulative Contribution | -6.3% |
Market Drivers
4/30/2025 to 5/23/2026| Return | Correlation | |
|---|---|---|
| MDLZ | -6.3% | |
| Market (SPY) | 36.0% | 4.5% |
| Sector (XLP) | 6.5% | 66.2% |
Fundamental Drivers
The -12.5% change in MDLZ stock from 4/30/2023 to 5/23/2026 was primarily driven by a -44.6% change in the company's Net Income Margin (%).| (LTM values as of) | 4302023 | 5232026 | Change |
|---|---|---|---|
| Stock Price ($) | 70.56 | 61.76 | -12.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 32,898 | 39,304 | 19.5% |
| Net Income Margin (%) | 12.0% | 6.6% | -44.6% |
| P/E Multiple | 24.4 | 30.4 | 24.3% |
| Shares Outstanding (Mil) | 1,366 | 1,283 | 6.5% |
| Cumulative Contribution | -12.5% |
Market Drivers
4/30/2023 to 5/23/2026| Return | Correlation | |
|---|---|---|
| MDLZ | -12.5% | |
| Market (SPY) | 86.3% | 10.7% |
| Sector (XLP) | 18.8% | 68.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| MDLZ Return | 16% | 3% | 11% | -15% | -7% | 15% | 20% |
| Peers Return | 20% | 19% | -13% | -7% | -8% | -2% | 4% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| MDLZ Win Rate | 50% | 42% | 42% | 42% | 50% | 80% | |
| Peers Win Rate | 60% | 62% | 43% | 40% | 42% | 56% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| MDLZ Max Drawdown | -10% | -18% | -21% | -21% | -23% | -13% | |
| Peers Max Drawdown | -14% | -15% | -28% | -17% | -21% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: PEP, HSY, GIS, KHC, SJM. 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] 2026 data is for the year up to 5/22/2026 (YTD)
How Low Can It Go
| Event | MDLZ | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -17.5% | -9.5% |
| % Gain to Breakeven | 21.1% | 10.5% |
| Time to Breakeven | 82 days | 24 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -15.4% | -24.5% |
| % Gain to Breakeven | 18.2% | 32.4% |
| Time to Breakeven | 41 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -29.3% | -33.7% |
| % Gain to Breakeven | 41.4% | 50.9% |
| Time to Breakeven | 163 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -20.7% | -12.2% |
| % Gain to Breakeven | 26.2% | 13.9% |
| Time to Breakeven | 143 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -10.9% | -6.8% |
| % Gain to Breakeven | 12.3% | 7.3% |
| Time to Breakeven | 20 days | 15 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -35.0% | -53.4% |
| % Gain to Breakeven | 53.8% | 114.4% |
| Time to Breakeven | 404 days | 1085 days |
In The Past
Mondelez International's stock fell 0.0% during the 2025 US Tariff Shock. Such a loss loss requires a 0.0% gain to breakeven.
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| Event | MDLZ | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -29.3% | -33.7% |
| % Gain to Breakeven | 41.4% | 50.9% |
| Time to Breakeven | 163 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -20.7% | -12.2% |
| % Gain to Breakeven | 26.2% | 13.9% |
| Time to Breakeven | 143 days | 62 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -35.0% | -53.4% |
| % Gain to Breakeven | 53.8% | 114.4% |
| Time to Breakeven | 404 days | 1085 days |
In The Past
Mondelez International's stock fell 0.0% during the 2025 US Tariff Shock. Such a loss loss requires a 0.0% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
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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Here are 1-3 brief analogies for Mondelez International (MDLZ):
- Like PepsiCo but focused on sweet and savory snacks such as Oreo cookies, Cadbury chocolate, and Trident gum.
- Like a global Hershey with a much broader range of products beyond chocolate, including iconic biscuits (Oreo), gums, and candies.
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- Biscuits: This category includes various cookies, crackers, and salted snacks, featuring popular brands like Oreo, belVita, and LU.
- Chocolates: Mondelez offers a range of chocolate products, with major brands such as Cadbury, Milka, and Toblerone.
- Gums and Candies: The company sells various chewing gums and candies, including well-known brands like Trident and Halls.
- Cheese and Grocery Products: Mondelez also provides a selection of cheese and general grocery items.
- Powdered Beverages: This product line includes various powdered drink mixes, notably the Tang brand.
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Mondelez International (MDLZ) primarily sells its snack food and beverage products to other companies, which then distribute or sell these products to individual consumers. Its major customers are large retail and wholesale organizations across various channels mentioned in the company description.
Based on the types of outlets Mondelez International serves, its major customer companies include, but are not limited to, the following prominent examples:
- Walmart Inc. (WMT)
- The Kroger Co. (KR)
- Costco Wholesale Corporation (COST)
- Amazon.com, Inc. (AMZN)
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Dirk Van de Put, Chairman and Chief Executive Officer
Dirk Van de Put has served as Chairman and Chief Executive Officer of Mondelēz International since November 2017, becoming Chairman in April 2018. His career spans over three decades in the consumer packaged goods industry, including leadership roles at companies such as Coca-Cola, Mars Inc., Novartis, and Danone. Prior to joining Mondelēz, he was the President and Chief Executive Officer of McCain Foods Limited, a Canadian frozen foods manufacturer, from 2011 to 2017.
Luca Zaramella, Executive Vice President, Chief Operating Officer and Chief Financial Officer
Luca Zaramella joined Mondelēz International in 2011 and has held various senior finance roles, including Senior Vice President and Corporate Controller, and Senior Vice President, Corporate Finance. He became Executive Vice President and Chief Financial Officer in 2018. As of February 1, 2026, Zaramella's role expanded to include Chief Operating Officer responsibilities, overseeing the company's commercial operations across its four geographical regions, as well as corporate sales, marketing, and supply chain functions. Mondelēz International is currently searching for a successor for the CFO position. He has extensive experience in both emerging and developed markets across Latin America, Europe, and North America.
Laura Stein, Executive Vice President, Corporate & Legal Affairs; General Counsel and Corporate Secretary
Laura Stein joined Mondelēz International in January 2021. In her role, she oversees the company's global legal, compliance, corporate reputation, and ESG agendas. Before joining Mondelēz, Ms. Stein served as Executive Vice President, General Counsel & Corporate Affairs for The Clorox Company from 2005 to 2020. Prior to her time at Clorox, she was Senior Vice President and General Counsel at H.J. Heinz Company from 2000 to 2005.
Joost Vlaanderen, President, Greater China
Joost Vlaanderen was appointed President of Mondelēz Greater China in May 2018. He has been with Mondelēz International for nearly 20 years, taking on leadership roles with increasing responsibility across multiple geographies. His previous roles include Managing Director of Turkey, and Managing Director of Southern, Central, and Eastern Africa. Before these roles, he was Country Director for the Netherlands and General Manager for Cadbury Northern Europe, having also spent time at Cadbury PLC prior to its acquisition by Kraft Foods (which later spun off into Mondelēz International).
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The key risks to Mondelez International's business are:1. Commodity Price Volatility and Supply Chain Disruptions
Mondelez International faces significant exposure to the volatility of raw material prices, particularly cocoa, which has seen unprecedented inflation in recent periods. This directly impacts the company's profitability and has led to a lowered earnings per share (EPS) outlook for 2025. Additionally, global supply chain disruptions, stemming from geopolitical tensions, extreme weather events, and transportation delays, pose ongoing threats to raw material sourcing and product delivery.2. Evolving Consumer Preferences and Intense Competition
The company operates in a highly competitive snack food industry, facing pressure from established global players, new market entrants, and the rise of private-label brands. A significant challenge also comes from changing consumer preferences, with an increasing demand for healthier, more sustainable, and ethically sourced snack options. Mondelez must continuously innovate and adapt its product portfolio to meet these evolving tastes to maintain market share and profitability.3. Regulatory and Legal Challenges
Mondelez International is subject to a complex web of regulations across its global markets, including those related to food safety, labeling, and sugar content. The company has also faced substantial legal repercussions, such as a significant fine from the European Commission for hindering cross-border trade of its products, violating EU competition rules. Furthermore, there is ongoing scrutiny and risk associated with environmental, social, and governance (ESG) factors, including human rights in its supply chains (e.g., potential child labor in cocoa sourcing) and deforestation concerns linked to its palm oil and cocoa supply chains.AI Analysis | Feedback
The clear emerging threats for Mondelez International are:
- A significant and accelerating global shift in consumer preferences towards healthier, natural, low-sugar, and low-fat snack options, which directly challenges the market for many of Mondelez's core indulgent products like chocolates, cookies, and candies.
- Increasingly stringent government regulations worldwide regarding the nutritional content of food products, particularly concerning sugar, fat, and artificial ingredients, potentially leading to higher taxes, mandatory warning labels, and marketing restrictions on products that form a substantial part of Mondelez's portfolio.
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Addressable Market Sizes for Mondelez International's Main Products
- Biscuits: The global biscuits market size was valued at approximately USD 130.14 billion in 2024.
- Cookies: The global cookies market size was valued at approximately USD 26.90 billion in 2024.
- Crackers: The global crackers market size was valued at approximately USD 26.01 billion in 2025.
- Salted Snacks (Savory Snacks): The global savory snacks market size was valued at approximately USD 316.97 billion in 2025. The global salty snacks market was valued at approximately USD 125 billion in 2023.
- Chocolates: The global chocolate market size was valued at approximately USD 123.04 billion in 2024. Other estimates place the global chocolate market size at USD 130.72 billion in 2024.
- Candies: The global candy market size was valued at approximately USD 77.5 billion in 2024. Another estimate places the global candy market size at USD 252.51 billion in 2024.
- Gums (Chewing Gum): The global chewing gum market size was valued at approximately USD 28.69 billion in 2024.
- Powdered Beverages (Flavored Powder Drinks): The global flavored powder drinks market size was valued at approximately USD 81.38 billion in 2024.
- Cheese and Grocery: null
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Mondelez International (MDLZ) is expected to drive future revenue growth over the next 2-3 years through several strategic initiatives:
- Enhanced Focus on Core Snacking Categories: Mondelez is strategically reshaping its portfolio to concentrate on high-growth chocolate, biscuits, and baked snacks segments, aiming for these categories to generate 90% of its revenue over time. This includes targeted expansion into attractive adjacencies like cakes and pastries, where the company holds a significant global share.
- Expansion in Emerging Markets: The company plans to accelerate growth in developed markets while strengthening its presence and successful approach in key emerging markets, including China, India, Brazil, and Mexico.
- Digital Commerce and Marketing Capabilities: Mondelez is making substantial investments exceeding $1 billion to become a leader in digital commerce snacks, with a long-term goal of deriving 20% of its revenues from digital channels by 2030, a significant increase from 6% in 2021. This is complemented by investments in differentiated marketing and sales capabilities.
- Strategic Pricing and Volume/Mix Management: The company has demonstrated the ability to implement strategic pricing actions, which have contributed to organic net revenue growth. While facing challenges such as cocoa cost inflation, Mondelez continues to focus on optimizing pricing strategies and driving favorable volume/mix trends by emphasizing consumer loyalty to its brands.
- Targeted Acquisitions: Mondelez utilizes a proven strategy of targeted acquisitions, integration, and brand expansion to further enhance its portfolio and extend its presence in its core chocolate, biscuits, and baked snacks categories. Recent acquisitions, such as Evirthfood in September 2024, exemplify this commitment.
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Share Repurchases
- Mondelez International approved a new share repurchase authorization of up to $9 billion, effective January 1, 2025, through December 31, 2027. This authorization replaces a prior $6 billion program that had approximately $2.8 billion remaining.
- The company repurchased $2.33 billion of common stock in 2024, an increase from $1.55 billion in 2023.
- Mondelez returned a total of $4.9 billion to shareholders in cash dividends and share repurchases in 2025.
Outbound Investments
- Mondelez's acquisition strategy focuses on "bolt-on assets" in attractive categories like chocolate, biscuits, and baked snacks.
- The company acquired Evirthfood, a manufacturer of premium frozen baked goods, in September 2024.
- Other notable acquisitions include Clif Bar in 2022 and Chipita S.A. in 2021 for approximately $2 billion.
Capital Expenditures
- Mondelez International's capital expenditures for fiscal years ending December 2021 to 2025 averaged $1.13 billion.
- Capital expenditures reached $1.387 billion in December 2024, reflecting strategic investments in property, plant, and equipment.
- For the trailing twelve months ended December 2025, capital expenditures were $1.279 billion.
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Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 82.56 |
| Mkt Cap | 33.9 |
| Rev LTM | 21,883 |
| Op Inc LTM | 3,355 |
| FCF LTM | 2,214 |
| FCF 3Y Avg | 2,752 |
| CFO LTM | 3,124 |
| CFO 3Y Avg | 3,693 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 2.9% |
| Rev Chg 3Y Avg | 2.6% |
| Rev Chg Q | 7.6% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Inc Chg LTM | -19.3% |
| Op Inc Chg 3Y Avg | 2.8% |
| Op Mgn LTM | 14.6% |
| Op Mgn 3Y Avg | 17.0% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 14.1% |
| CFO/Rev 3Y Avg | 14.9% |
| FCF/Rev LTM | 10.2% |
| FCF/Rev 3Y Avg | 10.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 33.9 |
| P/S | 1.6 |
| P/Op Inc | 11.6 |
| P/EBIT | 11.7 |
| P/E | 15.3 |
| P/CFO | 12.1 |
| Total Yield | 6.0% |
| Dividend Yield | 4.0% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.5 |
| Net D/E | 0.4 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.6% |
| 3M Rtn | -6.6% |
| 6M Rtn | 2.4% |
| 12M Rtn | -3.6% |
| 3Y Rtn | -20.8% |
| 1M Excs Rtn | -0.5% |
| 3M Excs Rtn | -17.1% |
| 6M Excs Rtn | -10.0% |
| 12M Excs Rtn | -31.1% |
| 3Y Excs Rtn | -102.6% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Biscuits & Baked Snacks | 17,802 | 17,629 | 15,608 | 13,552 | |
| Chocolate | 11,248 | 10,619 | 9,486 | 9,271 | 8,179 |
| Gum & Candy | 4,040 | 4,426 | 3,412 | 2,872 | 2,662 |
| Cheese & Grocery | 2,255 | 2,157 | 1,890 | 1,990 | 1,925 |
| Beverages | 1,096 | 1,185 | 1,100 | 1,035 | 1,049 |
| Biscuits | 12,766 | ||||
| Total | 36,441 | 36,016 | 31,496 | 28,720 | 26,581 |
Price Behavior
Price Behavior
| Market Price | $61.76 | |
| Market Cap ($ Bil) | 79.2 | |
| First Trading Date | 06/13/2001 | |
| Distance from 52W High | -10.4% | |
| 50 Days | 200 Days | |
| DMA Price | $58.78 | $58.17 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 5.1% | 6.2% |
| 3M | 1YR | |
| Volatility | 23.8% | 22.0% |
| Downside Capture | -14.44 | 8.08 |
| Upside Capture | 11.09 | 1.38 |
| Correlation (SPY) | 10.9% | 5.3% |
MDLZ Betas & Captures as of 4/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.21 | 0.28 | 0.05 | 0.05 | 0.06 | 0.14 |
| Up Beta | 0.17 | 0.28 | 0.28 | 0.06 | 0.02 | 0.25 |
| Down Beta | 2.40 | 0.08 | -0.07 | -0.00 | 0.02 | 0.01 |
| Up Capture | -15% | 12% | 1% | 6% | 2% | 2% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 12 | 22 | 35 | 62 | 125 | 372 |
| Down Capture | -60% | 64% | 0% | 7% | 26% | 39% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 10 | 21 | 29 | 63 | 126 | 374 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MDLZ | |
|---|---|---|---|---|
| MDLZ | -2.2% | 22.0% | -0.18 | - |
| Sector ETF (XLP) | 6.8% | 12.4% | 0.25 | 65.4% |
| Equity (SPY) | 29.5% | 12.0% | 1.86 | 5.3% |
| Gold (GLD) | 35.5% | 26.8% | 1.11 | 10.0% |
| Commodities (DBC) | 42.9% | 18.7% | 1.77 | -4.2% |
| Real Estate (VNQ) | 15.2% | 13.1% | 0.82 | 38.6% |
| Bitcoin (BTCUSD) | -31.3% | 41.8% | -0.78 | -1.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MDLZ | |
|---|---|---|---|---|
| MDLZ | 2.4% | 19.4% | 0.04 | - |
| Sector ETF (XLP) | 6.4% | 13.2% | 0.27 | 74.5% |
| Equity (SPY) | 14.0% | 17.0% | 0.64 | 30.1% |
| Gold (GLD) | 18.8% | 18.0% | 0.85 | 10.5% |
| Commodities (DBC) | 10.4% | 19.4% | 0.42 | 0.7% |
| Real Estate (VNQ) | 3.8% | 18.8% | 0.10 | 42.7% |
| Bitcoin (BTCUSD) | 11.6% | 55.3% | 0.41 | 6.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with MDLZ | |
|---|---|---|---|---|
| MDLZ | 5.8% | 21.0% | 0.24 | - |
| Sector ETF (XLP) | 7.6% | 14.7% | 0.38 | 77.5% |
| Equity (SPY) | 15.7% | 17.9% | 0.75 | 50.3% |
| Gold (GLD) | 13.0% | 16.0% | 0.67 | 9.5% |
| Commodities (DBC) | 7.8% | 17.9% | 0.35 | 12.7% |
| Real Estate (VNQ) | 5.5% | 20.7% | 0.23 | 52.0% |
| Bitcoin (BTCUSD) | 66.7% | 66.9% | 1.06 | 7.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 4/28/2026 | 4.3% | 4.8% | |
| 2/3/2026 | -0.1% | 2.0% | -2.2% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 15 | 10 |
| # Negative | 8 | 9 | 13 |
| Median Positive | 1.9% | 2.9% | 6.1% |
| Median Negative | -2.3% | -1.5% | -4.3% |
| Max Positive | 4.3% | 7.7% | 19.0% |
| Max Negative | -6.6% | -10.6% | -11.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 04/28/2026 | 10-Q |
| 12/31/2025 | 02/04/2026 | 10-K |
| 09/30/2025 | 10/28/2025 | 10-Q |
| 06/30/2025 | 07/29/2025 | 10-Q |
| 03/31/2025 | 04/29/2025 | 10-Q |
| 12/31/2024 | 02/05/2025 | 10-K |
| 09/30/2024 | 10/29/2024 | 10-Q |
| 06/30/2024 | 07/30/2024 | 10-Q |
| 03/31/2024 | 04/30/2024 | 10-Q |
| 12/31/2023 | 02/02/2024 | 10-K |
| 09/30/2023 | 11/01/2023 | 10-Q |
| 06/30/2023 | 07/27/2023 | 10-Q |
| 03/31/2023 | 04/27/2023 | 10-Q |
| 12/31/2022 | 02/03/2023 | 10-K |
| 09/30/2022 | 11/01/2022 | 10-Q |
| 06/30/2022 | 07/26/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 4/28/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Organic Net Revenue Growth | 0.0% | 1.0% | 2.0% | 0.0% | 0.0% | Affirmed | Guidance: 1.0% for 2026 |
| 2026 Adjusted EPS Growth | 0.0% | 2.5% | 5.0% | 0.0% | 0.0% | Affirmed | Guidance: 2.5% for 2026 |
| 2026 Free Cash Flow | 3.00 Bil | 0.0% | Affirmed | Guidance: 3.00 Bil for 2026 | |||
| 2026 Currency Impact on Net Revenue Growth | 2.0% | ||||||
| 2026 Currency Impact on Adjusted EPS | 0.06 | ||||||
Prior: Q4 2025 Earnings Reported 2/3/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Organic Net Revenue Growth | 0.0% | 1.0% | 2.0% | -75.0% | -3.0% | Lowered | Guidance: 4.0% for 2025 |
| 2026 Adjusted EPS Growth | 0.0% | 2.5% | 5.0% | -116.7% | 17.5% | Raised | Guidance: -15.0% for 2025 |
| 2026 Free Cash Flow | 3.00 Bil | 0 | Affirmed | Guidance: 3.00 Bil for 2025 | |||
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Stevens, Brian | SVP, CTR & Chief Accoun Off | Trust | Sell | 5042026 | 61.55 | 1 | Form | ||
| 2 | Stevens, Brian | SVP, CTR & Chief Accoun Off | Trust | Sell | 5042026 | 61.46 | 63 | 3,872 | 1,291 | Form |
| 3 | Valle, Gustavo Carlos | EVP and President, NA | Direct | Sell | 2132026 | 62.00 | 3,000 | 186,000 | 6,174,952 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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