Start here if you're new
what it is
Mondelez sells the snacks you reach for on autopilot, from Oreo and Cadbury to Trident and Tang.
how it gets paid
Last year Mdlz made $38.5B in revenue. Europe was the main engine at $14.2B, or 37% of sales.
why it's growing
Revenue grew 5.8% last year. This was fueled by aggressively higher prices to offset record cocoa inflation.
what just happened
Mondelez posted $0.72 EPS, missing the $0.75 estimate, while gross margin held at 28.5%.
At a glance
B++ balance sheet — above average — nothing keeping you up at night
75/100 earnings predictability — reasonably predictable
21.6x trailing p/e — priced about right
3.5% dividend yield — cash in your pocket every quarter
13.5% return on capital — nothing to write home about
xvary composite: 58/100 — below average
What they do
Mondelez sells the snacks you reach for on autopilot, from Oreo and Cadbury to Trident and Tang.
You do not casually switch your comfort snack. Mondelez sells in over 80 countries and runs brands like Oreo, Cadbury, Milka, LU, Nabisco, and Trident, which keeps shelf space sticky and repeat buying boring in the best way. Return on capital was 13.5% in the base data, which means invested money → profit from the business → this brand system still earns more than a plain food distributor.
How they make money
$38.5B
annual revenue · their business grew +5.8% last year
Europe
$14.2B
+4.0%
North America
$10.8B
+3.0%
AMEA
$9.2B
+8.0%
Latin America
$4.3B
+10.0%
The products that matter
global snacking portfolio
Chocolate, Biscuits, Gum, Candy, Coffee & Powdered Beverages
$38.5B annual revenue
it's the entire $38.5B business, and at a 10.0% net margin it turns scale into real profit rather than just a lot of boxes on shelves.
100% of revenue
Key numbers
$38.5B
annual revenue
This is a giant snack business, not a niche brand story. Scale helps absorb cost shocks better than smaller rivals.
21.6x
trailing p/e
You are paying a market-like multiple for a slow, steady business with a 3.5% yield.
13.5%
return on capital
Return on capital → profit earned on money invested → so what: the snack machine still earns decent returns.
0.6
beta
Beta → how jumpy the stock is versus the market → so what: MDLZ usually moves less than hotter names.
Financial health
B++
strength
- balance sheet grade B++ — above average financial health
- risk rank 2 — safer than 80% of stocks
- price stability 100 / 100
- long-term debt $17.1B (19% of capital)
- net profit margin 13.2% — keeps 13 cents of every dollar in revenue
- return on equity 19% — $0.19 profit for every $1 investors have put in
B++ — functional but not a standout on the balance sheet.
Total return vs. market
You invested $10,000 in MDLZ 3 years ago → it's now worth $8,830.
The index would have given you $13,920.
source: institutional data · total return
What just happened
missed estimates
Mondelez posted $0.72 EPS, missing the $0.75 estimate, while gross margin held at 28.5%.
Revenue still grew 5.8% to $38.5B for the year. The quiet part is that higher prices did the lifting while shoppers in Europe and North America bought less.
$9.6B
revenue
$0.72
eps
28.5%
gross margin
the number that mattered
The 4.0% EPS miss matters because this is a defensive stock, and defensive stocks are supposed to miss less.
-
third quarter financial results were a mixed bag for mondelez.
-
on the plus side, revenues for the period climbed nearly 6% vs. prior year, to a little over $9.7 billion.
-
this was fueled by aggressively higher prices to offset record cocoa inflation.
-
however, this resulted in significant volume declines due to consumer price sensitivity in europe and north america.
-
meanwhile, profits were hurt by high raw material and transportation costs.
source: company earnings report, 2026
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What could go wrong
the #1 risk is cocoa inflation forcing more price hikes into weaker snack volumes.
med
cocoa inflation
The recent quarter already showed higher prices being used to offset record cocoa costs. If cocoa stays elevated, Mondelez either takes the margin hit or asks consumers to pay more again.
The recent quarter already showed higher prices being used to offset record cocoa costs. If cocoa stays elevated, Mondelez either takes the margin hit or asks consumers to pay more again.
med
volume pushback
Management already flagged volume declines in Europe and other markets. If that spreads, revenue can still look stable for a while while the demand picture underneath gets weaker.
Management already flagged volume declines in Europe and other markets. If that spreads, revenue can still look stable for a while while the demand picture underneath gets weaker.
low
input and freight costs
Raw material and transportation costs hurt recent profits. On a 10.0% net margin, there is not a huge buffer for repeated cost shocks.
Raw material and transportation costs hurt recent profits. On a 10.0% net margin, there is not a huge buffer for repeated cost shocks.
low
balance sheet obligations
The balance sheet is fine, not bulletproof. There is $17.1B in long-term debt, equal to 19% of capital, so a long margin squeeze would matter more than it would for a cash-richer staples peer.
The balance sheet is fine, not bulletproof. There is $17.1B in long-term debt, equal to 19% of capital, so a long margin squeeze would matter more than it would for a cash-richer staples peer.
This risk sits on 100% of a $38.5B snack portfolio, and with a 10.0% net margin there is not much room for cocoa, freight, and volume pressure to pile up at once.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
next earnings — april 27, 2026
You want margin commentary first and revenue commentary second. Right now this stock's argument lives in cost control.
trend
pricing vs. volume
Recent sales growth leaned on price. Watch for signs that volumes stabilize instead of continuing to slip.
risk
cocoa and freight costs
The recent quarter already showed cost pressure. If input inflation stays hot, margin recovery gets delayed.
metric
EPS reset vs. $3.10 estimate
Quarterly EPS was $0.57 and down 10% from last year. Watch whether the full-year $3.10 estimate starts moving lower.
Analyst rankings
short-term outlook
below average
Momentum score 4 — in human-speak, analysts think the next stretch looks muted rather than compelling.
risk profile
safer than most
Stability score 2 means the stock has historically behaved better than roughly 80% of names in the database.
chart momentum
average
Technical score 3. No screaming signal here — just a mature staples stock acting like one.
earnings predictability
75 / 100
The business is usually steady enough to model. Recent cost pressure is the thing trying to ruin that reputation.
source: institutional data
Institutional activity
institutions have been net selling for 2 consecutive quarters — 712 buyers vs. 984 sellers in 3q2025. total institutional holdings: 1.1B shares. net selling for 2 quarters.
source: institutional data
Price targets
3-5 year target range
$47
$73
$55
current price
$60
target midpoint · +9% from current · 3-5yr high: $115 (+110% · 22% ann'l return)
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