Andrew Lazar - Barclays Bank PLC, Research Division
Presentation
Andrew Lazar
Barclays Bank PLC, Research Division
Good morning. Welcome back, day 2. I hope everybody is properly hydrated and ready for another long day. But we're really excited to have with us Mondelez International back at our conference. So thanks so much for being here. And with us this morning, we have COO, Luca Zaramella; CFO, Amit Banati. Welcome to you both.
Amit Banati
Executive VP & CFO
Thank you.
Luca Zaramella
Executive VP & COO
Thank you, Andrew.
Question-and-Answer Session
Andrew Lazar
Barclays Bank PLC, Research Division
Maybe we kick it off, Luca, with you. Mondelez has come through a pretty anomalous several years, extreme volatility in cocoa, which also necessitated a few years of sizable consecutive pricing, not to mention a broadly challenging consumer environment, all wrapped up in impacts from Middle East conflicts. While still a very dynamic macro theater, it seems as though perhaps we're getting closer to a more -- now I won't say normal, but maybe more stable operating environment. As you think out towards 2027 and beyond, you've continued to express confidence in the 3% to 5% organic sales algorithm and high single-digit constant currency EPS over time. I guess what gives you the most confidence today that, that algorithm is still intact? And what has changed in the business maybe the past few dynamic years that you think makes the algorithm more durable?
Luca Zaramella
Executive VP & COO
So yes, it has been a few years that have been quite eventful, I would say, but we learned a lot of
The Nasdaq-100 is many things. Widely followed index? Check. A roster of famed large- and mega-cap growth companies? Definitely. A history of long-term outperformance over other domestic equity indexes? You bet.
A dividend destination? Not so much. While marquee components such as Apple and Microsoft, among others, have evolved into legitimate dividend growth stories, the largest exchange-traded fund (ETF) tracking the Nasdaq-100 yields a paltry 0.4%. That's not even half of the roughly 1% that investors find in an S&P 500 index fund, and that's saying something, because the S&P 500's current dividend yield is near all-time lows.
Mondelez is the winner among the Nasdaq-100 stocks with dividend yields of at least 3%. Image source: Getty Images.
The quest to find high-dividend stocks in the Nasdaq-100 isn't hard. The pool comprises just eight names, one of which is Mondelez (MDLZ -0.28%). Yes, the tech-heavy Nasdaq-100 has some exposure to consumer staples. A mere 2.1% to be exact, but three of the index's components from that sector, including Mondelez, yield 3% or more.
The Oreo maker isn't just the safest bet of that trio. For long-term investors, it could easily be the best (or one of the top) performers of that group of eight. Multiple reasons support my bullish view of this snack giant, particularly when comparing it with its "peers" in the Nasdaq-100.
Better by comparison and some diversification, too As noted above, Mondelez is one of three consumer staples stocks in the Nasdaq-100 yielding at least 3%. The other two are Kraft Heinz (KHC -0.68%) and PepsiCo (PEP -0.66%). Those are big names, to be sure, and, to its credit, PepsiCo is a Dividend King, or one of the companies with a payout increase streak of at least 50 years.
In the case of Kraft Heinz, that's a stock that flummoxed some of the biggest names in investing, and waiting on its redemption story is turning into a Waiting for Godot moment. Bottom line: Mondelez has beaten Kraft and Pepsi over the past 10 years, and that feat can be repeated.
MDLZ Total Return Level data by YCharts
Owing to the utility sector's status as a high-yield hangout, it's not surprising that three such stocks are among the eight Nasdaq-100 stocks yielding 3% or more. That trio consists of American Electric Power, Exelon, and Xcel Energy. These utility stocks have clear ties to the artificial intelligence (AI) trade, but that may not be all it's cracked up to be.
Investors have avenues for potentially superior AI returns in other sectors, and those AI ties could reduce some of the safety associated with utilities equities. Plus, with the Federal Reserve unlikely to lower interest rates anytime soon, debt-laden utilities may lack catalysts.
With $21 billion in liabilities, Mondelez is no "debt angel," but given that most of that debt doesn't mature over the next five years, a case can be made that the Ritz maker is less rate-sensitive than utilities stocks.
As for the other two Nasdaq-100 names in the 3%-plus yield club, that's Comcast and Paychex. Comcast yields close to 5%, the result of a five-year decline of nearly 54%. Some might argue the stock is inexpensive, but it's challenged by declines in the old-guard broadband business, and its cash-flow and earnings growth outlooks appear light relative to longer-running averages.
Paychex was one of the software names caught up in the "SaaSpocalypse" earlier this year. While the company has done an admirable job of allaying those concerns, as highlighted by a 25.7% gain over the past 90 days, it's still a purveyor of human resources (HR) software in a lethargic job market. I'll take Mondelez's reduced macroeconomic sensitivity.
Sort of a discount One of the rubs with the consumer staples sector is that investors pay up on valuation for the privilege of accessing the group's defensive traits. However, it's mainly Costco Wholesale and Walmart that skew the sector's valuation higher. Yes, Costco has a stellar long-term growth track record, but it trades at 46.7 times earnings. At 28.4 times earnings, Nvidia looks cheap by comparison.
Valuation isn't a concern with Mondelez. In fact, some experts view the stock as deeply discounted, particularly when measured against Costco and Walmart, which are the largest staples names in the Nasdaq-100.
That discount doesn't mean investors are sacrificing upside potential or solid fundamentals. Mondelez is considered one of the best-run food companies, revenue grew at a decent 3.3% compound annual growth rate over the past five years, and earnings could grow at more 9% per year from 2028 through 2030. Sign me up for this star of the Nasdaq-100 3% yield club.
Cocoa has taken one of the wildest round trips in the commodity market over the past two years. The bean that flavors most of the candy in a trick-or-treat bag climbed to a record above $10,000 a metric ton in late 2024, collapsed to a cycle low near $2,850 by April 2026, then rallied back toward $5,700 by the middle of August. Through all of it, the price of a bag of fun-size chocolate on the shelf has done one thing. It went up, and it stayed up.
That disconnect is the story heading into Halloween. Shoppers were told for two years that record cocoa was the reason chocolate kept getting more expensive. The record is long gone, yet the prices are not.
Cocoa’s Round TripCocoa’s spike was real and severe. Poor weather, aging trees, and disease in West Africa, which grows about 70% of the world’s supply, gutted production and sent futures to historic highs. Prices more than quadrupled from their long-run range in under two years.
The correction was just as dramatic. Better harvests flipped the market from years of shortage into surplus, and futures fell by more than half from the peak, bottoming near $2,850 a ton in the spring. The relief did not last. A summer rally driven by El Niño worries and crop-quality concerns pushed cocoa back to roughly $5,700 a ton by mid-August, its fourth straight monthly gain.
Trending
Even after the crash, cocoa sits more than double the roughly $2,400 a ton it averaged as recently as 2022. The bean is cheaper than its record, not cheap.
Why Shelf Prices Don’t Fall Like Commodity PricesRetail prices and commodity prices move on different clocks. When cocoa spiked, manufacturers raised list prices and shrank package sizes to protect margins, and those changes tend to be sticky. Prices climb quickly when costs rise and drift down slowly, if at all, when costs ease.
The numbers show the ratchet at work. The average US chocolate bar ran about $2.43 in the summer of 2021 and about $3.45 by 2025, a 41% jump. Hershey variety packs were up around 22% and Mars raised prices roughly 12% heading into last Halloween. Chocolate candy averaged about $8.02 a pound against $5.77 for non-chocolate options.
Manufacturers are also not sitting on cheap beans. Both major chocolate makers hedged most of their 2026 cocoa months ago, at prices above where the market briefly fell, so the spring dip barely reached their income statements. Shoppers were never going to see an overnight discount, because the companies buying the cocoa did not get one either.
How to Shop the Halloween Basket for LessThe pricing pressure is real, but a Halloween run does not have to sting.
Non-chocolate candy is the clearest saving. Gummies, sour candy, and hard candy cost less per pound than chocolate and have been gaining ground for years, with chocolate’s share of Halloween candy volume slipping from 52% to 44%. Kids reaching for the fruity stuff are doing your budget a favor.
A few other moves add up.
Buy early and spread the cost. Nearly half of Halloween shoppers start in September or earlier, which avoids the late-October scramble and the thin discount racks that come with it. Watch the unit price, not the bag price. Shrinkflation hides increases inside smaller bags, so compare the price per ounce rather than the sticker on the front. Lean on store brands and warehouse clubs for the bulk handout candy, and save the name brands for the bowl by the door. What It Means for Hershey and MondelezThe same volatility that shapes the candy aisle runs straight through the two stocks that dominate it.
The Hershey Company (NYSE:HSY) spent 2025 with its margins squeezed by record cocoa, and adjusted earnings fell hard as a result. The rebound is now underway. After raising guidance alongside its second-quarter report, Hershey expects full-year 2026 adjusted earnings of roughly $8.36 to $8.52 a share, well above the depressed level of a year earlier, with net sales growth of about 4.5% to 5%.
Cocoa makes up close to 20% of the company’s cost of goods, so pricing discipline and productivity, rather than any cocoa windfall, are doing most of the work. Management is leaning into the season with its largest-ever Halloween lineup, betting that loyal shoppers keep reaching for chocolate.
Mondelez International (NASDAQ:MDLZ) tells a more cautious story. The maker of Cadbury and Toblerone carries a wider, less chocolate-heavy portfolio, with cocoa closer to 10% of its cost of goods, yet its price hikes have cost it volume.
For 2026 the company guided to adjusted earnings growth of flat to 5% and organic revenue growth of flat to 2%, which it later nudged up modestly, softer than Hershey and softer than analysts had hoped, as shoppers pushed back on higher shelf prices. Its hedges, like Hershey’s, were locked in above current spot, which capped the benefit from cheaper beans.
The Volatility Isn’t OverNeither the shopper nor the investor should count on clean relief from here. Cocoa remains fickle, in the words of one analyst who covers Hershey, and a market caught between a fresh supply surplus and ongoing weather risk can swing hard in either direction.
The US consumer is stretched and value-focused too, which means every fresh price increase risks pushing more buyers toward cheaper candy or smaller bags. That elasticity is exactly what dented Mondelez’s volumes.
For the shopper, the pricey candy reflects sticky retail pricing and a cocoa market that is off its highs but far from cheap. Shopping the basket smart matters more than waiting for a discount that may never come.
For the investor, the setup is a story about pricing power and hedging rather than a simple bet on falling beans, and it carries the real risk that tired consumers finally stop absorbing the increases.
image credit: Author
Benzinga Disclaimer: This article is from an unpaid external contributor. It does not represent Benzinga’s reporting and has not been edited for content or accuracy.
Jim Cramer called Campbell's snack quarter a nightmare and warned the whole category is broken, but two other packaged food giants reported something very different this week and raised their dividends to prove it.
Campbell’s (NASDAQ:CPB | CPB Price Prediction) declared a new quarterly dividend of $0.25 per share on September 3, 2026, down from the prior rate of $0.39 per share that had been paid across the preceding quarters. For income-focused shareholders, that is the headline. A dividend cut from a shelf-stable food company signals that management would rather retain cash to pay down debt than defend a payout it has grown comfortable with. Campbell’s said the reset is designed to accelerate debt reduction and strengthen the balance sheet.
Jim Cramer put it in less measured terms on his CNBC Mad Dash segment. His verdict on the quarter: “This is a nightmare. … This is a nightmare situation.” That framing is fair for Campbell’s but should not be taken as a verdict on packaged food in general.
Campbell’s: The Numbers Behind Cramer’s Verdict Campbell’s reported fiscal Q4 2026 with adjusted EPS of $0.39 on net sales of $2.14 billion, down 7.9% year over year. The GAAP line was a loss of $0.23 per share after $117 million in trademark impairment charges on Cape Cod and Kettle Brand and $75 million in restructuring. The 8-K filing shows the Snacks segment carried the pain: revenue of $950 million, organic sales down 6%, and segment operating earnings down 34%.
Cramer flagged the breadth of the damage: “The snack business is bad. The soup business is bad. I don’t even know what to say.” He added, “This is a brand that should have just gone away. And yet we all know it. We all know Campbell’s.” On the payout, Cramer confirmed the mechanical read: “Okay, it was a bad quarter and they’re slashing the dividend.” Cramer’s concern extended beyond one name. In the same segment he noted, “Tyson down six. They do cut the guide on this. Collapse in beef keeps coming back to beef.”
The price action confirms it. Campbell’s stock is down 20.6% year to date and 34.4% over one year, closing at $22.13. The Wall Street Journal reported the company is cutting 13% of its salaried workforce as part of the turnaround. Management has also outlined a $500 million enterprise cost savings program through FY2030 and guided FY2027 adjusted EPS to $1.65 to $1.80.
Mondelez: The Snack Story Cramer Did Not Tell Mondelez (NASDAQ:MDLZ) is the global pure-play snack company behind Oreo, Ritz, Milka, Cadbury, and Toblerone. Q2 2026 delivered adjusted EPS of $0.73 vs. $0.68 consensus on revenue of $9.36 billion, up 4.1%. Management raised FY2026 organic revenue growth guidance to at least 2% and hiked the dividend 4%. CEO Dirk Van de Put told investors emerging-market snacking is “a very structural situation. It’s not cyclical.”
Shares are up 14.2% year to date, ahead of the 13.2% gain in the S&P 500 ETF. One caveat: the one-year figure is just 0.2% higher. Cocoa costs remain a swing factor.
J.M. Smucker: The Strongest Legacy Food Name J.M. Smucker (NYSE:SJM) sells into the same American grocery aisles as Campbell’s, with Folgers, Dunkin’, Café Bustelo, Jif, Uncrustables, Smucker’s, Milk-Bone, and Hostess. Q1 FY2027 adjusted EPS was $3.24, compared with a $2.22 consensus, on revenue of $2.22 billion, aided by roughly $115 million in tariff refunds. Management raised FY2027 adjusted EPS guidance to $10.50 to $11.00 and lifted the quarterly dividend to $1.12.
The stock is up 31.4% year to date and 14.7% over one year, and it advanced 9.4% in the past month. The soft spot inside the portfolio is Sweet Baked Snacks (Hostess), where revenue fell 7% to $236.5 million, so the snack-weakness thesis has a landing spot even at a winning name.
Packaged Food Is Splitting, Not Sinking Organic sales strip out the effects of acquisitions, divestitures and currency, so the number reflects volume and price on the products a company actually still sells. On that basis, Campbell’s Snacks fell 6% while Mondelez raised its full-year organic revenue outlook. The category is being repriced downward for companies losing shelf momentum, and rewarded for those with pricing power, innovation, and coffee or global exposure. Uncrustables at Smucker and Oreo internationally do not care what happened to Kettle Brand.
For an income-focused investor who already owns a legacy shelf-brand name, the Campbell’s dividend reset is the signal that matters. Management confidence is now aimed at the balance sheet, not the payout. Campbell’s telegraphed most of the warning signs before the cut arrived (the same red flags we walked through in a free dividend trap guide). The category still has payers doing the opposite: Mondelez and Smucker each raised its dividend. The lesson from this week is to examine which company you hold, not to write off the entire category.
Contact [email protected] for any questions or corrections.
New CLIF High Protein Bar offers 20 grams of protein and quality ingredients including rolled oats, creamy nut butters and nuts in two delicious flavors
, /PRNewswire/ -- The CLIF brand today introduced its first-ever CLIF High Protein Bar, combining trusted CLIF energy with 20 grams of protein for a delicious new bar innovation. Crafted with quality ingredients like rolled oats, creamy nut butters, almonds, soy and whey protein, CLIF High Protein Bars help fuel your every day and raise your bar.
Crafted with quality ingredients like rolled oats, creamy nut butters, almonds, soy and whey protein, CLIF High Protein Bars help fuel your every day and raise your bar. Developed in response to consumer demand for high protein bar options, CLIF High Protein Bars contain 20 grams of protein along with carbohydrates from ingredients like rolled oats to help provide everyday energy for activities throughout the day, delivering two important benefits people want in one delicious bar.
"Consumers are looking for protein-rich snacks to help fuel their busy lifestyles, and the CLIF brand saw the opportunity to build on our energy bar portfolio with an innovation that offers a unique duality: 20 grams of protein with everyday energy," said Joe Pellingra, Senior Director, CLIF and LUNA brands at Mondelēz International. "Not only is this new bar innovation created from consumer research insights, but it was tested with consumers to ensure we achieved delicious flavor profiles."
Available in two indulgent flavors, Peanut Butter Chocolate Chip and Cinnamon French Toast, CLIF High Protein Bars are crafted in flavor profiles that include real food ingredients like rolled oats, nut butters, nuts and chocolate. The Peanut Butter Chocolate Chip flavor is a delicious sweet and savory high protein bar to enjoy any time of day. The Cinnamon French Toast flavor is inspired by a classic breakfast dish and features almonds and almond butter for anytime snacking. In addition to 20 grams of protein, each bar contains 5 grams of fiber and has no artificial sweeteners for a great-tasting bar option to help you take on whatever the day brings.
CLIF High Protein Bars in Peanut Butter Chocolate Chip and Cinnamon French Toast flavors will be available at retailers nationwide beginning in August 2026 with a suggested retail price of $7.49 per 4-count box.
For more information and product availability, visit clifbar.com/clif or follow the CLIF brand on Instagram, TikTok, and Facebook.
About the CLIF brand:
For more than 30 years, the CLIF brand has crafted delicious food with organic ingredients under its CLIF BAR, Zbar, and LUNA brands. In 2022, the CLIF brand became part of the Mondelēz International, Inc. (Nasdaq: MDLZ), portfolio of brands empowering people to snack right in over 150 countries around the world. With 2024 net revenue of approximately $36.4 billion, Mondelēz is leading the future of snacking with other iconic global and local brands such as OREO, RITZ, belVita, LU, and TATE'S BAKE SHOP biscuits and baked snacks, as well as CADBURY DAIRY MILK, MILKA, and TOBLERONE chocolate. Mondelēz International is a proud member of the Standard and Poor's 500, Nasdaq 100, and Dow Jones Sustainability Index. For more information about the CLIF brand, please visit CLIF | Mondelēz International, Inc. (mondelezinternational.com).
CHICAGO, Aug. 25, 2026 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today announced that Luca Zaramella, Chief Operating Officer and Amit Banati, Chief Financial Officer, will participate in a fireside chat session at the Barclays Global Consumer Staples Conference on Wednesday, September 9, 2026, at 8:15 am ET. A live audio webcast of the presentation will be available at www.mondelezinternational.com/investors. An archive of the webcast will be available on the company's website.
About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2025 net revenues of approximately $38.5 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit www.mondelezinternational.com or follow the company on X at x.com/MDLZ.
Mondelez International remains a Buy, supported by resilient performance, global scale, and an attractive valuation with a solid margin of safety. MDLZ continues to outperform in core snacks, maintains strong emerging market momentum, and is on track to become the #1 global chocolate manufacturer. Guidance was raised to at least 2% organic net revenue growth, with long-term targets of 3–5% organic growth and high single-digit Adj. EPS growth.
It has been about a month since the last earnings report for Mondelez (MDLZ - Free Report) . Shares have lost about 3.1% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Mondelez due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent drivers for Mondelez International, Inc. before we dive into how investors and analysts have reacted as of late.
Mondelez Q2 Earnings Beat Estimates, 2026 Organic Sales Outlook UpMondelez International posted second-quarter 2026 results. Adjusted earnings were 73 cents per share, which decreased 2.7% on a constant-currency (cc) basis. The decline was caused by weaker operating performance and higher interest and other expenses, partially offset by lower income taxes and favorable currency movements. The metric beat the Zacks Consensus Estimate of 67 cents per share.
Net revenues rose 4.1% year over year to $9,355 million, outpacing the Zacks Consensus Estimate of $9,227 million. This growth was driven by 2.2% organic net revenue growth and favorable currency movements, partly offset by the impact of a prior-year divestiture. Organic net revenues rose 2.2% year over year in the second quarter, primarily driven by pricing and volume/mix, which contributed growth of 1.5% and 0.7%, respectively.
Revenues from emerging markets increased 7.4% year over year to $3,909 million, with organic growth of 4.4%. Growth was broad-based across all snacking categories except chocolate, where gains were primarily pricing-led and partially affected by purchase price accounting. Key growth markets included India, continued strength in Brazil and robust performances in Mexico and Southeast Asia.
Revenues from developed markets increased 1.9% year over year to $5,446 million, with organic growth of 0.7%. This increase reflected gradual improvement across key regions, with North America driving revenue, volume, profit and market share growth, while the European business continued to show signs of recovery.
Region-wise, revenues jumped 15.1% in Latin America, 8.2% in Asia, the Middle East and Africa (“AMEA”), 3% in North America and fell 1% in Europe. On an organic basis, revenues rose 8.4% in Latin America, 7.1% in AMEA, 3.4% in North America and fell 3.5% in Europe.
Adjusted gross profit increased $92 million at constant currency, while the adjusted gross profit margin improved 20 basis points to 34%, benefiting from higher net pricing and lower manufacturing costs driven by productivity, partially offset by elevated raw material costs.
Adjusted operating income declined $78 million at constant currency, while the adjusted operating margin contracted 120 basis points to 13.1%, reflecting higher raw material, selling, general and administrative, and advertising and consumer promotion costs, partly offset by higher net pricing and reduced manufacturing costs driven by productivity.
What to Expect From MDLZ in 2026?For 2026, the company now expects at least 2% organic net revenue growth, up from its previous guidance of flat to 2% growth. It continues to project adjusted EPS growth ranging from flat to 5% on a constant-currency basis and expects approximately $3 billion in free cash flow.
How Have Estimates Been Moving Since Then?In the past month, investors have witnessed a downward trend in estimates review.
The consensus estimate has shifted -8.47% due to these changes.
VGM ScoresCurrently, Mondelez has a average Growth Score of C, a score with the same score on the momentum front. Charting a somewhat similar path, the stock has a score of D on the value side, putting it in the bottom 40% for value investors.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Mondelez has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry PlayerMondelez is part of the Zacks Food - Miscellaneous industry. Over the past month, Lamb Weston (LW - Free Report) , a stock from the same industry, has gained 2.4%. The company reported its results for the quarter ended May 2026 more than a month ago.
Lamb Weston reported revenues of $1.77 billion in the last reported quarter, representing a year-over-year change of +5.6%. EPS of $0.87 for the same period compares with $0.87 a year ago.
Lamb Weston is expected to post earnings of $0.58 per share for the current quarter, representing a year-over-year change of -21.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -1.4%.
Lamb Weston has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of B.
Mondelēz International Continues to Expand Sports Footprint with Sponsorships Across Five Powerhouse College Athletics Programs PR Newswire
EAST HANOVER, N.J., Aug. 27, 2026
Partnerships to Celebrate Campus Communities alongside Marquee Student-Athletes
, /PRNewswire/ -- Today, Mondelēz International announced its sponsorship across five premier collegiate athletic programs. The maker of beloved snacks like RITZ Crackers, OREO Cookies and CHIPS AHOY! Cookies will serve as a Proud Partner of University of Florida, University of Michigan and University of Southern California, and as a Proud Sponsor of the University of Arkansas and University of Texas at Austin Athletics.
This collegiate expansion connects the snacking giant's iconic brands with millions of passionate fans, student populations and multicultural households nationwide. The partnerships will also feature star student athletes including:
University of Southern California: JuJu WatkinsUniversity of Michigan: Trey McKenney and Olivia OlsonUniversity of Texas at Austin: Madison BookerUniversity of Arkansas: Jordan Smith Jr."We are thrilled to kick off this massive collegiate campaign by partnering with these powerhouse programs," said Nick Rogers, Director of Portfolio Marketing & Sponsorships at Mondelēz International. "Mondelēz products have been at the heart of gameday traditions for decades. By bringing our broader portfolio, including fan favorites like OREO cookies, SOUR PATCH KIDS candies, CHIPS AHOY! cookies, CLIF BAR and bringing back RITZ football-shaped crackers to premier athletic programs, we continue to cement Mondelēz as the ultimate snack roster for college sports fans nationwide."
Mondelēz has continued to bolster its presence in the world of sports. Today's announcement follows its recent designation as the "Official Snacking Sponsor" of the Kansas City Chiefs, along with previous work supporting professional football's Big Game, Inter Miami CF, and March Madness initiatives to authentically connect with sports fandoms.
"The best college athletics partnerships fit naturally into how fans already experience game day," said Shawn Hegan, Executive Vice President of Global Partnerships at Learfield. "Bringing together world-class global brands like Mondelēz International's beloved snacks with schools and student-athletes creates opportunities that make sense for everyone involved and gives fans another way to connect with the teams they support."
Extending the celebration from the stadium to local communities, Mondelēz is bringing high-impact game-day displays to key regional retailers, including H-E-B, Publix, Walmart, Meijer, Hy-Vee and Albertsons. Every display pairs a core snack lineup of OREO Cookies, RITZ Crackers, CHIPS AHOY Cookies! and RITZ Bits.
The agreement was facilitated by Learfield, the leading media and technology company powering college athletics, and incorporates year-round fan activations and in-venue branding elements across multiple sports, including football, men's and women's basketball, baseball, softball, hockey and more.
For more information, visit Mondelēz International at MondelēzInternational.com and follow the brand on X @MDLZ, Instagram @Mondelēz_International, TikTok @Mondelēz_International or on Facebook @MondelēzInternational.
About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2025 net revenues of approximately $38.5 billion, MDLZ is leading the future of snacking with iconic global and local brands such as OREO, RITZ, LU, CLIF BAR and TATE'S BAKE SHOP biscuits and baked snacks, as well as CADBURY DAIRY MILK, MILKA and TOBERLONE chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit www.Mondelēzinternational.com or follow the company on X atx.com/MDLZ.
About Learfield
Learfield is the leading media and technology company powering college athletics. Through its digital and physical platforms, Learfield owns and leverages a deep data set and relationships in the industry to drive revenue, growth, brand awareness, and fan engagement for brands, sports, and entertainment properties. With ties to over 1,200 collegiate institutions and over 12,000 local and national brand partners, Learfield's presence in college sports and live events delivers influence and maximizes reach to target audiences. With solutions for a 365-day, 24/7 fan experience, Learfield enables schools and brands to connect with fans through licensed merchandise, game ticketing, donor identification for athletic programs, exclusive custom content, innovative marketing initiatives, NIL solutions, and advanced digital platforms. Since 2008, it has served as title sponsor for the acclaimed Learfield Directors' Cup, supporting athletic departments across all divisions.
Media Contacts
Mondelez News Team
[email protected]
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Key Takeaways Mondelez's biscuits and baked snacks posted 2.5% organic growth in Q2, with volume/mix up 1.3 points. Oreo, Ritz and other brands grew, while U.S. biscuit share gains improved Mondelez's overall share trend. Europe stayed solid, and Emerging Markets accelerated, while North America was flat with soft frequency. Mondelez International, Inc. (MDLZ - Free Report) is seeing solid momentum in biscuits and baked snacks, with broad-based brand growth, positive volume/mix and improving share trends providing a favorable backdrop. The category remains an important part of the company’s snacking portfolio, while innovation, pack formats, distribution and new consumption occasions offer additional avenues to sustain growth.
Biscuits and baked snacks delivered 2.5% organic net revenue growth in the second quarter of 2026, with volume/mix increasing 1.3 percentage points. Oreo, Ritz, Chips Ahoy!, Give & Go, LU, Grenade, Perfect, Zbar and Builders all posted growth. U.S. biscuit share gains were also a key contributor to the sequential improvement in Mondelez’s overall share performance from the first quarter.
Regional trends were encouraging. In North America, the biscuit category remained flat, while Mondelez gained share and maintained stable penetration. Frequency, however, remained soft. Europe delivered solid biscuit growth, with Mondelez holding share. Emerging Markets also showed signs of accelerating biscuit growth as snacking spending continued to expand.
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Mondelez is also working to broaden consumption occasions and product formats. Ritz Minis and Ritz Drizzled supported on-the-go occasions and helped Ritz deliver a 0.2 percentage-point year-to-date value share gain. In India, the Biscoff biscuit launch contributed significantly to growth and was ahead of internal projections. The company is also expanding single-serve, variety and club packs, particularly in North America.
Mondelez has several levers to build on the 2.5% growth in biscuits and baked snacks, including broad brand gains, positive volume/mix, improving share trends and continued innovation. Growth in Europe and signs of acceleration in Emerging Markets add support, while the flat North American biscuit category and soft purchase frequency remain key watchpoints.
Shares of this Zacks Rank #3 (Hold) company have rallied 19.7% year to date compared with the industry’s growth of 6.5%.
Better-Ranked Stocks to ConsiderDarling Ingredients Inc. (DAR - Free Report) , a global developer and producer of sustainable natural ingredients derived from edible and inedible bio-nutrients, currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here
The Zacks Consensus Estimate for Darling’s current fiscal-year sales calls for 12.8% growth from the prior-year levels. The consensus estimate for current fiscal-year earnings per share (EPS) stands at $6.98, which implies substantial growth from the year-ago period. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average.
The Vita Coco Company, Inc. (COCO - Free Report) , a leading beverage company that develops, markets and distributes coconut water and other plant-based beverages, currently sports a Zacks Rank #1. COCO delivered a trailing four-quarter earnings surprise of 21.9%, on average.
The Zacks Consensus Estimate for The Vita Coco Company’s current fiscal-year sales and earnings calls for growth of 31.6% and 64.7%, respectively, from the year-ago figures.
The Chefs' Warehouse, Inc. (CHEF - Free Report) is a distributor of specialty food and center-of-the-plate products across the United States, Canada and the Middle East. CHEF currently sports a Zacks Rank #1.
The Zacks Consensus Estimate for The Chefs' Warehouse’s current fiscal-year sales and earnings implies growth of 10.6% and 33.7%, respectively, from the year-ago figures. CHEF delivered a trailing four-quarter earnings surprise of 30.4%, on average.
Dirk Van De Put, Chief Executive Officer of Mondelez International (MDLZ +1.52%), sold 133,580 shares of Class A Common Stock on Aug. 19, 2026, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$8.55 millionShares sold (directly held)133,580Post-transaction shares (directly held)1.326 millionPost-transaction value~$85 millionTransaction value based on SEC Form 4 weighted average sale price ($64.08); post-transaction value based on Aug. 19, 2026 market close ($64.16).
Key questionsWhat was the structural nature of this transaction?
The disposal was executed as an exercise-and-sell transaction in which Dirk Van De Put exercised 133,580 options with an exercise price of $42.11 and sold the resulting shares on the same day.How does this impact the total direct equity position of the CEO?
Following the sale, the executive retains direct ownership of 1,326,488 shares of Class A Common Stock, maintaining a long-term interest with a market value exceeding approximately $85 million as of the Aug. 19, 2026, close.Under what conditions was the sale executed?
This sale was conducted under a Rule 10b5-1 trading plan. This mechanism allows corporate insiders to establish a predetermined schedule for selling stock to satisfy liquidity needs while complying with insider trading regulations.What is the stock performance context relative to the transaction?
The sale occurred at a weighted-average price of $64.08 per share, while the stock returned 6% over the 12 months (including dividends) ending on the transaction date of Aug. 19, 2026.Company OverviewMetricValueShare Price (as of market close 2026-08-20)$64.14Market Capitalization$82.2 billionRevenue (TTM)$39.7 billionNet Income (TTM)$3.5 billionCompany SnapshotMondelez International operates a diversified global snacking portfolio encompassing biscuits, cookies, crackers, savory snacks, chocolates, chewing gums, and candies, generating substantial revenue across multiple geographic markets, including North America, Latin America, Asia, the Middle East, Africa, and Europe.The company generates revenue by producing, promoting, and distributing branded snack and confectionery products to retailers, foodservice operators, and consumers, leveraging its extensive manufacturing and distribution infrastructure across continents.Mondelez serves a broad consumer base spanning retail channels, foodservice establishments, and direct-to-consumer segments, with particular strength in emerging markets and developed economies where snacking consumption remains resilient.
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Mondelez International is a leading multinational snacking company with a market capitalization of $82 billion and TTM revenues of $39.7 billion, reflecting its scale as a dominant player in the global confectionery and snacking sector.
The company's competitive positioning is reinforced by its diversified product portfolio, established brand recognition, and extensive distribution network spanning six continents. With 91,000 employees and a net profit margin of approximately 8.9% (TTM), Mondelez demonstrates operational efficiency and consistent profitability in the consumer defensive sector.
What this transaction means for investorsThis sale shouldn't concern investors. It represented about 10% of the CEO's holdings in the company's stock. Moreover, it was completed under a Rule 10b5-1 plan, which is widely used to complete transactions without appearing to act on material non-public information.
Mondelez continues to perform in line with its historical pattern. TTM revenue grew 6.9% year over year -- a slight improvement over the 5.8% revenue growth in 2025 and 1.2% increased in 2024.
Importantly, the company's operating margin improved to 21% in the most recent quarter, after falling into the single digits in previous quarters. The previous dip largely reflects higher input costs driven by elevated cocoa prices, making candy more expensive to manufacture.
If cocoa prices continue to decline and normalize at a lower level, this could sustain higher margins and drive strong earnings performance in the coming years, potentially sending the stock up.
John Ballard has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
Key Takeaways Mondelez posted 2.2% organic growth in Q2 as pricing and volume/mix both contributed. North America grew 3.4% organically, while Emerging Markets delivered 4.4% growth. Europe, chocolate weakness and a 19.25X forward earnings multiple keep execution risks elevated. Mondelez International, Inc. (MDLZ - Free Report) is showing better operating momentum as Emerging Markets remain firm and North America regains traction. That broadening growth base strengthens the case for improved sales performance through the rest of 2026.
The investment case is less clear at the current valuation. Europe and chocolate remain weak, costs are still pressuring profitability and earnings growth is modest, leaving investors to weigh better top-line momentum against limited room for execution misses.
MDLZ Growth Improves Across Key MarketsSecond-quarter 2026 organic net revenues increased 2.2%, supported by 1.5 percentage points of pricing and 0.7 points of volume/mix. Positive contributions from both components suggest the quarter was not dependent on pricing alone.
Emerging Markets delivered 4.4% organic growth, with volume/mix adding 1.6 points. North America improved to 3.4% organic growth, including 1.2 points of volume/mix, giving MDLZ broader geographic support beyond its faster-growing emerging-market businesses. Management raised its 2026 organic net revenue growth outlook to at least 2%.
Image Source: Zacks Investment Research
Mondelez Still Faces Europe and Chocolate WeaknessEurope remains the clearest regional pressure point. Organic revenues declined 3.5% in the second quarter, while volume/mix fell 2.1 points. Management expects volumes to improve in the second half, but that recovery has yet to establish a consistent track record.
Chocolate also remains soft. Second-quarter chocolate volume/mix declined 1.6 points and organic revenue slipped 0.1%. Because chocolate represented 33% of Mondelez’s 2025 revenues, continued weakness in the category could remain a meaningful drag on the broader demand recovery.
MDLZ Margin Recovery Remains the Missing PieceImproving sales have not yet translated into stronger operating earnings. Adjusted operating margin fell 120 basis points to 13.1% in the second quarter, while adjusted operating income declined 6.1% at constant currency even as adjusted gross profit increased 3%.
Adjusted earnings of 73 cents per share declined 2.7% at constant currency. Higher raw material costs, advertising and consumer promotion spending, other selling, general and administrative expenses, cocoa cost phasing and higher input costs tied to the Middle East conflict absorbed much of the benefit from pricing and productivity. Full-year adjusted EPS growth guidance remains flat to 5% at constant currency.
Mondelez Valuation Leaves Less Room for ErrorMDLZ trades at 19.25X forward 12-month earnings, above 15.04X for its Zacks sub-industry and 16.98X for the Zacks Consumer Staples sector. The multiple is below its five-year median of 20.11X, but the premium to key benchmarks raises the execution bar.
The Hershey Company (HSY - Free Report) , which describes itself as No. 1 in U.S. confection and No. 2 in U.S. snacking, is a relevant comparison for investors assessing chocolate and snacking exposure. General Mills, Inc. (GIS - Free Report) , with more than 100 consumer brands and a portfolio that includes snacks, offers a broader packaged-food reference point.
Image Source: Zacks Investment Research
MDLZ Signals Favor Patience Over Chasing GrowthThe bottom line is that MDLZ’s growth picture is improving, but the mix of European and chocolate weakness, margin pressure and a premium valuation makes patience more reasonable than chasing the recovery before earnings conversion becomes clearer.
The stock currently carries a Zacks Rank #3 (Hold). It also has a VGM Score of D, a Value Score of D, a Momentum Score of F and a Growth Score of C. Zacks Style Scores use A and B as the stronger grades, so the current mix points to weaker value and momentum characteristics, while growth sits closer to the middle of the scale. That combination supports a measured stance rather than an aggressive entry. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Key Takeaways Mondelez Q2 revenues rose 4.1% to $9.36B, while organic sales increased 2.2%. MDLZ raised its 2026 organic net revenue growth outlook to at least 2% from flat to 2%. Mondelez's adjusted operating margin fell 120 basis points to 13.1% as costs pressured profits. Mondelez International, Inc. (MDLZ - Free Report) topped second-quarter sales and earnings expectations and raised its 2026 organic net revenue growth outlook. The event strengthens the revenue-growth case as the company enters the second half of the year.
The key question is how much of that better top-line momentum can reach earnings. Operating profit remained under pressure as commodity costs and brand investment absorbed gains from pricing, volume/mix and productivity.
MDLZ Q2 Results Show Better Top-Line MomentumSecond-quarter net revenues increased 4.1% year over year to $9,355 million, above the Zacks Consensus Estimate of $9,227 million. Adjusted earnings of 73 cents per share also beat the consensus estimate of 67 cents, even though the metric declined 2.7% at constant currency.
Organic net revenues rose 2.2%, with pricing contributing 1.5 percentage points and volume/mix adding 0.7 points. Positive contributions from both show that the quarter was not dependent on pricing alone.
Image Source: Zacks Investment Research
Mondelez Raises the 2026 Organic Growth BarManagement now expects at least 2% organic net revenue growth in 2026, up from its previous range of flat to 2%. The revision followed 2.2% organic growth in the second quarter and reflects the strength of year-to-date performance.
The higher floor reinforces confidence in the second-half sales trajectory. Mondel??z continues to emphasize consumer propositions, new occasions, distribution and innovation while pursuing productivity and cost savings.
MDLZ Emerging Markets and North America LeadRegional results show the breadth behind the improved outlook. Asia, Middle East and Africa delivered 7.1% organic growth, Latin America posted 8.4% and North America increased 3.4%. North American volume/mix rose 1.2 percentage points, while Asia, Middle East and Africa posted a 5.2-point gain.
Distribution and innovation are adding support. Mondel??z added more than 100,000 direct outlets in India during the first half of 2026, while its Brazilian portfolio reached about 1 million stores. North America also benefited from disciplined promotions and expansion across online, convenience and value channels.
Image Source: Zacks Investment Research
Mondelez Margins Keep the Earnings Debate OpenAdjusted operating income declined 6.1% at constant currency in the second quarter, while adjusted operating margin contracted 120 basis points to 13.1%. Higher raw-material costs, selling, general and administrative expenses and advertising and consumer promotion spending absorbed part of the gains from pricing and productivity.
Management kept 2026 adjusted EPS growth guidance at flat to 5% on a constant-currency basis. Cocoa cost phasing, other input costs tied to the Middle East conflict and continued reinvestment remain constraints on near-term earnings conversion.
The Hershey Company (HSY - Free Report) , the No. 1 U.S. confection company and No. 2 in U.S. snacking, is a relevant comparison for the chocolate and snacking landscape. General Mills, Inc. (GIS - Free Report) offers another packaged-food reference point, balancing brand investment with efficiency programs as it manages higher input costs.
MDLZ Signals Support a Measured Read on the Q2 BeatThe bottom line is that the Q2 beat and higher organic growth outlook improve the sales narrative, but margins remain the more demanding test. Revenue growth will matter more if a larger share begins to translate into operating profit.
The stock currently carries a Zacks Rank #3 (Hold). Its Growth Score of C reflects a middling growth profile, while the VGM Score of D, Value Score of D and Momentum Score of F are less favorable across combined style, valuation and price-trend characteristics. That mix supports a measured read rather than treating one quarter as decisive. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
Key Takeaways Mondelez raises its 2026 organic net revenue growth outlook to at least 2% from flat to 2%. Q2 organic revenues rose 2.2%, with volume/mix adding 0.7 points and pricing contributing 1.5 points. Emerging Markets and North America stayed strong, while Europe is expected to improve in the second half. Mondelez International, Inc. (MDLZ - Free Report) closed the first half of 2026 with organic revenue growth supported by improving volume/mix and continued pricing. Growth in the second quarter was broad across three of its four regions, while Europe showed signs of improvement. This momentum prompted the company to raise its full-year organic net revenue growth outlook.
Organic net revenues increased 2.2% in the second quarter, with volume/mix contributing 0.7 percentage points and pricing adding 1.5 points. Excluding the impact of package downsizing, underlying volume/mix was about 1.2 points. For the first six months of 2026, organic net revenues rose 2.6%, including 0.1 point from volume/mix and 2.5 points from pricing.
Emerging Markets grew 4.4% organically in the second quarter, supported by 1.6 points of volume/mix. North America advanced 3.4%, with volume/mix up 1.2 points. AMEA delivered 7.1% growth, including a 5.2-point volume/mix contribution, while Latin America increased 8.4%. The Latin America result included an approximately 1.5-point benefit from higher trade inventory ahead of the SAP S4 implementation in the mid-third quarter.
Europe remained softer, with organic revenues down 3.5% and volume/mix declining 2.1 points, largely reflecting lower chocolate volumes tied to unusually hot weather. The Zacks Rank #3 (Hold) company expects European volumes to improve through the second half.
Image Source: Zacks Investment Research
Mondelez now expects at least 2% organic net revenue growth for 2026 compared with its previous outlook of flat to a 2% increase. Continued positive volume/mix, strength across Emerging Markets and North America and further improvement in Europe are the key elements supporting that higher full-year growth expectation.
Shares of MDLZ have rallied 15.5% year to date, outpacing the industry’s growth of 5%.
Better-Ranked Stocks to ConsiderDarling Ingredients Inc. (DAR - Free Report) , a global developer and producer of sustainable natural ingredients derived from edible and inedible bio-nutrients, currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here
The Zacks Consensus Estimate for Darling’s current fiscal-year sales calls for 12.8% growth from the prior-year levels. The consensus estimate for current fiscal-year earnings per share (EPS) stands at $6.98, which implies substantial growth from the year-ago period. DAR delivered a trailing four-quarter earnings surprise of 38.9%, on average.
The Vita Coco Company, Inc. (COCO - Free Report) , a leading beverage company that develops, markets and distributes coconut water and other plant-based beverages, currently sports a Zacks Rank #1. COCO delivered a trailing four-quarter earnings surprise of 21.9%, on average.
The Zacks Consensus Estimate for The Vita Coco Company’s current fiscal-year sales and earnings calls for growth of 31.6% and 64.7%, respectively, from the year-ago figures.
US Foods Holding Corp. (USFD - Free Report) engages in the marketing, sale and distribution of fresh, frozen and dry food and non-food products to foodservice customers in the United States. USFD currently carries a Zacks Rank #2 (Buy). US Foods Holding delivered a trailing four-quarter earnings surprise of 1.5%, on average.
The Zacks Consensus Estimate for US Foods Holding’s current fiscal-year sales and earnings implies growth of 5.3% and 16.3%, respectively, from the year-ago figures.
Associated Banc Corp cut its position in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 24.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 316,811 shares of the company’s stock after selling 105,180 shares during the quarter. Associated Banc Corp’s holdings in Mondelez International were worth $18,324,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in MDLZ. Whipplewood Advisors LLC raised its holdings in shares of Mondelez International by 35.5% during the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock worth $37,000 after buying an additional 169 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Mondelez International by 3.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock valued at $292,000 after buying an additional 173 shares in the last quarter. Granite Investment Partners LLC boosted its stake in Mondelez International by 0.6% in the first quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock valued at $1,688,000 after buying an additional 177 shares in the last quarter. Pine Valley Investments Ltd Liability Co grew its position in Mondelez International by 2.1% in the first quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company’s stock valued at $515,000 after acquiring an additional 179 shares during the last quarter. Finally, Columbia Asset Management grew its position in Mondelez International by 1.3% in the fourth quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock valued at $746,000 after acquiring an additional 180 shares during the last quarter. Institutional investors own 78.32% of the company’s stock.
Analyst Upgrades and Downgrades A number of equities analysts recently issued reports on MDLZ shares. Weiss Ratings upgraded shares of Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. BNP Paribas Exane raised their target price on shares of Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. TD Cowen boosted their target price on shares of Mondelez International from $67.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. upped their price target on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Barclays increased their price target on Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Mondelez International currently has a consensus rating of “Moderate Buy” and an average price target of $67.30.
Get Our Latest Analysis on Mondelez International
Mondelez International Stock Up 0.1% Shares of NASDAQ MDLZ opened at $63.61 on Friday. The company has a 50 day simple moving average of $61.17 and a 200 day simple moving average of $59.92. The firm has a market cap of $81.19 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 2.59 and a beta of 0.38. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The company had revenue of $9.36 billion for the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter in the previous year, the firm posted $0.73 earnings per share. Mondelez International’s revenue for the quarter was up 4.1% on a year-over-year basis. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, research analysts forecast that Mondelez International, Inc. will post 3.05 EPS for the current year.
Mondelez International Dividend Announcement The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Tuesday, June 30th. Mondelez International’s dividend payout ratio (DPR) is presently 73.53%.
Mondelez International Profile (Free Report)
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
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Beese Fulmer Investment Management Inc. reduced its position in Mondelez International, Inc. (NASDAQ: MDLZ) by 51.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,463 shares of the company's stock after selling 8,858 shares during the quarter. Beese Fulmer Investment Management
Banco Santander S.A. lowered its position in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 2.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 616,540 shares of the company’s stock after selling 13,798 shares during the period. Banco Santander S.A.’s holdings in Mondelez International were worth $35,661,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC lifted its stake in shares of Mondelez International by 35.5% in the 1st quarter. Whipplewood Advisors LLC now owns 645 shares of the company’s stock valued at $37,000 after purchasing an additional 169 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in shares of Mondelez International by 3.5% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 5,073 shares of the company’s stock worth $292,000 after acquiring an additional 173 shares during the period. Granite Investment Partners LLC grew its holdings in Mondelez International by 0.6% during the first quarter. Granite Investment Partners LLC now owns 29,284 shares of the company’s stock valued at $1,688,000 after purchasing an additional 177 shares during the period. Pine Valley Investments Ltd Liability Co increased its stake in Mondelez International by 2.1% in the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 8,900 shares of the company’s stock worth $515,000 after buying an additional 179 shares in the last quarter. Finally, Columbia Asset Management raised its stake in Mondelez International by 1.3% during the 4th quarter. Columbia Asset Management now owns 13,854 shares of the company’s stock valued at $746,000 after purchasing an additional 180 shares during the period. 78.32% of the stock is owned by hedge funds and other institutional investors.
Mondelez International Stock Up 0.1% MDLZ opened at $63.61 on Friday. The company has a market cap of $81.19 billion, a PE ratio of 23.39, a P/E/G ratio of 2.58 and a beta of 0.38. The business has a 50 day moving average price of $61.17 and a two-hundred day moving average price of $59.92. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65. The company has a quick ratio of 0.40, a current ratio of 0.60 and a debt-to-equity ratio of 0.62.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.Mondelez International’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, research analysts anticipate that Mondelez International, Inc. will post 3.05 EPS for the current year.
Mondelez International Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.1%. Mondelez International’s dividend payout ratio is currently 73.53%.
Analysts Set New Price Targets Several research firms have recently issued reports on MDLZ. Weiss Ratings raised Mondelez International from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Morgan Stanley reiterated an “overweight” rating on shares of Mondelez International in a research note on Friday, May 29th. BNP Paribas Exane lifted their target price on Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Barclays raised their target price on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.30.
Read Our Latest Report on Mondelez International
Mondelez International Company Profile (Free Report)
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
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Axxcess Wealth Management LLC purchased a new position in Mondelez International, Inc. (NASDAQ: MDLZ) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 43,332 shares of the company's stock, valued at approximately $2,506,000. Several other institutional investors and hedge funds
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"For decades, our consumers have supported our wildest, most creative flavor endeavors, and now we want to elevate that relationship from a simple product drop into a dynamic, two-way conversation," said Matt Foley, Vice President, OREO. "By dropping three incredibly distinct flavors at once, Banana Pudding, Deep Fried and Chicken & Waffles, we are giving our community true agency to help decide the future of our product lineup. We know our fans are incredibly passionate about their favorite flavors, and we can't wait to see which of these cookies they choose to bring back in 2027."
Where to Find the New 2026 OREO Cookie Flavors Nationwide
Starting on Aug. 17, all three packs will be available for presale at OREO.com/UnwrapTheCollab and will also be fully shoppable on TikTok Shop before hitting retailers. Fans can shop for packs on SnackWorks' TikTok Shop storefront in limited quantities, while supplies last. The cookies will officially roll out to grocery and retail stores nationwide across the U.S. beginning on Aug. 24 for a limited time, while supplies last.
From sweet to savory, meet the ultimate cookie contenders:
OREO Banana Pudding Cookies feature layers of sweet banana and vanilla pudding in a deliciously delectable dual-layered creme, sandwiched between vanilla wafer cookies. OREO Deep Fried Cookies have that iconic golden-fried, doughy flavor baked right into the cookie itself, with fried dough-flavored cookies wrapping layers of dark chocolate and fried dough flavored creme. OREO Chicken & Waffles Cookies bring a first-of-its-kind innovation to the cookie aisle, featuring a signature waffle texture embossment and dual-layered creme, both infused with sweet and savory flavor notes to give that signature fried chicken and maple syrup flavor in each and every bite. "Our 2026 Mondelez State of Snacking report proved that 'delicious,' 'fun' and 'tasty' are some of the leading benefits in social conversations. To meet that demand, we knew we had to bring our next bold flavor innovation to life through playful, yet unexpected flavor combinations," explained Rohit Sakhamuri, Senior Brand Manager, OREO Innovation. "At the OREO brand, delivering on complex flavors requires a rigorous, insights-driven R&D process. We tasked our team with simultaneously developing three unique flavors based on today's evolving snacking trends. Through over a year of meticulous research, we successfully transformed cultural fascination into a delicious reality, achieving the sensory balance our fans expect."
How to Vote and Win a Year of Free OREO Cookies
Have a hot take on which flavor should return? To cast your vote and guarantee your favorite flavor makes a comeback in 2027, simply scan the QR code on any of the three limited-edition packs or visit OREO.com/twist-lick-vote.
The voting window will remain open from Aug. 17-Oct. 12. Presale pack and TikTok Shop recipients will receive exclusive early access to taste each flavor. As a sweet reward, every eligible vote submitted automatically enters you into a sweepstakes for a chance to win a year's supply of original OREO cookies*. The winning flavor will be crowned on Oct. 13, joining the 2027 OREO cookie lineup for a limited time.
More information on the voting process, sweepstakes, how to enter, prizes and Official Rules can be found at OREO.com/twist-lick-vote.
For more information on the OREO brand's "Twist, Lick, Vote" campaign, fans can visit OREO at OREO.com and follow OREO on Facebook @OREOUnitedStates, Twitter/X @OREO, TikTok @OREO, or Instagram @OREO to be among the first to know about future brand news.
* NO PURCHASE OR QR CODE SCAN NECESSARY. Std.msg & data rates apply to scans. Open to legal residents of the 50 United States & D.C., 18 and older. Ends on 10/12/26 at 11:59 p.m. ET. Void where prohibited. To enter and for Official Rules, visit OREO.com/twist-lick-vote. Your vote will not affect your entry. Limit 1 entry per person. 1 year's supply of OREO cookies awarded as 10 13.29 oz. packages shipped every 3 months over a 12 month period. Sponsor: Mondelēz Global LLC, 100 Deforest Ave., East Hanover, NJ 07936-2813.
About OREO Cookies
OREO® is AMERICA'S FAVORITE COOKIE®, available in more than 100 countries around the globe. Over 60 billion OREO® cookies are sold each year with more than 20 billion of those cookies sold in the U.S. annually. An estimated 500 billion OREO® cookies have been sold since the first OREO® biscuit was developed in 1912. For more information, follow OREO® on Facebook @OREOUnitedStates, Twitter/X @OREO, TikTok @OREO, and Instagram @OREO.
About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2025 net revenues of approximately $38.5 billion, MDLZ is leading the future of snacking with iconic global and local brands such as OREO, RITZ, LU, CLIF BAR and TATE'S BAKE SHOP biscuits and baked snacks, as well as CADBURY DAIRY MILK, MILKA and TOBERLONE chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit www.mondelezinternational.com or follow the company on X at x.com/MDLZ.
Media Contact
Weber Shandwick OREO Team
[email protected]
Mondelez remains a compelling core holding-type stock, combining strong brands, global scale, and robust emerging market momentum. MDLZ delivered net revenue growth and positive volume/mix, with emerging markets driving 8%+ organic growth. With a BBB credit rating, a 3.2% well-covered dividend yield, and 12 years of dividend growth, MDLZ offers defensive income.
Community Financial Services Group LLC trimmed its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 93.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 662 shares of the company’s stock after selling 8,925 shares during the quarter. Community Financial Services Group LLC’s holdings in Mondelez International were worth $39,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the business. J.Safra Asset Management Corp purchased a new position in Mondelez International in the 4th quarter worth $25,000. Advocate Investing Services LLC bought a new stake in Mondelez International in the fourth quarter worth $25,000. JPL Wealth Management LLC purchased a new stake in Mondelez International during the third quarter valued at about $32,000. Kemnay Advisory Services Inc. purchased a new stake in Mondelez International during the fourth quarter valued at about $28,000. Finally, McIlrath & Eck LLC purchased a new position in shares of Mondelez International in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 78.32% of the company’s stock.
Wall Street Analysts Forecast Growth A number of equities research analysts have recently weighed in on MDLZ shares. TD Cowen boosted their target price on Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Freedom Capital downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. BNP Paribas Exane increased their price objective on Mondelez International from $68.00 to $70.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Barclays increased their price objective on Mondelez International from $68.00 to $70.00 and gave the company an “overweight” rating in a research note on Thursday, July 30th. Finally, JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $67.30.
Get Our Latest Analysis on Mondelez International
Mondelez International Trading Up 0.4% Shares of NASDAQ MDLZ opened at $61.78 on Wednesday. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.60 and a quick ratio of 0.40. The firm has a 50-day moving average of $61.07 and a 200 day moving average of $59.83. The stock has a market cap of $78.85 billion, a P/E ratio of 22.71, a price-to-earnings-growth ratio of 2.50 and a beta of 0.38.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The business had revenue of $9.36 billion for the quarter, compared to analysts’ expectations of $9.21 billion. During the same quarter in the prior year, the company earned $0.73 earnings per share. The business’s revenue was up 4.1% compared to the same quarter last year. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, sell-side analysts expect that Mondelez International, Inc. will post 3.05 EPS for the current fiscal year.
Mondelez International Announces Dividend The business also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were paid a $0.50 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.2%. Mondelez International’s dividend payout ratio is presently 73.53%.
Mondelez International Company Profile (Free Report)
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
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E. Ohman J or Asset Management AB increased its stake in shares of Mondelez International, Inc. (NASDAQ: MDLZ) by 43.1% in the undefined quarter, according to its most recent 13F filing with the SEC. The firm owned 34,835 shares of the company's stock after buying an additional 10,500 shares during the period. E.
First Bank & Trust increased its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 131.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,084 shares of the company’s stock after buying an additional 12,524 shares during the period. First Bank & Trust’s holdings in Mondelez International were worth $1,277,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of MDLZ. Brighton Jones LLC grew its stake in Mondelez International by 92.4% in the fourth quarter. Brighton Jones LLC now owns 14,631 shares of the company’s stock valued at $874,000 after purchasing an additional 7,025 shares during the last quarter. United Bank raised its holdings in Mondelez International by 13.2% in the second quarter. United Bank now owns 26,263 shares of the company’s stock worth $1,771,000 after purchasing an additional 3,070 shares in the last quarter. Sei Investments Co. lifted its position in shares of Mondelez International by 15.1% during the second quarter. Sei Investments Co. now owns 547,519 shares of the company’s stock valued at $36,924,000 after buying an additional 71,667 shares during the last quarter. Osterweis Capital Management Inc. lifted its position in shares of Mondelez International by 4,470.0% during the second quarter. Osterweis Capital Management Inc. now owns 1,371 shares of the company’s stock valued at $92,000 after buying an additional 1,341 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in shares of Mondelez International by 144.9% in the 2nd quarter. Main Street Financial Solutions LLC now owns 7,890 shares of the company’s stock valued at $532,000 after buying an additional 4,668 shares in the last quarter. Hedge funds and other institutional investors own 78.32% of the company’s stock.
Mondelez International Stock Performance Shares of MDLZ opened at $61.53 on Tuesday. The stock has a 50-day moving average of $61.06 and a two-hundred day moving average of $59.80. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $66.65. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.40 and a current ratio of 0.60. The stock has a market cap of $78.53 billion, a P/E ratio of 22.62, a P/E/G ratio of 2.55 and a beta of 0.38.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.05. The business had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a return on equity of 14.07% and a net margin of 8.86%.The company’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. As a group, research analysts predict that Mondelez International, Inc. will post 3.05 EPS for the current year.
Mondelez International Announces Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a $0.50 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.3%. Mondelez International’s dividend payout ratio is currently 73.53%.
Analyst Upgrades and Downgrades A number of research analysts have recently issued reports on MDLZ shares. BNP Paribas Exane lifted their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. TD Cowen increased their target price on shares of Mondelez International from $67.00 to $70.00 and gave the company a “buy” rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Mondelez International from $70.00 to $72.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. BTIG Research started coverage on shares of Mondelez International in a report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, Barclays upped their price target on Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, July 30th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.30.
Read Our Latest Report on Mondelez International
About Mondelez International (Free Report)
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
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Did you analyze how Mondelez (MDLZ - Free Report) fared in its international operations for the quarter ending June 2026? Given the widespread global presence of this maker of Oreo cookies, Cadbury chocolate and Trident gum, scrutinizing the trends in international revenues becomes imperative to assess its financial strength and future growth possibilities.
In the modern, closely-knit global economic landscape, the capacity of a business to access foreign markets is often a key determinant of its financial well-being and growth path. Investors now place great importance on grasping the extent of a company's dependence on international markets, as it sheds light on the firm's earnings stability, its skill in leveraging various economic cycles and its broad growth potential.
Presence in international markets can act as a hedge against domestic economic downturns and provide access to faster-growing economies. However, this diversification also brings complexities due to currency fluctuations, geopolitical risks and differing market dynamics.
While delving into MDLZ's performance for the past quarter, we observed some fascinating trends in the revenue from its foreign segments that are commonly modeled and observed by analysts on Wall Street.
The recent quarter saw the company's total revenue reaching $9.36 billion, marking an improvement of 4.1% from the prior-year quarter. Next, we'll examine the breakdown of MDLZ's revenue from abroad to comprehend the significance of its international presence.
A Dive into MDLZ's International Revenue TrendsDuring the quarter, AMEA contributed $1.97 billion in revenue, making up 21.1% of the total revenue. When compared to the consensus estimate of $1.91 billion, this meant a surprise of +3.18%. Looking back, AMEA contributed $2.3 billion, or 22.9%, in the previous quarter, and $1.82 billion, or 20.3%, in the same quarter of the previous year.
Europe generated $3.38 billion in revenues for the company in the last quarter, constituting 36.1% of the total. This represented a surprise of -3.59% compared to the $3.5 billion projected by Wall Street analysts. Comparatively, in the previous quarter, Europe accounted for $3.87 billion (38.4%), and in the year-ago quarter, it contributed $3.41 billion (38%) to the total revenue.
Latin America accounted for 14.7% of the company's total revenue during the quarter, translating to $1.37 billion. Revenues from this region represented a surprise of +5.48%, with Wall Street analysts collectively expecting $1.3 billion. When compared to the preceding quarter and the same quarter in the previous year, Latin America contributed $1.35 billion (13.4%) and $1.19 billion (13.3%) to the total revenue, respectively.
Projected Revenues in Foreign MarketsFor the current fiscal quarter, it is anticipated by Wall Street analysts that Mondelez will post revenues of $9.95 billion, which reflects an increase of 2.2% the same quarter in the previous year. The revenue contributions are expected to be 21.7% from AMEA ($2.16 billion), 36.6% from Europe ($3.64 billion) and 13.4% from Latin America ($1.34 billion).
For the full year, the company is expected to generate $39.9 billion in total revenue, up 3.5% from the previous year. Revenues from AMEA, Europe and Latin America are expected to constitute 21.6% ($8.63 billion), 38.3% ($15.27 billion) and 13.6% ($5.43 billion) of the total, respectively.
Key TakeawaysRelying on global markets for revenues presents both prospects and challenges for Mondelez. Therefore, scrutinizing its international revenue trends is key to effectively forecasting the company's future outlook.
In an era of growing international interdependencies and escalating geopolitical disputes, Wall Street analysts are vigilant in tracking these trends for businesses with a global reach, in order to refine their predictions of earnings. It should be noted, however, that a multitude of other elements, such as a company's domestic position, also play a significant role in shaping the earnings forecasts.
At Zacks, a company's changing earnings outlook is given considerable attention due to its proven, strong influence on a stock's price performance in the near term. The connection here is straightforward and positive: when earnings estimates are revised upward, the stock price generally follows suit, increasing as well.
Boasting a remarkable track record that's been externally verified, the Zacks Rank, our unique stock rating system, leverages changes in earnings projections to function as a reliable gauge for predicting short-term stock price movements.
At present, Mondelez holds a Zacks Rank #3 (Hold). This ranking implies that its near-term performance might mirror the overall market movement. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
A Look at Mondelez's Recent Stock Price PerformanceOver the past month, the stock has gained 2.3% versus the Zacks S&P 500 composite's 0.2% increase. The Zacks Consumer Staples sector, of which Mondelez is a part, has risen 2.6% over the same period. The company's shares have increased 1.2% over the past three months compared to the S&P 500's 4.2% increase. Over the same period, the sector has risen 4.4%
Bank of America Corp DE lessened its stake in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 11.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 20,353,060 shares of the company’s stock after selling 2,528,950 shares during the quarter. Bank of America Corp DE owned 1.59% of Mondelez International worth $1,173,150,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new stake in shares of Mondelez International during the 4th quarter worth $1,010,020,000. Capital International Investors increased its holdings in Mondelez International by 10.7% in the fourth quarter. Capital International Investors now owns 86,943,586 shares of the company’s stock valued at $4,681,024,000 after buying an additional 8,382,270 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Mondelez International by 12.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 37,366,588 shares of the company’s stock valued at $2,011,444,000 after buying an additional 3,993,811 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Mondelez International by 72.0% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 9,089,712 shares of the company’s stock valued at $489,299,000 after buying an additional 3,803,776 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in Mondelez International by 190.3% during the 4th quarter. Bank of Montreal Can now owns 4,273,865 shares of the company’s stock worth $230,062,000 after buying an additional 2,801,689 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Several research firms have recently issued reports on MDLZ. Freedom Capital cut Mondelez International from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. boosted their target price on Mondelez International from $70.00 to $72.00 and gave the stock an “overweight” rating in a research note on Wednesday. Bank of America boosted their target price on Mondelez International from $62.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, April 10th. UBS Group upped their price target on Mondelez International from $62.00 to $64.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Finally, Barclays raised their price objective on shares of Mondelez International from $68.00 to $70.00 and gave the stock an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $67.30.
Check Out Our Latest Stock Report on Mondelez International
Mondelez International News Summary Here are the key news stories impacting Mondelez International this week:
Positive Sentiment: Strong second-quarter results and improved outlook: Mondelez beat earnings and revenue expectations, supported by pricing and volume growth. Management also raised its 2026 organic-sales outlook, while emerging markets and European sales were highlighted as growth areas. Mondelez Q2 Earnings Beat Estimates, 2026 Organic Sales Outlook Up Positive Sentiment: Analysts raised price targets: Barclays increased its target to $70 and maintained an “overweight” rating. BNP Paribas Exane and TD Cowen also raised targets to $70, while JPMorgan lifted its target to $72 and kept an “overweight” rating. The revisions indicate continued confidence in Mondelez’s earnings growth and pricing power. Analyst price-target updates Positive Sentiment: Brand innovation could support demand: CHIPS AHOY! launched a limited-edition mystery flavor campaign designed to increase consumer engagement and generate promotional interest, although the direct financial impact is likely modest. CHIPS AHOY! mystery flavor launch Neutral Sentiment: Wall Street views are not uniform: Coverage shows both bullish and bearish opinions on Mondelez and other consumer-goods stocks. Investors remain focused on whether pricing can be sustained without weakening volumes or consumer demand. Wall Street sentiment on Mondelez Negative Sentiment: Macro pressure weighed on the stock: A sharp market sell-off tied to surging oil prices, U.S.-Iran tensions and uncertainty ahead of the Federal Reserve’s decision likely pressured defensive consumer stocks, including MDLZ, despite its solid earnings report. Market sell-off and oil surge Mondelez International Stock Performance Shares of MDLZ opened at $63.08 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.37 and a current ratio of 0.60. The stock has a market capitalization of $80.97 billion, a P/E ratio of 23.19, a P/E/G ratio of 2.70 and a beta of 0.39. The company’s fifty day moving average is $60.98 and its two-hundred day moving average is $59.53. Mondelez International, Inc. has a 1 year low of $51.20 and a 1 year high of $66.65.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.68 by $0.05. The company had revenue of $9.36 billion during the quarter, compared to analysts’ expectations of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. The business’s revenue was up 4.1% on a year-over-year basis. During the same quarter last year, the business earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, sell-side analysts predict that Mondelez International, Inc. will post 3.04 earnings per share for the current year.
Mondelez International Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were given a $0.50 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.
Mondelez International Profile (Free Report)
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
Read More Five stocks we like better than Mondelez International Microsoft Just Flipped the AI Spending Narrative Overnight Qualcomm’s Turnaround Is Working, So Why Is Wall Street Selling? Meta’s Earnings Show Why Wall Street Is Losing Patience With AI Spending Can Starbucks Keep This Turnaround Going? The Latest Results Say Yes Want to see what other hedge funds are holding MDLZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Mondelez International, Inc. (NASDAQ:MDLZ – Free Report).
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Amundi raised its holdings in Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 18.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,243,030 shares of the company’s stock after purchasing an additional 494,996 shares during the quarter. Amundi owned 0.25% of Mondelez International worth $186,928,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. OLD Republic International Corp lifted its holdings in shares of Mondelez International by 156.6% in the 4th quarter. OLD Republic International Corp now owns 414,100 shares of the company’s stock worth $22,291,000 after purchasing an additional 252,700 shares during the last quarter. Allstate Corp grew its stake in Mondelez International by 107.7% during the 4th quarter. Allstate Corp now owns 97,522 shares of the company’s stock worth $5,250,000 after buying an additional 50,562 shares during the last quarter. VCI Wealth Management LLC acquired a new stake in Mondelez International in the fourth quarter worth $970,000. BNP Paribas Financial Markets increased its position in Mondelez International by 41.0% in the fourth quarter. BNP Paribas Financial Markets now owns 4,006,627 shares of the company’s stock worth $215,677,000 after buying an additional 1,166,036 shares during the period. Finally, PKO Investment Management Joint Stock Co increased its position in Mondelez International by 115.0% in the fourth quarter. PKO Investment Management Joint Stock Co now owns 101,066 shares of the company’s stock worth $5,440,000 after buying an additional 54,066 shares during the period. Institutional investors and hedge funds own 78.32% of the company’s stock.
Analyst Upgrades and Downgrades Several equities analysts have recently issued reports on the stock. Morgan Stanley reissued an “overweight” rating on shares of Mondelez International in a report on Friday, May 29th. BTIG Research assumed coverage on shares of Mondelez International in a research report on Tuesday, April 14th. They issued a “buy” rating and a $70.00 price objective on the stock. Bank of America boosted their target price on shares of Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Jefferies Financial Group restated a “buy” rating and issued a $73.00 target price on shares of Mondelez International in a research report on Wednesday. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Mondelez International in a research note on Monday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.30.
Check Out Our Latest Analysis on Mondelez International
Key Headlines Impacting Mondelez International Here are the key news stories impacting Mondelez International this week:
Positive Sentiment: Strong second-quarter results and improved outlook: Mondelez beat earnings and revenue expectations, supported by pricing and volume growth. Management also raised its 2026 organic-sales outlook, while emerging markets and European sales were highlighted as growth areas. Mondelez Q2 Earnings Beat Estimates, 2026 Organic Sales Outlook Up Positive Sentiment: Analysts raised price targets: Barclays increased its target to $70 and maintained an “overweight” rating. BNP Paribas Exane and TD Cowen also raised targets to $70, while JPMorgan lifted its target to $72 and kept an “overweight” rating. The revisions indicate continued confidence in Mondelez’s earnings growth and pricing power. Analyst price-target updates Positive Sentiment: Brand innovation could support demand: CHIPS AHOY! launched a limited-edition mystery flavor campaign designed to increase consumer engagement and generate promotional interest, although the direct financial impact is likely modest. CHIPS AHOY! mystery flavor launch Neutral Sentiment: Wall Street views are not uniform: Coverage shows both bullish and bearish opinions on Mondelez and other consumer-goods stocks. Investors remain focused on whether pricing can be sustained without weakening volumes or consumer demand. Wall Street sentiment on Mondelez Negative Sentiment: Macro pressure weighed on the stock: A sharp market sell-off tied to surging oil prices, U.S.-Iran tensions and uncertainty ahead of the Federal Reserve’s decision likely pressured defensive consumer stocks, including MDLZ, despite its solid earnings report. Market sell-off and oil surge Mondelez International Stock Down 2.9% Mondelez International stock opened at $63.08 on Friday. The stock has a market cap of $80.97 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.70 and a beta of 0.39. The company has a current ratio of 0.60, a quick ratio of 0.37 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $60.98 and its two-hundred day moving average price is $59.53. Mondelez International, Inc. has a 52 week low of $51.20 and a 52 week high of $66.65.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.05. The company had revenue of $9.36 billion for the quarter, compared to the consensus estimate of $9.21 billion. Mondelez International had a net margin of 8.86% and a return on equity of 14.07%. Mondelez International’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.73 EPS. Mondelez International has set its FY 2026 guidance at 2.970-3.120 EPS. On average, analysts expect that Mondelez International, Inc. will post 3.04 EPS for the current fiscal year.
Mondelez International Dividend Announcement The company also recently announced a quarterly dividend, which was paid on Tuesday, July 14th. Investors of record on Tuesday, June 30th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.00 annualized dividend and a yield of 3.2%. Mondelez International’s payout ratio is presently 99.50%.
About Mondelez International (Free Report)
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
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The iconic cookie brand is hacking the snack routine and inviting fans to guess the limited-edition flavor.
The cookie brand announced the CHIPS AHOY! Mystery Cookies are available on TikTok Shop starting today, with national retailer rollout on August 10 Fans are tasked to submit their flavor guesses and help solve the mystery for a chance to win a $25,000 grand prize*, see details below The brand plans to confirm the limited-edition cookie flavor on Halloween , /PRNewswire/ -- The CHIPS AHOY! brand is turning snack time on its head for cookie lovers across the country with its latest, top-secret product offering: the limited-edition CHIPS AHOY! Mystery Cookie. Designed to be decoded and ultimately devoured, the CHIPS AHOY! Mystery Cookie challenges everything fans think they know about the cookie and tasks them with solving the case.
The CHIPS AHOY! brand announces a mystery cookie and is asking fans to solve the case. The packaging was overhauled to feature an unidentifiable cookie wrapped in spooky caution tape, cueing a top-secret flavor. The cookie broke through from another flavor dimension after a glitch occurred and only fans can decode it. The brand's cookie mascot, Chip, will serve as the ultimate sidekick to help fans crack the case and fix the glitch for good.
"For Gen Z, snacking and gaming aren't just pastimes, but how they connect, recharge and build community," said Mili Laddha, Senior Director Marketing, Mondelēz International. "With the CHIPS AHOY! Mystery Cookie, we're leveling up the snacking experience to match their energy. We've turned a simple treat into an interactive side quest, blending IRL flavor with the digital culture they live and breathe."
CHIPS AHOY! Mystery Cookies Drop First on TikTok Shop
The CHIPS AHOY! Mystery Cookies will drop today, July 30, on SnackWorks' TikTok Shop storefront in limited quantities while supplies last, marking a first for the brand. For shoppers looking to secure their pack in person, the limited-edition cookies will begin rolling out to retailers nationwide starting on August 10.
Help Solve the Flavor Mystery for a Chance to Win $25,000
Starting today, the brand is officially putting its highly engaged fans on the case, giving sweet-toothed sleuths across the nation the opportunity to collaborate and crack the code for a chance to win a $25,000 grand prize*.
Think you've solved the mystery? Simply scan the QR code printed on the pack or head directly to CHIPSAHOYMystery.com to submit your official flavor guess. In addition to the grand prize, active participants will have the opportunity to win other sweet prizes.
Time is of the essence for our snack sleuths, however, as the mystery won't last forever—keep your eyes on the CHIPS AHOY! brand social media channels for the highly anticipated flavor reveal, which is set to drop on Halloween, making it the ultimate playful trick-or-treat surprise.
More information on the sweepstakes, how to enter, prizes and Official Rules can be found at CHIPSAHOYMystery.com.
For more information on the CHIPS AHOY! Mystery Cookie, visit Mondelēz International at MondelēzInternational.com or follow CHIPS AHOY! on Instagram @CHIPSAHOY, TikTok @TheOfficialChipsAhoy or on Facebook @ChipsAhoy.
*NO PURCHASE OR QR CODE SCAN NECESSARY. Std.msg & data rates apply to scans. Open to legal residents of the 50 United States D.C. & Puerto Rico, 18 and older (19 and older in AL and NE, 21+ in PR). Ends at 11:59 a.m. ET on 10/31/26. Your guess does not have to be correct to earn an entry. Void where prohibited. Visit www.chipsahoymystery.com for Official Rules, including free method of entry. Sponsor: Mondelēz Global LLC, 100 Deforest Ave., East Hanover, NJ 07936-2813.
About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2025 net revenues of approximately $38.5 billion, MDLZ is leading the future of snacking with iconic global and local brands such as OREO, RITZ, LU, CLIF BAR and TATE'S BAKE SHOP biscuits and baked snacks, as well as CADBURY DAIRY MILK, MILKA and TOBERLONE chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit www.Mondelēzinternational.com or follow the company on X at x.com/MDLZ.
Media Contact
Weber Shandwick CHIPS AHOY! team
[email protected]
Mondelēz International CEO and Chairman Dirk Van de Put joins 'Squawk on the Street' to discuss the company's Q2 results, European sales, state of the consumer, and more.
Key Takeaways Mondelez posted adjusted EPS of 73 cents as net revenues increased 4.1% to $9.36 billion.Organic revenue rose 2.2%, driven by 1.5% pricing growth and a 0.7% gain from volume and mix.Mondelez raised its 2026 organic sales outlook to at least 2% while maintaining its EPS forecast. Mondelez International, Inc. (MDLZ - Free Report) posted second-quarter 2026 results, wherein both top and bottom lines beat the Zacks Consensus Estimate. Net sales increased year over year. Management raised fiscal 2026 guidance for organic net revenues.
Adjusted earnings were 73 cents per share, which decreased 2.7% on a constant-currency (cc) basis. The decline was caused by weaker operating performance and higher interest and other expenses, partially offset by lower income taxes and favorable currency movements. The metric beat the Zacks Consensus Estimate of 67 cents per share.
Net revenues rose 4.1% year over year to $9,355 million, outpacing the Zacks Consensus Estimate of $9,227 million. This growth was driven by 2.2% organic net revenue growth and favorable currency movements, partly offset by the impact of a prior-year divestiture.
Organic net revenues rose 2.2% year over year in the second quarter, primarily driven by pricing and volume/mix, which contributed growth of 1.5% and 0.7%, respectively.
MDLZ’s Revenue & Margin Breakdown: Key InsightsRevenues from emerging markets increased 7.4% year over year to $3,909 million, with organic growth of 4.4%. Growth was broad-based across all snacking categories except chocolate, where gains were primarily pricing-led and partially affected by purchase price accounting. Key growth markets included India, continued strength in Brazil and robust performances in Mexico and Southeast Asia.
Revenues from developed markets increased 1.9% year over year to $5,446 million, with organic growth of 0.7%. This increase reflected gradual improvement across key regions, with North America driving revenue, volume, profit and market share growth, while the European business continued to show signs of recovery.
Region-wise, revenues jumped 15.1% in Latin America, 8.2% in Asia, the Middle East and Africa (“AMEA”), 3% in North America and fell 1% in Europe. On an organic basis, revenues rose 8.4% in Latin America, 7.1% in AMEA, 3.4% in North America and fell 3.5% in Europe.
Adjusted gross profit increased $92 million at constant currency, while the adjusted gross profit margin improved 20 basis points to 34%, benefiting from higher net pricing and lower manufacturing costs driven by productivity, partially offset by elevated raw material costs.
Adjusted operating income declined $78 million at constant currency, while the adjusted operating margin contracted 120 basis points to 13.1%, reflecting higher raw material, selling, general and administrative, and advertising and consumer promotion costs, partly offset by higher net pricing and reduced manufacturing costs driven by productivity.
Mondelez’s Financial Health SnapshotMDLZ ended the quarter with cash and cash equivalents of $1,716 million and long-term debt of $16,460 million. For the six months ended June 30, 2026, the company generated $1,322 million in net cash from operating activities and delivered free cash flow of $668 million.
Year to date, the company has returned $1.5 billion in capital to shareholders through dividends and share repurchases.
MDLZ increased its quarterly cash dividend by 4% to 52 cents per share.
What to Expect From MDLZ in 2026?For 2026, the company now expects at least 2% organic net revenue growth, up from its previous guidance of flat to 2% growth. It continues to project adjusted EPS growth ranging from flat to 5% on a constant-currency basis and expects approximately $3 billion in free cash flow.
This Zacks Rank #3 (Hold) company has risen 1.7% in the past three months compared with the industry’s 3.3% growth.
Image Source: Zacks Investment Research
Stocks to ConsiderUnited Natural Foods, Inc. (UNFI - Free Report) distributes natural, organic, specialty, produce and conventional grocery and non-food products in the United States and Canada. At present, United Natural sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for United Natural’s current fiscal-year earnings implies growth of 254.9% from the year-ago figures. UNFI delivered a trailing four-quarter earnings surprise of 29.9%, on average.
US Foods Holding Corp. (USFD - Free Report) engages in the marketing, sale and distribution of fresh, frozen and dry food and non-food products to foodservice customers in the United States. USFD currently carries a Zacks Rank #2 (Buy). US Foods Holding delivered a trailing four-quarter earnings surprise of 1.4%, on average.
The Zacks Consensus Estimate for US Foods Holding’s current fiscal-year sales and earnings implies growth of 5.1% and 16.3%, respectively, from the year-ago figures.
The J. M. Smucker Company (SJM - Free Report) manufactures and markets branded food and beverage products worldwide. It currently has a Zacks Rank #2. SJM delivered a trailing four-quarter earnings surprise of 1.5%, on average.
The Zacks Consensus Estimate for The J. M. Smucker’s current fiscal-year earnings indicates growth of 8.7%, from the prior-year reported levels.
Anniversary Campaign Starring Lindsay Lohan and Amy Sedaris, Directed by Patricia Arquette, Marks a Milestone for the Fan-Inspired Snack Collaboration
, /PRNewswire/ -- One year after introducing the REESE'S OREO® Cup, which brought together America's #1 Candy and #1 Cookie, the Reese's brand is celebrating with a new campaign featuring Lindsay Lohan, Amy Sedaris and Director Patricia Arquette. The treat exceeded expectations from launch and quickly became one of the most successful innovations in the candy category in the last decade.
Celebrating One Year of REESE'S OREO®
Anniversary Campaign Starring Lindsay Lohan and Amy Sedaris, Directed by Patricia Arquette, Marks a Milestone for the Fan-Inspired Snack Collaboration
Anniversary Campaign Starring Lindsay Lohan and Amy Sedaris, Directed by Patricia Arquette, Marks a Milestone for the Fan-Inspired Snack Collaboration
Anniversary Campaign Starring Lindsay Lohan and Amy Sedaris, Directed by Patricia Arquette, Marks a Milestone for the Fan-Inspired Snack Collaboration
To mark the occasion, the Reese's brand partnered with Lindsay Lohan, Amy Sedaris and Patricia Arquette on a new creative campaign inspired by the idea that some combinations are simply meant to be. The campaign serves as a playful tribute to the snack pairing that spent decades living in fans' imaginations before finally making its way to shelves.
"I love that I'm able to be a part of such a moment with REESE'S OREO®," said Lindsay Lohan. "Working on this campaign has been such a fun experience, and it's been amazing to see fans embrace this collaboration. Getting to share this moment and work with Amy and Patricia makes it even more special."
"I've had some wonderfully strange jobs in my life, but helping bring a decades-old snack legend to life with Lindsay and Patricia is definitely up there," said Amy Sedaris. "Somehow REESE'S OREO® managed to turn nostalgia, friendship and peanut butter into a real job, and for that I'm grateful."
The story of REESE'S OREO® started long before the product appeared on shelves. For years, fans of the brands imagined, discussed and created their own versions of a cookie-and-peanut-butter mashup online. When the Reese's and OREO® brands officially teamed up, they answered one of the most persistent requests in snacking and delivered a collaboration many consumers believed was destined to happen.
Directed by Patricia Arquette with Creative Production led by Juxtapose Studio, the anniversary campaign celebrates the product's remarkable first year while recognizing the fans who spent years championing the pairing before it officially existed. The creative reinforces a simple truth at the heart of the REESE'S OREO® story: some pairings feel destined from the start. You can view the spot on Instagram HERE and YouTube HERE.
A Fan Dream That Became a Business Success Story
What began as years of fan requests, online conversations and wish lists became a reality when The Hershey Company and Mondelēz officially launched REESE'S OREO® Cup bringing together milk chocolate and white creme peanut butter cups with OREO® cookie crumbs. One year later, Reese's is celebrating the consumers who helped turn a dream pairing into a sought-after snacking moment.
Since launching, REESE'S OREO® has delivered over $188M in retail sales to date, transforming years of consumer demand into Reese's #1 innovation for 2025 that captured culture, energized retail partners and delivered exceptional business results.
Consumer response validated the power of the concept, with strong engagement, repeat purchase behavior, and product satisfaction demonstrating the long-term appeal of the pairing. Beyond delivering incremental sales, REESE'S OREO® expanded the brand's reach by attracting new and younger consumers, helping introduce the next generation of fans to the Reese's brand.
"The best innovations become part of culture because they tap into something consumers already care about," said Melissa Blette, Senior Brand Manager at The Hershey Company. "REESE'S OREO® was inspired by a conversation consumers had been having for years. Watching that enthusiasm continue one year later has reinforced the value of building products with consumers, not just for them."
FAQs
What is REESE'S OREO®?
REESE'S OREO® combines milk chocolate and white creme peanut butter cups with OREO® cookie crumbs, bringing together the iconic flavors of America's No. 1 candy and No. 1 cookie.
How did the collaboration between The Hershey Company and Mondelēz International come together?
REESE'S OREO® was born from a shared vision between The Hershey Company and Mondelēz International to bring together two iconic brands in a way consumers had been requesting for years. By combining the flavors fans already loved, the companies created a product that has resonated with consumers and exceeded expectations since launch.
Why is the brand launching this campaign now?
The campaign celebrates the one-year anniversary of REESE'S OREO® and the continued enthusiasm consumers have shown for the product. Fans asked for this mashup for years and, as Reese's #1 innovation for 2025, the campaign is a chance to celebrate the magic that comes from iconic combinations.
Who appears in the campaign?
The campaign stars Lindsay Lohan and Amy Sedaris and is directed by Patricia Arquette. Developed to celebrate the one-year anniversary of REESE'S OREO® the creative pays tribute to a snack pairing that consumers spent years dreaming about before it became reality, while celebrating the product's first year of success
How successful has REESE'S OREO® been?
Since launch, REESE'S OREO® has exceeded expectations, delivered exceptional business results, generated strong consumer engagement and attracted new and younger consumers to the brand.
Is REESE'S OREO® a permanent product?
Yes. The REESE'S OREO® Cup is a permanent addition to the Reese's portfolio.
Pricing is at the sole discretion of the retailer.
About The Hershey Company
The Hershey Company (NYSE: HSY) is an industry-leading snacks company with a purpose to make more moments of goodness and a vision to lead next generation snacking. Hershey brings together more than 20,000 employees worldwide to deliver delicious, high-quality products across more than 85 brands in approximately 65 countries, generating more than $11.7 billion in annual revenues.
Hershey brings its full portfolio to market as ONE Hershey, spanning confection, salty and functional snacking categories with beloved brands like Hershey's, Reese's, Kisses, KIT KAT®, Jolly Rancher, Twizzlers and Ice Breakers; salty snacks including SkinnyPop, LesserEvil, Pirate's Booty and Dot's Homestyle Pretzels; and a protein portfolio including ONE Brands and Fulfil.
For more than 130 years, Hershey has operated fairly, ethically and sustainably. Founder Milton Hershey established Milton Hershey School in 1909, and that legacy of purpose endures today through the company's commitment to helping children succeed through equitable access to education.
About OREO® Cookie
OREO® is AMERICA'S FAVORITE COOKIE®, available in more than 100 countries around the globe. Over 60 billion OREO® cookies are sold each year with more than 20 billion of those cookies sold in the U.S. annually. An estimated 500 billion OREO® cookies have been sold since the first OREO® biscuit was developed in 1912. For more information, follow OREO® on Facebook @OREOUnitedStates, Twitter/X @OREO, TikTok @OREO, or on Instagram @OREO.
About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2025 net revenues of approximately $38.5 billion, MDLZ is leading the future of snacking with iconic global and local brands such as OREO, RITZ, LU, CLIF BAR and TATE'S BAKE SHOP biscuits and baked snacks, as well as CADBURY DAIRY MILK, MILKA and TOBERLONE chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices.
Visit www.mondelezinternational.com or follow the company on X at x.com/MDLZ.
Mondelez International Inc (MDLZ) Q2 2026 Earnings Call Highlights: Strong Growth in Emerging Markets Amid Global Challenges Mondelez International Inc (MDLZ) reports robust top-line growth and market share gains, while navigating economic headwinds and regional challenges. + GuruFocus.com on
Release Date: July 28, 2026
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points Mondelez International Inc MDLZ reported strong top-line growth of 4.4% in Q2, driven by robust performance in emerging markets.The company expanded its distribution network significantly, adding 100,000 stores in India and reaching 1 million stores in Brazil.Mondelez International Inc (MDLZ) gained market share in all categories in North America, with strong growth in the value channel and away-from-home segments.The company has a strong innovation pipeline, with successful products like Ritz Drizzled, Sour Patch Kids Chews, and Oreo contributing to growth.Mondelez International Inc (MDLZ) is investing heavily in brand reinvestment and innovation, with plans to accelerate these efforts in the second half of the year. Negative Points Consumer confidence in North America remains subdued due to inflation and economic concerns, impacting purchasing behavior.The company faces challenges in China, where consumer confidence is softer, although gradual improvement is expected.Mondelez International Inc (MDLZ) is experiencing incremental costs from the Middle East conflict, affecting financial performance.The European market has been impacted by a heat wave, affecting chocolate consumption and leading to lower-than-expected Q2 results.Cocoa price volatility poses a risk, although the company is taking steps to mitigate its impact on future earnings. Q & A Highlights Q: Emerging markets have shown strong performance for the second quarter. What gives you confidence in the outlook for the second half in these markets?
A: Dirk Van De Put, CEO, highlighted that the strong top line growth of 4.4% and solid volume in Q2 are driven by a stable consumer confidence in emerging markets. India, Mexico, and Brazil are performing well, while China is expected to improve. The expansion of distribution, with significant store additions in India and Brazil, and a mix of global brands and local products are key factors. This growth is seen as structural rather than cyclical, suggesting continued strong performance.
Q: Can you elaborate on the improvement in North America and its sustainability for the rest of the year?
A: Dirk Van De Put, CEO, noted that while consumer confidence in North America has rebounded, it remains subdued due to inflation and energy prices. Despite this, Mondelez saw strong net revenue growth and positive volume mix, gaining share in all categories. The success is attributed to disciplined promotional execution, effective innovation, and strong growth in value channels. The company plans to continue reinvesting and expects a strong second half.
Q: As the new CFO, what are your initial observations about Mondelez?
A: Amit Banati, CFO, expressed confidence in Mondelez's iconic brand portfolio and strong innovation pipeline. He sees significant growth opportunities in emerging markets and under-indexed channels. Banati also highlighted opportunities for productivity improvements, particularly through AI-enabled efficiencies, which will support reinvestment in growth.
Q: Can you provide insights into the outlook for the remainder of the year, especially regarding top line and EPS guidance?
A: Amit Banati, CFO, stated that the company feels good about the top line, expecting at least 2% growth driven by strong performance in emerging markets and improving execution in North America. EPS guidance remains unchanged, with any upside reinvested into areas showing momentum. The company anticipates a back-weighted earnings distribution due to phasing on cocoa and other factors.
Q: What are the expectations for volume improvement in Europe, considering recent challenges like the heat wave?
A: Luca Zaramella, COO, explained that European chocolate business is on a positive volume mix trajectory, expected to continue in the second half as they lap prior year pricing. Despite a heat wave impacting Q2, the company is confident about improved execution and activation, particularly around brands like Biscoff and Milka Croissant, leading to better performance in the second half.
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Mondelez (MDLZ - Free Report) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +8.96%. A quarter ago, it was expected that this maker of Oreo cookies, Cadbury chocolate and Trident gum would post earnings of $0.61 per share when it actually produced earnings of $0.67, delivering a surprise of +9.84%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Mondelez, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $9.36 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.39%. This compares to year-ago revenues of $8.98 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Mondelez shares have added about 12.7% since the beginning of the year versus the S&P 500's gain of 8.3%.
What's Next for Mondelez?While Mondelez has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Mondelez was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.78 on $9.96 billion in revenues for the coming quarter and $3.04 on $39.84 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Food - Miscellaneous is currently in the bottom 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Nomad Foods (NOMD - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026.
This frozen foods company is expected to post quarterly earnings of $0.37 per share in its upcoming report, which represents a year-over-year change of -17.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Nomad Foods' revenues are expected to be $832.9 million, down 1.7% from the year-ago quarter.
For the quarter ended June 2026, Mondelez (MDLZ - Free Report) reported revenue of $9.36 billion, up 4.1% over the same period last year. EPS came in at $0.73, compared to $0.73 in the year-ago quarter.
The reported revenue represents a surprise of +1.39% over the Zacks Consensus Estimate of $9.23 billion. With the consensus EPS estimate being $0.67, the EPS surprise was +8.96%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Mondelez performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Geographic Revenue- North America: $2.63 billion compared to the $2.58 billion average estimate based on three analysts. The reported number represents a change of +3% year over year.Geographic Revenue- Europe: $3.38 billion versus $3.5 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1% change.Geographic Revenue- AMEA: $1.97 billion compared to the $1.91 billion average estimate based on three analysts. The reported number represents a change of +8.2% year over year.Geographic Revenue- Latin America: $1.37 billion compared to the $1.3 billion average estimate based on three analysts. The reported number represents a change of +15.1% year over year.View all Key Company Metrics for Mondelez here>>>
Shares of Mondelez have returned +0.9% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Campbell's Soup Stock: Deep Value and a 7% Dividend YieldMondelez International NASDAQ: MDLZ said it expects momentum in emerging markets, improving execution in North America and a recovery in Europe to support a strong second half, while maintaining its full-year earnings-per-share outlook despite increasing its top-line forecast.
Chairman and Chief Executive Officer Dirk Van de Put said the company delivered 4.4% top-line growth in the second quarter, supported by strong volume. Executives described growth in emerging markets as structural rather than cyclical, citing category underpenetration, distribution expansion and sustained reinvestment.
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Emerging markets remain a growth driver 5 High-Yield Stocks and ETFs to Buy and Hold for the Next DecadeVan de Put said snacking demand remains solid across major emerging markets, with consumer confidence stable overall. India was described as “very strong,” while consumers in Mexico and Brazil remain solid. China is softer, he said, but Mondelez expects conditions there to gradually improve.
The company has expanded distribution substantially, adding 100,000 stores in India. Its Brazilian business now reaches 1 million stores, while distribution is continuing to expand in China and Southeast Asia.
Mondelez Rips Higher on a Q1 Beat as Cocoa Pressure Finally Starts to Crack“The categories are still very under-penetrated,” Van de Put said. “We still have a long runway of more consumers consuming more every day.”
Chief Financial Officer Amit Banati, speaking on his first earnings call after joining the company, said Mondelez has an “advantaged emerging markets platform” and opportunities to increase penetration, distribution and new consumption occasions through innovation. He also identified supply-chain productivity and AI-enabled efficiencies as potential sources of funds for future reinvestment.
North America shows sequential improvement Mondelez said its North American business accelerated sequentially from the first quarter, recording positive volume mix and strong net revenue growth while gaining share across its categories. Van de Put said the company expects that performance to continue in the second half.
Consumer confidence has rebounded from lows but remains subdued, he said, as inflation and energy prices continue to pressure household budgets. The company is seeing a “K-shaped” consumer environment, with shoppers moving toward lower-priced formats while premium and better-for-you offerings also perform well.
High-single-digit growth in value channels and mid-single-digit growth in away-from-home channels helped support results. Van de Put pointed to RITZ crackers, including RITZ Drizzled, Sour Patch Kids Chews, Oreo, ZBar, Give & Go, Perfect Snacks, Tate’s and Hu as areas of strength.
Management attributed the improvement to disciplined promotions, innovation, price-pack architecture and increased advertising and consumer investment. Van de Put said the company plans to accelerate reinvestment during the second half.
He added that Mondelez sees further North American distribution opportunities in value, convenience and away-from-home channels, where the company historically had not prioritized growth to the same degree as traditional food retail. The company is developing channel-specific products and working more directly in certain convenience markets, he said.
Europe expected to improve as pricing comparisons ease Chief Operating Officer Luca Zaramella said Mondelez’s European chocolate business is on a positive volume-mix trajectory, with volumes expected to improve in the second half as the company laps prior-year pricing actions.
He said negative pricing in Europe during the second quarter reflected adjustments made in the latter half of the prior year to address specific price gaps. Market share has improved in recent months in both volume and value terms, according to Zaramella.
An unprecedented heat wave affected chocolate consumption and led Mondelez to keep trade inventories controlled during the quarter, he said. After the heat wave, management expects more activation around Biscoff and continued growth from Milka Choco Croissant. Zaramella said the company anticipates better top-line performance and a profitability rebound in Europe in the second half, setting up continued growth into 2027.
Guidance maintained for earnings, top-line outlook raised Banati said Mondelez raised its full-year top-line outlook to “at least” 2% growth, with similar growth levels expected across the third and fourth quarters. The company expects positive volume mix and a modest pricing contribution for the balance of the year.
However, the company maintained its EPS outlook, saying it intends to reinvest upside into areas showing momentum, including emerging markets, innovation and distribution. Management also cited incremental costs tied to the Middle East conflict, which it said are incorporated into its outlook.
Zaramella said earnings will be more weighted toward the fourth quarter because cocoa-related phasing is expected to affect the third quarter before reversing in the fourth quarter. Interest and tax comparisons will also pressure third-quarter EPS, he said, characterizing the timing effects as mechanical rather than structural.
While Mondelez no longer provides guidance based on gross-margin percentage, Zaramella said gross profit dollars rose 3% in the second quarter and should accelerate in both the third and fourth quarters. He also expects EBIT in dollar terms to rise in both periods, with greater growth in the fourth quarter.
Cocoa, innovation and 2027 outlook Management said the cocoa market is fundamentally in a better position than it was during the 2024 crisis, despite recent price increases. Zaramella cited an expected surplus of at least 500,000 metric tons this year, equal to about 10% of total cocoa demand, and said industry coverage stands at 10 months compared with seven months during 2024.
He said early pod counts indicate the next crop may not be exceptional, while El Niño and short-covering activity have also supported prices. Still, Zaramella said Mondelez expects its 2027 earnings to be insulated to an extent from commodity volatility through positive volume mix, productivity initiatives, AI-related overhead efficiencies and a portfolio strategy aimed at reducing cocoa intensity.
Innovation remains a central part of the strategy. Van de Put said products introduced in the past three years account for slightly more than 10% of Mondelez net revenue, with a longer-term goal of potentially moving toward 15%.
He highlighted the company’s Biscoff collaboration, which includes Biscoff-filled chocolate products, licensed biscuit distribution in markets such as India and a planned Brazil launch early next year, as well as ice cream products. Van de Put said he believes the broader collaboration could eventually be worth between $500 million and $1 billion in the coming years.
About Mondelez International (NASDAQ:MDLZ)Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company's product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
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Net Revenues +4.1%, Organic Net Revenues +2.2%, Volume/Mix +0.7%
Diluted EPS increased 144.9% to $1.20
Adjusted EPS was $0.73 which declined -2.7% on a constant currency basis
Year-to-date cash provided by operating activities was $1.3 billion
and Free Cash Flow was $0.7 billion
Return of capital to shareholders was $1.5 billion in the first half of the year
Announcing +4% increase to quarterly dividend
CHICAGO, July 28, 2026 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) today reported its second quarter 2026 results.
“Our second quarter results were marked by robust top-line expansion, coupled with volume growth and share improvement, along with improved profitability. We delivered continued strength across our Emerging Markets, as well as strong growth and elevated execution in our North America business. In Europe, share dynamics are showing early positive trends, and we believe the business is well-positioned to build on that progress," said Dirk Van de Put, Chair and Chief Executive Officer. "We are encouraged by the momentum in our business, and we remain focused on executional excellence coupled with reinvesting behind our brands to enable sustained performance for years to come.”
Net Revenue
$ in millionsReported
Net Revenues Organic Net Revenue Growth Q2 2026
% Chg
vs PY Q2 2026 Vol/Mix PricingQuarter 2 Latin America$1,374 15.1% 8.4% 0.5 pp 7.9 ppAsia, Middle East & Africa 1,971 8.2 7.1 5.2 1.9 Europe 3,377 (1.0) (3.5) (2.1) (1.4)North America 2,633 3.0 3.4 1.2 2.2 Mondelēz International$9,355 4.1% 2.2% 0.7 pp 1.5 ppEmerging Markets$3,909 7.4% 4.4% 1.6 pp 2.8 ppDeveloped Markets$5,446 1.9% 0.7% — pp 0.7 pp June Year-to-DateYTD 2026
YTD 2026 Latin America$2,722 13.6% 6.7% (1.3) pp 8.0 ppAsia, Middle East & Africa 4,275 11.4 9.3 5.5 3.8 Europe 7,248 4.1 (2.0) (2.7) 0.7 North America 5,190 1.7 2.0 0.4 1.6 Mondelēz International$19,435 6.2% 2.6% 0.1 pp 2.5 ppEmerging Markets$8,058 9.5% 5.3% 1.0 pp 4.3 ppDeveloped Markets$11,377 4.0% 0.8% (0.5) pp 1.3 pp Operating Income and Diluted EPS
Net revenues increased 4.1 percent driven by our underlying Organic Net Revenue growth of 2.2 percent and favorable currency-related items, partially offset by lapping prior year net revenue from a divestiture. Organic Net Revenue growth was driven by higher net pricing and favorable volume/mix. Gross profit increased $1,049 million, and gross profit margin increased 990 basis points to 42.6 percent primarily driven by a favorable year-over-year change in mark-to-market impacts from commodity and foreign currency derivatives and by an increase in Adjusted Gross Profit1 margin, partially offset by incremental costs due to geopolitical conflicts, higher costs incurred for the ERP System Implementation program and an unfavorable year-over-year change in acquisition-related items. Adjusted Gross Profit increased $92 million at constant currency and Adjusted Gross Profit margin increased 20 basis points to 34.0 percent driven primarily by higher net pricing and lower manufacturing costs driven by productivity, partially offset by higher raw material costs. Operating income increased $774 million, and operating income margin was 20.8 percent, up 780 basis points due primarily to a favorable year-over-year change in mark-to-market impacts from commodity and foreign currency derivatives, partially offset by lower Adjusted Operating Income1 margin, an unfavorable year-over-year change in acquisition-related items, higher costs incurred for the ERP System Implementation program, higher restructuring charges and incremental costs due to geopolitical conflicts. Adjusted Operating Income decreased $78 million at constant currency and Adjusted Operating Income margin decreased 120 basis points to 13.1 percent, driven primarily by higher raw material costs, higher other selling, general and administrative expenses and higher advertising and consumer promotion costs, partially offset by higher net pricing and lower manufacturing costs driven by productivity. Diluted EPS was $1.20, up 144.9 percent, primarily driven by a favorable year-over-year change in mark-to-market impacts from commodity and foreign currency derivatives, lower pension participation charges and initial impacts from enacted tax law changes. These favorable items were partially offset by a decrease in Adjusted EPS1, higher acquisition-related items, higher costs incurred for the ERP System Implementation program and incremental costs due to geopolitical conflicts. Adjusted EPS was $0.73, down 2.7 percent on a constant currency basis. The decrease in Adjusted EPS1 was driven by operating declines and higher interest and other expense, partially offset by lower income tax and favorable currency-related items. 2026 Outlook
Mondelēz International provides its outlook on a non-GAAP basis, as the company cannot predict some elements that are included in reported GAAP results, including future changes in foreign currency rates. Refer to the Outlook section in the discussion of non-GAAP financial measures below for more details.
For 2026, the company now expects at least 2 percent Organic Net Revenue growth, which reflects the strength of its year-to-date performance. The company maintains its Adjusted EPS growth in the range of flat to 5 percent on a constant currency basis. The company also expects 2026 Free Cash Flow of approximately $3 billion. The company currently estimates currency translation would increase 2026 net revenue growth by approximately 2.0 percent3 and increase Adjusted EPS by $0.053.
Outlook is provided in the context of greater than usual volatility, including geopolitical, trade and regulatory uncertainty and commodity prices. This outlook does not reflect any potential tariff changes to United States-Mexico-Canada Agreement ("USMCA") compliant trade.
Conference Call
Mondelēz International will host a conference call for investors at 5 p.m. ET today. A listen-only webcast will be provided at www.mondelezinternational.com. An archive of the webcast will be available on the company’s web site.
About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2025 net revenues of approximately $38.5 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit www.mondelezinternational.com or follow the company on X at x.com/MDLZ.
End Notes
Organic Net Revenue, Adjusted Gross Profit (and Adjusted Gross Profit margin), Adjusted Operating Income (and Adjusted Operating Income margin), Adjusted EPS, Free Cash Flow and presentation of amounts in both reported and constant currency are non-GAAP financial measures. Please see discussion of non-GAAP financial measures at the end of this press release for more information.Net earnings attributable to Mondelēz International.Currency estimate is based on published rates from XE.com on July 17, 2026. Additional Definitions
Emerging markets consist of the entire Latin America region; the Asia, Middle East and Africa region excluding Australia, New Zealand and Japan; and the following countries from the Europe region: Russia, Ukraine, Türkiye, Kazakhstan, Georgia, Poland, Czech Republic, Slovak Republic, Hungary, Bulgaria, Romania, the Baltics and the East Adriatic countries.
Developed markets include the entire North America region, the Europe region excluding the countries included in the emerging markets definition, and Australia, New Zealand and Japan from the Asia, Middle East and Africa region.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any projections of earnings, revenue or other financial items; any statements of the plans, strategies and objectives of management, including for future operations, capital expenditures or share repurchases; any statements concerning proposed new products, services, or developments; any statements regarding future economic conditions or performance; any statements of belief or expectation; and any statements of assumptions underlying any of the foregoing or other future events. Forward-looking statements may include, among others, the words, and variations of the words, “will,” “may,” “expect,” “would,” “could,” “might,” “intend,” “plan,” “believe,” “likely,” “estimate,” “anticipate,” “objective,” “predict,” “project,” “drive,” “seek,” “aim,” “target,” "remain," “potential,” “commitment,” “outlook,” “continue” or any other similar words
Although we believe that the expectations reflected in any of our forward-looking statements are reasonable, actual results or outcomes could differ materially from those projected or assumed in any of our forward-looking statements. Our future financial condition and results of operations, as well as any forward-looking statements, are subject to change and to inherent risks and uncertainties, many of which are beyond our control and are amplified by ongoing macroeconomic volatility and uncertainty, including current and potential trade and tariff actions affecting the countries where we operate. Important factors that could cause our actual results or performance to differ materially from those contained in or implied by our forward-looking statements include, but are not limited to, the following:
weakness and/or volatility in macroeconomic conditions in our markets, including as a result of inflation (and related monetary policy actions by governments in response to inflation) and the instability of certain financial institutions;risks from operating globally including geopolitical, trade, tariff and regulatory uncertainties affecting developed and emerging markets;volatility of cocoa and other commodity input costs, our ability to effectively hedge such costs and the availability of commodities;geopolitical uncertainty, including the impact of ongoing or new developments in Ukraine and the Middle East, related current and future sanctions imposed by governments and other authorities and related impacts, including on our business operations, employees, reputation, brands, financial condition and results of operations;competition and our response to channel shifts and pricing and other competitive pressures;pricing actions and customer and consumer responses to such actions;promotion and protection of our reputation and brand image;weakness in consumer spending and/or changes in consumer preferences and demand, including evolving health and wellness trends, and our ability to predict, identify, interpret and meet these changes;the outcome and effects on us of legal and tax proceedings and government investigations;use of information technology and third party service providers;unanticipated disruptions to our business, such as malware incidents, cyberattacks or other security breaches, and supply, commodity, labor and transportation constraints;our ability to identify, complete, manage and realize the full extent of the benefits, cost savings, efficiencies and/or synergies presented by strategic acquisitions and other transactions as well as other strategic initiatives, such as our ERP System Implementation program;our investments and our ownership interests in those investments;restructuring actions and other transformation initiatives not yielding the anticipated benefits;changes in the assumptions on which restructuring actions or other transformation initiatives are based;the impact of climate change on our supply chain and operations;global or regional health pandemics or epidemics;consolidation of retail customers and competition with retailer and other economy brands;changes in our relationships with customers, suppliers or distributors;management of our workforce and shifts in labor availability or labor costs;compliance with legal, regulatory, tax and benefit laws and related changes, claims or actions, including evolving and potentially inconsistent federal, state, local and foreign requirements regarding food ingredients, additives, labeling and marketing;perceived or actual product quality issues or product recalls, or changing consumer, media, governmental or scientific perceptions of our products or their ingredients;failure to maintain effective internal control over financial reporting or disclosure controls and procedures;our ability to protect our intellectual property and intangible assets;tax matters including changes in tax laws and rates, disagreements with taxing authorities and imposition of new taxes;changes in currency exchange rates, controls and restrictions;volatility of and access to capital or other markets, interest rates, the effectiveness of our cash management programs and our liquidity;pension costs;significant changes in valuation factors that may adversely affect our impairment testing of goodwill and intangible assets; andthe risks and uncertainties, as they may be amended from time to time, set forth in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent Quarterly Reports on Form 10-Q. There may be other factors not presently known to us or which we currently consider to be immaterial that could cause our actual results to differ materially from those projected in any forward-looking statements we make. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this press release except as required by applicable law or regulation. In addition, historical, current and forward-looking sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future.
Schedule 1Mondelēz International, Inc. and SubsidiariesCondensed Consolidated Statements of Earnings(in millions of U.S. dollars and shares, except per share data)(Unaudited) For the Three Months
Ended June 30, For the Six Months
Ended June 30, 2026 2025 2026 2025 Net revenues$9,355 $8,984 $19,435 $18,297 Cost of sales (5,369) (6,047) (12,646) (12,930) Gross profit 3,986 2,937 6,789 5,367 Selling, general and administrative expenses (2,001) (1,725) (3,917) (3,436)Asset impairment and exit costs (13) (2) (66) (4)Gain on divestiture - - 1 - Amortization of intangible assets (26) (38) (53) (75) Operating income 1,946 1,172 2,754 1,852 Benefit plan non-service income/(expense) 27 (264) 58 (246)Interest and other expense, net (74) (53) (138) (206) Earnings before income taxes 1,899 855 2,674 1,400 Income tax provision (364) (230) (592) (384)Loss on equity method investment transactions - - (3) - Equity method investment net earnings 17 19 37 35 Net earnings 1,552 644 2,116 1,051 less: Noncontrolling interest earnings (4) (3) (8) (8) Net earnings attributable to Mondelēz International$1,548 $641 $2,108 $1,043 Per share data: Basic earnings per share attributable to Mondelēz International$1.21 $0.49 $1.64 $0.80 Diluted earnings per share attributable to Mondelēz International$1.20 $0.49 $1.64 $0.80 Schedule 2Mondelēz International, Inc. and SubsidiariesCondensed Consolidated Balance Sheets(in millions of U.S. dollars)(Unaudited) June 30, December 31, 2026 2025 ASSETS Cash and cash equivalents$1,716 $2,125 Trade receivables 4,010 3,903 Other receivables 998 955 Inventories 4,405 4,419 Other current assets 1,809 1,549 Total current assets 12,938 12,951 Property, plant and equipment, net 10,649 10,667 Operating lease right-of-use assets 732 731 Goodwill 24,180 24,336 Intangible assets, net 19,509 19,628 Prepaid pension assets 1,251 1,220 Deferred income taxes 184 336 Equity method investments 619 667 Other assets 1,185 951 TOTAL ASSETS$71,247 $71,487 LIABILITIES Short-term borrowings$2,327 $2,688 Current portion of long-term debt 2,663 1,295 Accounts payable 9,411 10,139 Accrued marketing 2,612 2,787 Accrued employment costs 875 1,000 Other current liabilities 3,705 3,955 Total current liabilities 21,593 21,864 Long-term debt 16,460 17,222 Long-term operating lease liabilities 609 599 Deferred income taxes 3,539 3,530 Accrued pension costs 370 422 Accrued postretirement health care costs 72 74 Other liabilities 1,912 1,885 TOTAL LIABILITIES 44,555 45,596 EQUITY Common Stock - - Additional paid-in capital 32,333 32,322 Retained earnings 37,233 36,413 Accumulated other comprehensive losses (11,283) (11,364)Treasury stock (31,644) (31,533)Total Mondelēz International Shareholders' Equity 26,639 25,838 Noncontrolling interest 53 53 TOTAL EQUITY 26,692 25,891 TOTAL LIABILITIES AND EQUITY$71,247 $71,487 Schedule 3Mondelēz International, Inc. and SubsidiariesCondensed Consolidated Statements of Cash Flows(in millions of U.S. dollars)(Unaudited) For the Six Months Ended June 30, 2026 2025 CASH PROVIDED BY/(USED IN) OPERATING ACTIVITIES Net earnings$2,116 $1,051 Adjustments to reconcile net earnings to operating cash flows: Depreciation and amortization 693 663 Stock-based compensation expense 87 65 Deferred income tax provision/(benefit) 149 (69)Asset impairments and accelerated depreciation 10 9 Gain on divestiture (1) - Loss on equity method investment transactions 3 - Equity method investment net earnings (37) (35)Distributions from equity method investments 44 44 Unrealized (gain)/loss on derivative contracts (509) 800 Contingent consideration adjustments 3 (38)Other non-cash items, net (5) 105 Changes in assets and liabilities, net of acquisitions and divestitures: Receivables, net (424) 536 Inventories (16) (775)Accounts payable (538) (177)Other current assets 142 108 Other current liabilities (296) (1,125)Change in pension and postretirement assets and liabilities, net (99) 238 Net cash provided by operating activities 1,322 1,400 CASH PROVIDED BY/(USED IN) INVESTING ACTIVITIES Capital expenditures (654) (582)Acquisitions, net of cash received - (15)Proceeds from divestitures 1 4 Proceeds from derivative settlements 179 19 Payments for derivative settlements (270) (55)Proceeds from investments 25 30 Proceeds from sale of property, plant and equipment and other 3 8 Net cash used in investing activities (716) (591)CASH PROVIDED BY/(USED IN) FINANCING ACTIVITIES Issuance of Commercial paper, maturities greater than 90 days 1,584 - Repayments of commercial paper, maturities greater than 90 days (587) - Net (repayment)/issuance of short-term borrowings (1,313) 1,589 Long-term debt proceeds 1,074 1,594 Long-term debt repayments (304) (1,242)Repurchases of Common Stock (212) (1,653)Dividends paid (1,287) (1,233)Other 6 83 Net cash used in financing activities (1,039) (862)Effect of exchange rate changes on cash, cash equivalents and restricted cash (3) 240 Cash, cash equivalents and restricted cash: (Decrease)/increase (436) 187 Balance at beginning of period 2,195 1,400 Balance at end of period$1,759 $1,587 Mondelēz International, Inc. and Subsidiaries
Reconciliation of GAAP and Non-GAAP Financial Measures
(Unaudited)
NON-GAAP FINANCIAL MEASURES
In discussing its financial results and guidance, the company presents the following financial measures that are not in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”): Organic Net Revenue growth, Adjusted Gross Profit, Adjusted Operating Income, Adjusted Segment Operating Income, Adjusted Earnings Per Share (“EPS”) and Free Cash Flow. The company also presents financial information, including certain of these non-GAAP financial measures, on a constant currency basis.
Management uses non-GAAP financial measures internally to make operating and strategic decisions, including the preparation of our annual operating plan, evaluation of business performance and as a factor in determining incentive compensation. The company believes that non-GAAP financial measures, when used in connection with results reported in accordance with U.S. GAAP, provide additional information to facilitate comparisons of our historical operating results and to enable a more comprehensive understanding of trends in our underlying operating results. The company also believes that presenting these measures allows investors to view our performance using the same measures that management and our Board of Directors use in evaluating the company’s business performance and trends. However, non-GAAP financial measures should be considered in addition to, and not as substitutes for, financial information prepared in accordance with U.S. GAAP. In addition, the company’s non-GAAP financial measures may not be the same as or comparable to similar non-GAAP measures presented by other companies.
DEFINITIONS OF THE COMPANY’S NON-GAAP FINANCIAL MEASURES
The company’s primary non-GAAP financial measures and corresponding metrics, listed below, reflect how we evaluate our current and prior year operating results. As new events or circumstances arise, these definitions could change. When these definitions change, the company provides the updated definitions and presents the related non-GAAP historical results on a comparable basis. When items no longer impact the company’s current or future presentation of non-GAAP operating results, the company removes these items from its non-GAAP definitions.
“Organic Net Revenue” is defined as net revenues (the most comparable U.S. GAAP financial measure) excluding, when they occur, the impacts of acquisitions, divestitures and currency-related items. The company believes that Organic Net Revenue reflects the underlying growth from the ongoing activities of our business and provides improved comparability of results. Organic Net Revenue growth is presented on a consolidated basis, for each of our segments and for our emerging markets and developed markets.
“Adjusted Gross Profit” is defined as gross profit (the most comparable U.S. GAAP financial measure) excluding, when they occur, the impacts of: restructuring charges, certain acquisition-related items, certain divestiture-related items, mark-to-market impacts from commodity and foreign currency derivative contracts economically hedging forecasted transactions, incremental costs due to geopolitical conflicts and certain operating costs from the ERP System Implementation program. The company also presents Adjusted Gross Profit margin, which is subject to the same adjustments as Adjusted Gross Profit. The company also evaluates growth in the company’s Adjusted Gross Profit on a constant currency basis.
“Adjusted Operating Income” and “Adjusted Segment Operating Income” are defined as operating income or segment operating income (the most comparable U.S. GAAP financial measures) excluding, when they occur, the impacts of the items listed in the Adjusted Gross Profit definition as well as goodwill and intangible asset impairment charges, remeasurement of net monetary position of highly inflationary countries; resolution of tax matters and operating costs from the ERP System Implementation program. The company also presents Adjusted Operating Income margin and Adjusted Segment Operating Income margin, which are subject to the same adjustments as Adjusted Operating Income and Adjusted Segment Operating Income. The company also evaluates growth in the company’s Adjusted Operating Income and Adjusted Segment Operating Income on a constant currency basis.
“Adjusted EPS” is defined as diluted EPS attributable to Mondelēz International (the most comparable U.S. GAAP financial measure) excluding, when they occur, the impacts of the items listed in the Adjusted Operating Income definition, as well as pension participation changes, initial impacts from enacted tax law changes and gains or losses on equity method investment transactions. The tax impacts of the items excluded from the company’s U.S. GAAP results were computed based on the facts and tax assumptions associated with each item, and such impacts have also been excluded from Adjusted EPS. The company also evaluates growth in the company’s Adjusted EPS on a constant currency basis.
“Free Cash Flow” is defined as net cash provided by operating activities (the most comparable U.S. GAAP financial measure) less capital expenditures. Free Cash Flow is the company’s primary measure used to monitor its cash flow performance.
See the attached schedules for supplemental financial data and corresponding reconciliations of the non-GAAP financial measures referred to above to the most comparable U.S. GAAP financial measures for the three and six months ended June 30, 2026 and June 30, 2025. See Items Impacting Comparability of Operating Results below for more information about the items referenced in these definitions that specifically impacted the company’s results.
SEGMENT OPERATING INCOME
The company uses segment operating income to evaluate segment performance and allocate resources. The company believes it is appropriate to disclose this measure to help investors analyze segment performance and trends. Segment operating income excludes certain mark-to-market impacts on commodity and foreign currency derivatives (which are primarily a component of cost of sales), general corporate expenses (which are a component of selling, general and administrative expenses), amortization of intangibles, gains and losses on divestitures and acquisition-related costs (which are a component of selling, general and administrative expenses) in all periods presented. The company excludes these items from segment operating income in order to provide better transparency of its segment operating results. Furthermore, the company centrally manages benefit plan non-service income and interest and other expense, net. The company does not present the items above by segment because they are excluded from the segment profitability measure that management reviews.
ITEMS IMPACTING COMPARABILITY OF FINANCIAL RESULTS
The company considers quantitative and qualitative factors in assessing whether to adjust for the impact of items that may be significant or that could affect an understanding of its ongoing financial and business performance and trends. The company identifies these based on how management views the company’s business; makes financial, operating and planning decisions; and evaluates the company’s ongoing performance. The below items are adjusted for in the company’s non-GAAP financial measures to better facilitate comparisons of its underlying performance across periods, as they are highly variable or unusual and of a size that may substantially impact its reported operations for a period. In addition, the company discloses the impact of currency-related items on its financial results to reflect results on a constant currency basis. See below for a description of adjustments to the company’s U.S. GAAP financial measures included herein.
Restructuring charges – Beginning in the fourth quarter of 2025, the company initiated new restructuring actions to reduce its cost structure and streamline its operations. The charges associated with those actions primarily relate to severance and other implementation costs. The company completed its previous Simplify to Grow Program in 2024. Following the completion of that earlier restructuring program, any adjustments to the liabilities for previously recorded charges, which were immaterial for each period presented, continue to be reflected within this item.
Mark-to-market impacts from derivatives – The company excludes unrealized gains and losses (mark-to-market impacts) from commodity and foreign currency derivative contracts economically hedging forecasted transactions from its non-GAAP earnings measures. The mark-to-market impacts of those derivatives are excluded until the related gains or losses are realized. Since the company purchases commodity and foreign currency derivative contracts to mitigate price volatility primarily for inventory requirements in future periods, the company makes this adjustment to remove the volatility of these future inventory purchases on current operating results to facilitate comparisons of its underlying operating performance across periods.
Acquisition-related items – Includes acquisition-related costs, acquisition integration costs, contingent consideration adjustments, inventory step-ups and gains from acquisitions. Acquisition-related costs include third-party advisor, investment banking and legal fees. Acquisition integration costs include costs related to the integration of operations from acquisitions. Contingent consideration adjustments include any changes made to contingent compensation liabilities for earn-outs related to acquisitions that do not relate to recurring employee compensation expense. Other acquisition-related items include incremental costs from inventory step-ups associated with acquired companies related to the fair market valuation of the acquired inventory and acquisition gains from the remeasurement of an existing noncontrolling investment to fair value when the company acquires the remaining equity shares of the investee.
Divestiture-related items – Includes operating results from divestitures, divestiture-related costs and gains or losses on divestitures. Divestitures may include sales of businesses, exits of major product lines upon completion of a sale or licensing agreement, or sales of equity method investments. Divestiture-related costs include costs incurred in relation to the preparation and completion of divestiture transactions (including one-time costs such as severance related to the elimination of stranded costs) as well as costs incurred associated with publicly announced processes to sell businesses.
Incremental costs due to geopolitical conflicts – Reflects impacts related to the ongoing conflicts in the Middle East and Ukraine. Includes costs related to transportation surcharges, evacuation costs and committed compensation.
ERP System Implementation costs – The company’s ERP System Implementation program is being implemented by region in several phases with spending continuing over the next three years, with expected completion by year-end 2028. The operating expenses associated with the ERP System Implementation represent incremental transformational costs above the normal ongoing level of spending on information technology to support operations. These expenses include third-party consulting fees, direct labor costs associated with the program, accelerated depreciation of the company's existing SAP financial systems and various other expenses, all associated with the implementation of the company's information technology upgrades.
Remeasurement of net monetary position of highly inflationary countries – The company’s operations in Argentina, Türkiye, Egypt and Nigeria are currently accounted for as highly inflationary. The company excludes remeasurement gains and losses of the monetary assets and liabilities of its subsidiaries in highly inflationary economies and the realized gains and losses from derivatives that mitigate the foreign currency volatility related to the remeasurement of the respective net monetary assets or liabilities from its non-GAAP earnings measures.
Pension participation changes – Consists of the charges incurred, primarily gains or losses from pension curtailments and settlements, including settlement losses from full or partial buyouts of the company's pension plans, as well as costs incurred when employee groups are withdrawn from multiemployer pension plans. The company excludes these charges from its non-GAAP results because those amounts do not reflect the company's ongoing pension obligations.
Initial impacts from enacted tax law changes – Initial impacts from enacted tax law changes include items such as the remeasurement of deferred tax balances and transition taxes from tax reforms. We exclude initial impacts from enacted tax law changes from our non-GAAP financial measures as they do not reflect our ongoing tax obligations under the enacted tax law.
Gains and losses on equity method investment transactions – The company excludes gains and losses from partial or full sales of equity method investments as well as impairments or other non-routine transactions related to those investments.
Currency-related items – Management also evaluates the operating performance of the company and its international subsidiaries on a constant currency basis. The company's non-GAAP measures presented on a constant currency basis exclude the effects of currency translation rate changes and extreme pricing increases in Argentina.
Currency translation rate changes – the company determines its constant currency operating results by dividing or multiplying, as appropriate, the current period local currency operating results by the currency exchange rates used to translate the company’s financial statements in the comparable prior year period to determine what the current-period U.S. dollar operating results would have been if the currency exchange rates had not changed from the comparable prior year period. Therefore, currency translation rate changes are equal to current period local currency operating results multiplied by the change in average foreign currency exchange rates between the current fiscal period and the corresponding period of the prior fiscal year.Extreme Pricing – during December 2023, the Argentinean peso significantly devalued. The peso's devaluation and potential resulting distortion on the company's non-GAAP Organic Net Revenue, Organic Net Revenue growth and other constant currency growth rate measures resulted in the company's decision to exclude the impact of pricing increases in excess of 26% year-over-year ("extreme pricing") in Argentina, from these measures beginning in the first quarter of 2024. The benchmark of 26% represents the minimum annual inflation rate for each year over a 3-year period which would result in a cumulative inflation rate in excess of 100%, the level at which an economy is considered hyperinflationary under U.S. GAAP. OUTLOOK
The company’s Organic Net Revenue growth, Adjusted EPS growth on a constant currency basis, Adjusted Interest Expense, Adjusted Effective Tax Rate and Free Cash Flow for full-year 2026 are non-GAAP financial measures that exclude or otherwise adjust for items impacting comparability of financial results such as the impact of changes in currency exchange rates, intangible asset impairment charges, acquisitions and divestitures. Because GAAP financial measures on a forward-looking basis are not accessible and reconciling information is not available without unreasonable effort, the company has not provided that information with regard to the non-GAAP financial measures in the outlook. The company is not able to reconcile its projected Organic Net Revenue growth to its projected reported net revenue growth for the full-year 2026 because the company is unable to predict during this period the impacts from potential acquisitions or divestitures, as well as the impact of currency translation due to the unpredictability of future changes in currency exchange rates, which could be material as a significant portion of the company’s operations are outside the U.S. The company is not able to reconcile the projected Adjusted EPS growth on a constant currency basis, Adjusted Interest Expense and Adjusted Effective Tax Rate to the company's projected reported diluted EPS growth, reported interest and other expense, net, and reported effective tax rate, respectively, for full-year 2026 due to several factors, which could include: the company's ability to predict during this period mark-to-market impacts from commodity and foreign currency derivative contracts, impacts of any impairment charges that may arise in a future period and impacts from potential acquisitions or divestitures as well as the impact of currency translation due to the unpredictability of future changes in currency exchange rates, which could be material as a significant portion of the company's operations are outside the U.S. The company is not able to reconcile the projected Free Cash Flow to the projected net cash from operating activities for full-year 2026 because the company is unable to predict during this period the timing and amount of capital expenditures impacting cash flow. Therefore, because of the uncertainty and variability of the nature and amounts of future adjustments, which could be significant, the company is unable to provide a reconciliation of these measures without unreasonable effort.
Schedule 4
Mondelēz International, Inc. and SubsidiariesReconciliation of GAAP to Non-GAAP MeasuresNet Revenues(in millions of U.S. dollars)(Unaudited) Latin America AMEA Europe North America Mondelēz International Emerging Markets Developed MarketsFor the Three Months Ended June 30, 2026 Reported (GAAP)$1,374 $1,971 $3,377 $2,633 $9,355 $3,909 $5,446 Currency-related items (80) (21) (83) 1 (183) (111) (72)Organic (Non-GAAP)$1,294 $1,950 $3,294 $2,634 $9,172 $3,798 $5,374 For the Three Months Ended June 30, 2025 Reported (GAAP)$1,194 $1,821 $3,412 $2,557 $8,984 $3,638 $5,346 Divestitures - - - (10) (10) - (10)Organic (Non-GAAP)$1,194 $1,821 $3,412 $2,547 $8,974 $3,638 $5,336 % Change - Reported (GAAP) 15.1% 8.2% (1.0)% 3.0% 4.1% 7.4% 1.9%Divestitures- pp - pp - pp 0.4 pp 0.1 pp - pp 0.2 ppCurrency-related items (6.7) (1.1) (2.5) - (2.0) (3.0) (1.4)% Change - Organic (Non-GAAP) 8.4% 7.1% (3.5)% 3.4% 2.2% 4.4% 0.7% Vol/Mix0.5 pp 5.2 pp (2.1)pp 1.2 pp 0.7 pp 1.6 pp - ppPricing 7.9 1.9 (1.4) 2.2 1.5 2.8 0.7 Latin America AMEA Europe North America Mondelēz International Emerging Markets Developed MarketsFor the Six Months Ended June 30, 2026 Reported (GAAP)$2,722 $4,275 $7,248 $5,190 $19,435 $8,058 $11,377 Currency-related items (164) (81) (427) (10) (682) (304) (378)Organic (Non-GAAP)$2,558 $4,194 $6,821 $5,180 $18,753 $7,754 $10,999 For the Six Months Ended June 30, 2025 Reported (GAAP)$2,397 $3,837 $6,962 $5,101 $18,297 $7,361 $10,936 Divestitures - - - (21) (21) - (21)Organic (Non-GAAP)$2,397 $3,837 $6,962 $5,080 $18,276 $7,361 $10,915 % Change - Reported (GAAP) 13.6% 11.4% 4.1% 1.7% 6.2% 9.5% 4.0%Divestitures- pp - pp - pp 0.5 pp 0.1 pp - pp 0.2 ppCurrency-related items (6.9) (2.1) (6.1) (0.2) (3.7) (4.2) (3.4)% Change - Organic (Non-GAAP) 6.7% 9.3% (2.0)% 2.0% 2.6% 5.3% 0.8% Vol/Mix(1.3)pp 5.5 pp (2.7)pp 0.4 pp 0.1 pp 1.0 pp (0.5)ppPricing 8.0 3.8 0.7 1.6 2.5 4.3 1.3 Schedule 5a
Mondelēz International, Inc. and SubsidiariesReconciliation of GAAP to Non-GAAP MeasuresGross Profit / Operating Income(in millions of U.S. dollars)(Unaudited) Gross Profit Operating IncomeFor the Three Months Ended June 30, 2026Mondelēz International Latin America AMEA Europe North America Unrealized G/(L) on Hedging Activities General Corporate Expenses Amortization of Intangibles Other Items Mondelēz InternationalReported (GAAP)$3,986 $166 $254 $382 $431 $827 $(88) $(26) $- $1,946 Restructuring charges - 3 - 3 2 - 1 - - 9 Mark-to-market (gains)/losses from derivatives (827) - - - - (827) - - - (827)Acquisition-related items 1 - 11 1 - - 1 - - 13 Incremental costs due to geopolitical conflicts 11 - 11 - - - - - - 11 ERP System Implementation costs 10 19 2 9 29 - - - - 59 Remeasurement of net monetary position 1 4 4 4 - - (1) - - 11 Adjusted (Non-GAAP)$3,182 $192 $282 $399 $462 $- $(87) $(26) $- $1,222 Currency-related items (58) (12) (1) (6) - - 1 1 - (17)Adjusted @ Constant FX (Non-GAAP)$3,124 $180 $281 $393 $462 $- $(86) $(25) $- $1,205 % Change - Reported (GAAP) 35.7% 24.8% (6.3)% (25.7)% (5.1)% n/m (27.5)% 31.6% n/m 66.0%% Change - Adjusted (Non-GAAP) 4.9% 26.3% 0.0% (21.8)% 4.3% n/m (31.8)% 31.6% n/m (4.8)%% Change - Adjusted @ Constant FX (Non-GAAP) 3.0% 18.4% (0.4)% (22.9)% 4.3% n/m (30.3)% 34.2% n/m (6.1)% Reported Margin % 42.6% 12.1% 12.9% 11.3% 16.4% 20.8%Reported Margin pp change9.9 pp 1.0 pp (2.0) pp (3.8) pp (1.4) pp 7.8 ppAdjusted Margin % 34.0% 14.0% 14.3% 11.8% 17.5% 13.1%Adjusted Margin pp change0.2 pp 1.3 pp (1.2) pp (3.1) pp 0.1 pp (1.2) pp Gross Profit Operating IncomeFor the Three Months Ended June 30, 2025Mondelēz International Latin America AMEA Europe North America Unrealized G/(L) on Hedging Activities General Corporate Expenses Amortization of Intangibles Other Items Mondelēz InternationalReported (GAAP)$2,937 $133 $271 $514 $454 $(93) $(69) $(38) $- $1,172 Restructuring charges (1) - - (3) - - (1) - - (4)Mark-to-market (gains)/losses from derivatives 93 - - - - 93 - - - 93 Acquisition-related items (1) 2 13 - (37) - 1 - - (21)Divestiture-related items - - - (4) - - 1 - - (3)Incremental costs due to geopolitical conflicts - - - 1 - - - - - 1 ERP System Implementation costs 5 14 (2) (2) 26 - 1 - - 37 Remeasurement of net monetary position (1) 3 - 4 - - 1 - - 8 Adjusted (Non-GAAP)$3,032 $152 $282 $510 $443 $- $(66) $(38) $- $1,283 Reported Margin % 32.7% 11.1% 14.9% 15.1% 17.8% 13.0%Adjusted Margin % 33.8% 12.7% 15.5% 14.9% 17.4% 14.3% Schedule 5b
Mondelēz International, Inc. and SubsidiariesReconciliation of GAAP to Non-GAAP MeasuresGross Profit / Operating Income(in millions of U.S. dollars)(Unaudited) Gross Profit Operating IncomeFor the Six Months Ended June 30, 2026Mondelēz International Latin America AMEA Europe North America Unrealized G/(L) on Hedging Activities General Corporate Expenses Amortization of Intangibles Other Items Mondelēz InternationalReported (GAAP)$6,789 $315 $580 $676 $815 $554 $(134) $(53) $1 $2,754 Restructuring charges - 3 - 46 6 - 1 - - 56 Mark-to-market (gains)/losses from derivatives (554) - - - - (554) - - - (554)Acquisition-related items - 1 16 2 (12) - - - - 7 Divestiture-related items - - - - - - - - (1) (1)Incremental costs due to geopolitical conflicts 18 - 17 1 - - - - - 18 ERP System Implementation costs 20 35 3 21 53 - (4) - - 108 Remeasurement of net monetary position - 3 3 10 - - - - - 16 Adjusted (Non-GAAP)$6,273 $357 $619 $756 $862 $- $(137) $(53) $- $2,404 Currency-related items (208) (28) (15) (44) (1) - - 2 - (86)Adjusted @ Constant FX (Non-GAAP)$6,065 $329 $604 $712 $861 $- $(137) $(51) $- $2,318 % Change - Reported (GAAP) 26.5% 15.8% (5.5)% (30.7)% (13.2)% n/m (19.6)% 29.3% n/m 48.7%% Change - Adjusted (Non-GAAP) 2.1% 18.6% (4.0)% (23.2)% (5.8)% n/m (21.2)% 29.3% n/m (9.5)%% Change - Adjusted @ Constant FX (Non-GAAP) (1.2)% 9.3% (6.4)% (27.6)% (5.9)% n/m (21.2)% 32.0% n/m (12.8)% Margin Reported % 34.9% 11.6% 13.6% 9.3% 15.7% 14.2%Margin Reported pp change5.6 pp 0.3 pp (2.4) pp (4.7) pp (2.7) pp 4.1 ppMargin Adjusted % 32.3% 13.1% 14.5% 10.4% 16.6% 12.4%Margin Adjusted pp change(1.3) pp 0.5 pp (2.3) pp (3.7) pp (1.4) pp (2.1) pp Gross Profit Operating IncomeFor the Six Months Ended June 30, 2025Mondelēz International Latin America AMEA Europe North America Unrealized G/(L) on Hedging Activities General Corporate Expenses Amortization of Intangibles Other Items Mondelēz InternationalReported (GAAP)$5,367 $272 $614 $976 $939 $(762) $(112) $(75) $- $1,852 Restructuring charges (1) (1) - (4) - - (1) - - (6)Mark-to-market (gains)/losses from derivatives 766 - - - - 762 - - - 762 Acquisition-related items (2) 5 27 - (61) - - - - (29)Divestiture-related items (1) - - (7) (1) - - - - (8)Incremental costs due to geopolitical conflicts - - - 1 - - - - - 1 ERP System Implementation costs 13 22 3 8 38 - (1) - - 70 Remeasurement of net monetary position (1) 3 1 10 - - 1 - - 15 Adjusted (Non-GAAP)$6,141 $301 $645 $984 $915 $- $(113) $(75) $- $2,657 Margin Reported % 29.3% 11.3% 16.0% 14.0% 18.4% 10.1%Margin Adjusted % 33.6% 12.6% 16.8% 14.1% 18.0% 14.5% Schedule 6a
Mondelēz International, Inc. and SubsidiariesReconciliation of GAAP to Non-GAAP MeasuresTax Rate, Net Earnings and Diluted EPS(in millions of U.S. dollars and shares, except per share data)(Unaudited) For the Three Months Ended June 30, 2026Operating Income Benefit plan non-service expense / (income) Interest and other expense, net Earnings before income taxes Income taxes Effective tax rate Equity method investment transactions Equity method investment net losses / (earnings) Non-controlling interest earnings Net Earnings attributable to Mondelēz International Diluted EPS attributable to Mondelēz InternationalReported (GAAP)$1,946 $(27) $74 $1,899 $364 19.2% $- $(17) $4 $1,548 $1.20 Restructuring charges 9 - - 9 4 - - - 5 - Mark-to-market (gains)/losses from derivatives (827) - - (827) (172) - - - (655) (0.51)Acquisition-related items 13 - - 13 - - - - 13 0.01 Incremental costs due to geopolitical conflicts 11 - - 11 - - - - 11 0.01 ERP System Implementation costs 59 - - 59 15 - - - 44 0.03 Remeasurement of net monetary position 11 - - 11 - - - - 11 0.01 Pension participation changes - - (2) 2 - - - - 2 - Initial impacts from enacted tax law changes - - - - 30 - - - (30) (0.02)Gain on marketable securities - - - - 6 - - - (6) - Adjusted (Non-GAAP)$1,222 $(27) $72 $1,177 $247 21.0% $- $(17) $4 $943 $0.73 Currency-related items (25) (0.02)Adjusted @ Constant FX (Non-GAAP) $918 $0.71 Diluted Average Shares Outstanding 1,287 % Change - Reported (GAAP) 141.5% 144.9%% Change - Adjusted (Non-GAAP) (0.2)% -%% Change - Adjusted @ Constant FX (Non-GAAP) (2.9)% (2.7)% For the Three Months Ended June 30, 2025Operating Income Benefit plan non-service expense / (income) Interest and other expense, net Earnings before income taxes Income taxes Effective tax rate Equity method investment transactions Equity method investment net losses / (earnings) Non-controlling interest earnings Net Earnings attributable to Mondelēz International Diluted EPS attributable to Mondelēz InternationalReported (GAAP)$1,172 $264 $53 $855 $230 26.9% $- $(19) $3 $641 $0.49 Restructuring charges (4) - - (4) (2) - - - (2) - Mark-to-market (gains)/losses from derivatives 93 - - 93 16 - - - 77 0.06 Acquisition-related items (21) - - (21) (9) - - - (12) (0.01)Divestiture-related items (3) - - (3) - - - - (3) - Incremental costs due to geopolitical conflicts 1 - - 1 - - - - 1 - ERP System Implementation costs 37 - - 37 10 - - - 27 0.02 Remeasurement of net monetary position 8 - - 8 - - - - 8 0.01 Pension participation changes - (282) (3) 285 73 - - - 212 0.16 Initial impacts from enacted tax law changes - - - - 1 - - - (1) - Gain on marketable securities - - - - 3 - - - (3) - Adjusted (Non-GAAP)$1,283 $(18) $50 $1,251 $322 25.7% $- $(19) $3 $945 $0.73 Diluted Average Shares Outstanding 1,299 Schedule 6b
Mondelēz International, Inc. and SubsidiariesReconciliation of GAAP to Non-GAAP MeasuresTax Rate, Net Earnings and Diluted EPS(in millions of U.S. dollars and shares, except per share data)(Unaudited) For the Six Months Ended June 30, 2026Operating Income Benefit plan non-service expense / (income) Interest and other expense, net Earnings before income taxes Income taxes Effective tax rate Loss on equity method investment transactions Equity method investment net losses / (earnings) Non-controlling interest earnings Net Earnings attributable to Mondelēz International Diluted EPS attributable to Mondelēz InternationalReported (GAAP)$2,754 $(58) $138 $2,674 $592 22.1% $3 $(37) $8 $2,108 $1.64 Restructuring charges 56 - - 56 13 - - - 43 0.03 Mark-to-market (gains)/losses from derivatives (554) - - (554) (113) (1) - - (440) (0.34)Acquisition-related items 7 - - 7 (3) - - - 10 0.01 Divestiture-related items (1) - - (1) - - - - (1) - Incremental costs due to geopolitical conflicts 18 - - 18 - - - - 18 0.01 ERP System Implementation costs 108 - - 108 28 - - - 80 0.06 Remeasurement of net monetary position 16 - - 16 - - - - 16 0.01 Pension participation changes - 3 (4) 1 - - - - 1 - Initial impacts from enacted tax law changes - - - - 29 - - - (29) (0.02)Gain on marketable securities - - - - 6 - - - (6) - Loss on equity method investment transactions - - - - - (2) - - 2 - Adjusted (Non-GAAP)$2,404 $(55) $134 $2,325 $552 23.7% $- $(37) $8 $1,802 $1.40 Currency-related items (78) (0.06)Adjusted @ Constant FX (Non-GAAP) $1,724 $1.34 Diluted Average Shares Outstanding 1,286 % Change - Reported (GAAP) 102.1% 105.0%% Change - Adjusted (Non-GAAP) (5.5)% (4.8)%% Change - Adjusted @ Constant FX (Non-GAAP) (9.6)% (8.8)% For the Six Months Ended June 30, 2025Operating Income Benefit plan non-service expense / (income) Interest and other expense, net Earnings before income taxes Income taxes Effective tax rate Equity method investment transactions Equity method investment net losses / (earnings) Non-controlling interest earnings Net Earnings attributable to Mondelēz International Diluted EPS attributable to Mondelēz InternationalReported (GAAP)$1,852 $246 $206 $1,400 $384 27.4% $- $(35) $8 $1,043 $0.80 Restructuring charges (6) - - (6) (2) - - - (4) - Mark-to-market (gains)/losses from derivatives 762 - (4) 766 152 - - - 614 0.47 Acquisition-related items (29) - - (29) (14) - - - (15) (0.01)Divestiture-related items (8) - - (8) (1) - - - (7) - Incremental costs due to geopolitical conflicts 1 - - 1 - - - - 1 - ERP System Implementation costs 70 - - 70 18 - - - 52 0.04 Remeasurement of net monetary position 15 - - 15 - - - - 15 0.01 Pension participation changes - (282) (5) 287 73 - - - 214 0.16 Initial impacts from enacted tax law changes - - - - 3 - - - (3) - Gain on marketable securities - - - - 3 - - - (3) - Adjusted (Non-GAAP)$2,657 $(36) $197 $2,496 $616 24.7% $- $(35) $8 $1,907 $1.47 Diluted Average Shares Outstanding 1,301 Schedule 7
Mondelēz International, Inc. and SubsidiariesReconciliation of GAAP to Non-GAAP MeasuresNet Cash Provided by Operating Activities to Free Cash Flow(in millions of U.S. dollars)(Unaudited) For the Six Months Ended June 30, 2026 2025 $ ChangeNet Cash Provided by Operating Activities (GAAP)$1,322 $1,400 $(78)Capital Expenditures (654) (582) (72)Free Cash Flow (Non-GAAP)$668 $818 $(150) Contacts:Tracey Noe (Media)Shep Dunlap (Investors) 1-847-943-56781-847-943-5454 [email protected]@mdlz.com
Oreo boxes are displayed on a shelf in a supermarket in Sarajevo, Bosnia and Herzegovina, October 29, 2024. REUTERS/Dado Ruvic Purchase Licensing Rights, opens new tab
July 28 (Reuters) - Cadbury parent Mondelez International (MDLZ.O), opens new tab beat Wall Street estimates for second-quarter revenue and profit on Tuesday, helped by steady demand for its chocolates and biscuits.
A global cocoa surplus drove down cocoa costs, helping relieve margin pressures at Mondelez and giving it more room to lure shoppers with promotions and value packs.
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The company reported net revenue of $9.36 billion for the second quarter, compared with analysts' average estimate of $9.20 billion, according to data compiled by LSEG.
It posted quarterly adjusted profit of 73 cents, compared with the estimate of 68 cents.
Mondelez had previously said it was also broadening its zero-sugar and gluten-free Oreo ranges as customers pay closer attention to sugar consumption and nutritional choices.
The company expects annual organic net revenue to grow 2% compared with flat to up 2% forecast earlier. It, however, maintained its annual adjusted profit forecast of flat to up 5%.
Reporting by Koyena Das in Bengaluru; Editing by Shilpi Majumdar
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The Latin America market drove strength in second-quarter sales, and the Oreo and Cadbury owner now expects at least 2% growth in organic net revenue. Shares rose after-hours.
First Trust Advisors LP boosted its holdings in shares of Mondelez International, Inc. (NASDAQ:MDLZ – Free Report) by 10.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,131,640 shares of the company’s stock after purchasing an additional 103,778 shares during the quarter. First Trust Advisors LP owned approximately 0.09% of Mondelez International worth $65,228,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in Mondelez International by 0.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,173,191 shares of the company’s stock valued at $125,263,000 after acquiring an additional 15,447 shares during the last quarter. Oslo Pensjonsforsikring AS bought a new position in shares of Mondelez International during the first quarter worth about $244,000. DJE Kapital AG grew its stake in Mondelez International by 29.2% in the first quarter. DJE Kapital AG now owns 127,500 shares of the company’s stock worth $7,377,000 after purchasing an additional 28,800 shares in the last quarter. Burling Wealth Partners LLC increased its holdings in Mondelez International by 43.6% in the first quarter. Burling Wealth Partners LLC now owns 51,002 shares of the company’s stock valued at $2,940,000 after buying an additional 15,475 shares during the last quarter. Finally, Ridgepath Capital Management LLC increased its holdings in Mondelez International by 1.7% in the first quarter. Ridgepath Capital Management LLC now owns 18,831 shares of the company’s stock valued at $1,085,000 after buying an additional 315 shares during the last quarter. 78.32% of the stock is owned by institutional investors and hedge funds.
Mondelez International Stock Up 0.8% Mondelez International stock opened at $60.52 on Friday. The company has a 50-day simple moving average of $60.88 and a 200-day simple moving average of $59.23. The firm has a market capitalization of $77.69 billion, a P/E ratio of 30.11, a P/E/G ratio of 2.51 and a beta of 0.39. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.37 and a current ratio of 0.54. Mondelez International, Inc. has a one year low of $51.20 and a one year high of $70.61.
Mondelez International (NASDAQ:MDLZ – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $9.75 billion. Mondelez International had a net margin of 6.64% and a return on equity of 14.14%. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 EPS. Mondelez International has set its FY 2026 guidance at 2.920-3.060 EPS. As a group, equities analysts expect that Mondelez International, Inc. will post 3.04 earnings per share for the current year.
Mondelez International Announces Dividend The company also recently declared a quarterly dividend, which was paid on Tuesday, July 14th. Shareholders of record on Tuesday, June 30th were paid a $0.50 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. Mondelez International’s dividend payout ratio (DPR) is presently 99.50%.
Wall Street Analyst Weigh In A number of research analysts have commented on MDLZ shares. Deutsche Bank Aktiengesellschaft reduced their target price on Mondelez International from $60.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, March 30th. TD Cowen boosted their price target on Mondelez International from $65.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Bank of America upped their price target on Mondelez International from $62.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, April 10th. Freedom Capital downgraded Mondelez International from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 26th. Finally, Barclays upped their target price on Mondelez International from $67.00 to $68.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $66.44.
Check Out Our Latest Stock Report on MDLZ
About Mondelez International (Free Report)
Mondelez International is a global snacks company headquartered in Chicago, Illinois, formed in 2012 when Kraft Foods split to create a business focused on snack foods and a separate North American grocery company. Mondelez develops, manufactures, markets and distributes a broad portfolio of snack products intended for retail, foodservice and e‑commerce channels around the world.
The company’s product mix centers on biscuits and cookies, chocolate and confectionery, gum and candy, and savory crackers and baked snacks.
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SummarySnacking business Mondelēz International will report its second-quarter 2026 earnings report on Tuesday, July 28.In this update, I'll look into the metrics that matter most in MDLZ's upcoming Q2 earnings report, including pricing, volumes, and regional performance.Considering my original analysis was published 1.5 years ago, I'll give an in-depth update on Mondelēz's fundamentals.I'll point out why pricing power remains one of Mondelēz's key competitive advantages, despite the ongoing margin pressure suggesting otherwise.Finally, I'll explain why I continue adding to my position through outright purchases as well as selling out-of-the-money put options. jfmdesign/iStock Unreleased via Getty Images
Introduction It has been a long time since I wrote about the snacking company Mondelēz International, Inc. (MDLZ). With its broadly diversified exposure from both a brands and a geographic perspective, I have
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of MDLZ, HSY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Disclaimer: The contents of this article, my previous articles, and my comments are for informational purposes only and may not be considered investment and/or tax advice. I am a private investor from Europe and share my investing journey here on Seeking Alpha. I am neither a licensed investment advisor nor a licensed tax advisor. Furthermore, I am not an expert on taxes and related laws—neither in relation to the U.S. nor other geographies/jurisdictions. It is not my intention to give financial and/or tax advice, and I am in no way qualified to do so. Although I do my best to make sure that what I write is accurate and well-researched, I cannot be held responsible and accept no liability whatsoever for any errors, omissions, or consequences resulting from the enclosed information. The writing reflects my personal opinion at the time of writing. If you intend to invest in the stocks or other investment vehicles mentioned in this article—or in any investment vehicle generally—please consult your licensed investment advisor. If uncertain about tax-related implications, please consult your licensed tax advisor.
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Wall Street analysts forecast that Mondelez (MDLZ - Free Report) will report quarterly earnings of $0.67 per share in its upcoming release, pointing to a year-over-year decline of 8.2%. It is anticipated that revenues will amount to $9.21 billion, exhibiting an increase of 2.5% compared to the year-ago quarter.
The current level reflects a downward revision of 6.8% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Mondelez metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Geographic Revenue- North America' stands at $2.58 billion. The estimate suggests a change of +0.9% year over year.
Analysts' assessment points toward 'Geographic Revenue- Europe' reaching $3.50 billion. The estimate indicates a year-over-year change of +2.7%.
The consensus among analysts is that 'Geographic Revenue- AMEA' will reach $1.91 billion. The estimate indicates a change of +4.9% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenue- Latin America' of $1.30 billion. The estimate points to a change of +9.1% from the year-ago quarter.
Analysts expect 'Operating Income- AMEA- Non-GAAP' to come in at $275.68 million. Compared to the current estimate, the company reported $282.00 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Operating Income- Europe- Non-GAAP' should arrive at $425.51 million. The estimate compares to the year-ago value of $510.00 million.
Analysts forecast 'Operating Income- North America- Non-GAAP' to reach $434.14 million. The estimate compares to the year-ago value of $443.00 million.
The average prediction of analysts places 'Operating Income- Latin America- Non-GAAP' at $173.87 million. Compared to the current estimate, the company reported $152.00 million in the same quarter of the previous year.
View all Key Company Metrics for Mondelez here>>>
Shares of Mondelez have demonstrated returns of -1.4% over the past month compared to the Zacks S&P 500 composite's +0.4% change. With a Zacks Rank #3 (Hold), MDLZ is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Key Takeaways Mondelez to report second-quarter 2026 earnings on July 28, with revenue estimates of $9.22 billion.MDLZ EPS consensus stands at 67 cents, indicating an 8.2% decline year over year.MDLZ earnings may face pressure from elevated cocoa costs, inflation and higher brand spending. Mondelez International, Inc. (MDLZ - Free Report) is likely to witness top-line growth when it reports second-quarter 2026 earnings on July 28. The Zacks Consensus Estimate for revenues is pegged at $9.22 billion, indicating growth of 2.6% from the prior-year quarter’s reported figure.
The consensus mark for earnings has remained unchanged over the past 30 days at 67 cents per share, which, however, implies an 8.2% decline from the figure reported in the year-ago quarter. MDLZ has a trailing four-quarter earnings surprise of 5.4%, on average.
Factors Likely to Influence MDLZ’s Upcoming ResultsMondelez’s second-quarter performance is likely to have been supported by resilient demand across its global snacking portfolio, particularly in emerging markets, where consumer demand has remained relatively healthy. Pricing actions across several categories, coupled with continued strength in chocolate, biscuits and gum, are likely to have aided revenue growth despite mixed volume trends in certain developed markets. These factors are likely to have helped the company deliver year-over-year top-line improvement during the to-be-reported quarter.
The company’s broad geographic footprint is also likely to have remained a key strength. Emerging markets are likely to have continued driving business momentum, backed by wider distribution, strong brand execution and healthy performances across key regions. At the same time, developed markets are likely to have shown gradual stabilization, with improving retail dynamics in Europe and sequential recovery in the U.S. biscuit business strengthening the overall operating backdrop.
Mondelez’s continued focus on innovation, brand investments and channel expansion is also likely to have reinforced its competitive positioning. The company has been witnessing steady consumer demand for its well-established brands despite a challenging macro backdrop, supported by premium offerings, product innovation and a broader channel presence. Growing traction across convenience, club and e-commerce channels is also likely to have strengthened customer demand and supported market share trends.
However, profitability is likely to have remained under pressure in the upcoming quarter, as elevated cocoa costs and persistent commodity inflation continued to weigh on gross margins despite pricing actions. Higher brand-building investments and promotional spending might have further pressured operating margins, while pricing-related elasticity and package resizing initiatives are also likely to have weighed on earnings performance.
Earnings Whispers for MDLZOur proven model predicts an earnings beat for Mondelez this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is exactly the case here.
Mondelez carries a Zacks Rank #3 and has an Earnings ESP of +0.38%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks With the Favorable CombinationHere are some other companies worth considering, as our model shows that these also have the right combination of elements to beat on earnings this reporting cycle.
Archer-Daniels-Midland Company (ADM - Free Report) currently has an Earnings ESP of +12.50% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Archer-Daniels’ upcoming quarter’s EPS is pegged at $1.28, which implies a 37.6% rise year over year. The consensus estimate for ADM’s quarterly revenues is pinned at $22.4 billion, which calls for 5.7% growth from the figure reported in the prior-year quarter. ADM delivered a trailing four-quarter earnings surprise of 5.4%, on average.
Kimberly-Clark Corporation (KMB - Free Report) currently has an Earnings ESP of +2.70% and a Zacks Rank of 3. The Zacks Consensus Estimate for Kimberly-Clark’s upcoming quarterly revenues is pegged at $4.2 billion. The figure implies a 1.7% increase from the prior-year quarter.
The Zacks Consensus Estimate for Kimberly-Clark’s quarterly earnings per share is pegged at $2.00, indicating a 4.2% gain from the year-ago period figure. KMB delivered a trailing four-quarter earnings surprise of 19.1%, on average.
Monster Beverage Corporation (MNST - Free Report) currently has an Earnings ESP of +0.45% and a Zacks Rank of 3. The consensus estimate for Monster Beverage’s quarterly revenues is pinned at $2.4 billion, which implies 14.6% growth from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for the upcoming quarter’s EPS is pegged at 59 cents, which indicates a 13.5% jump year over year. MNST delivered a trailing four-quarter earnings surprise of 9.6%, on average.
Mondelez (MDLZ - Free Report) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 28. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis maker of Oreo cookies, Cadbury chocolate and Trident gum is expected to post quarterly earnings of $0.67 per share in its upcoming report, which represents a year-over-year change of -8.2%.
Revenues are expected to be $9.22 billion, up 2.6% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 6.84% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Mondelez?For Mondelez, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.38%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination indicates that Mondelez will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Mondelez would post earnings of $0.61 per share when it actually produced earnings of $0.67, delivering a surprise of +9.84%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Mondelez appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
An Industry Player's Expected ResultsAnother stock from the Zacks Food - Miscellaneous industry, Lamb Weston (LW - Free Report) , is soon expected to post earnings of $0.62 per share for the quarter ended June 2026. This estimate indicates a year-over-year change of -28.7%. Revenues for the quarter are expected to be $1.7 billion, up 1.5% from the year-ago quarter.
The consensus EPS estimate for Lamb Weston has been revised 0.4% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +3.56%.
When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Lamb Weston will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Corrections, or declines of 10% to 20% from recent highs, are normal and can occur for a variety of reasons. To the latter point, investors considering individual stocks need to assess why a particular name is in the correction "penalty box."
Inevitably, some corrections signal more bearishness to come, but there are examples of stocks pulling back from their 52-week highs, offering investors potentially compelling opportunities to get involved. Snack giant Mondelez (MDLZ +4.60%) is in the latter category.
Shares of the Ritz maker, which yield 3.3%, reside 17.4% below the 52-week high as of Tuesday, July 14. That's close to a bear market (a decline of 20% or more), but there are reasons to believe this consumer staples stock can get its groove back.
Mondelez is a dividend stock to consider buying on the dip. Image source: Getty Images.
The Fed and a cocoa conundrum If there's a bright side to the pullback experienced by Mondelez stock since notching its 52-week high, it's that the culprits are easy to understand. The big offenders are the Federal Reserve and high cocoa prices. Mondelez isn't a dedicated chocolate company, but it makes Cadbury chocolate products and Oreos, making it a major cocoa buyer.
Unfortunately, the price of that commodity is soaring, and when that happens, Mondelez passes its higher input costs on to already inflation-wary consumers. Inflation is involved in how the Fed affects high-dividend stocks like Mondelez. Rate hikes are the "blunt instruments" typically deployed by central banks to dampen high consumer and producer prices.
Often, that's problematic for high-dividend stocks. Higher interest rates usually push Treasury yields higher, prompting many income investors to favor lower-risk U.S. government debt over dividend stocks.
The June reading of the Consumer Price Index (CPI) released Tuesday fell 0.4%, the largest monthly drop since April 2020. There's still work to be done on the inflation front, but in what could be good news for Mondelez, Fed funds futures show a high probability the central bank will stand pat at its meeting later this month. Standing pat is better than a rate hike.
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Here's something else that shouldn't be overlooked regarding Mondelez: Although the stock trades well below its 52-week high, it's up year to date. Actually, it's outperforming the S&P 500 and the broader consumer staples sector, indicating that even with the cocoa and Fed headwinds, the stock has been surprisingly durable.
A healthy, tasty dividend Yes, high bond yields can be a drag on select dividend stocks, particularly those from defensive sectors, which Mondelez certainly is. However, there's something for long-term equity income investors to consider with this stock.
Not only has Mondelez boosted its payout for 14 consecutive years, but some experts see the dividend rising in the high single digits annually through 2035. It's an attainable target, particularly since the company has no debt coming due for another five years.
For the sake of argument, let's say "high-single-digit" payout growth equals 7% and core inflation remains stuck at 2.6%, as was the case last month. There are no guarantees that those scenarios will play out in unison, but the point is that Mondelez has the potential to deliver inflation-thumping dividend growth over the long term.
Partnership expansion was marked by the Zbar brand and KABOOM!'s first joint, hands-on community build, with over 100 volunteers transforming the Martin Luther King, Jr. Preschool's outdoor space
, /PRNewswire/ -- The Zbar brand, which crafts delicious snack bars and bites for active kids, today announces an extension of its two-year partnership with KABOOM!, a nonprofit committed to ending playspace inequity, to four years (2024-2028), bringing its total contribution to $1.6 million. The partnership expansion was celebrated during the Zbar brand and KABOOM!'s first joint, hands-on playground build at Martin Luther King, Jr. Preschool in Oakland, California on July 15. Over 100 volunteers from KABOOM!, the Zbar brand team, Mondelēz International, Oakland Unified School District, First 5 Alameda County and the local Oakland community came together to transform the school's outdoor space during summer break. Oakland Unified School District and First 5 Alameda County's local funding helped match this partnership's resources to make this build happen.
Employee volunteers from the Zbar brand, Mondelēz International and KABOOM! in partnership with volunteers from the Oakland Unified School District, First 5 Alameda County and the local Oakland community, came together to transform Martin Luther King, Jr. Preschool’s outdoor space. The Zbar brand and KABOOM!'s four-year partnership (2024-2028) is a national commitment to help support the creation of 20 new Nature Exploration Areas, such as the new Oakland playspace, giving about 50,000 kids new access to nature-based and climate-friendly places to play, as well as supporting four new pieces of legislation supporting outdoor recreation opportunities for kids.
Bringing Outdoor, Nature-Based Play to Oakland, California Community
On July 15, employee volunteers from the Zbar brand, Mondelēz International and KABOOM! in partnership with volunteers from the Oakland Unified School District, First 5 Alameda County and the local Oakland community, came together to transform Martin Luther King, Jr. Preschool's outdoor space into a nature-inspired "Living Schoolyard" before the school year begins.
Designed with input from students and educators, the new playspace incorporates climate-friendly, natural elements. With boulders and reclaimed tree trunks for climbing and dreaming, outdoor spaces for learning, and trees for shade and climate resilience, the finished playspace is an environment where kids' active play promotes their physical and mental health, and academic and social-emotional skills. The new playspace will provide thousands of Oakland community kids with access to a high-quality nature play area over the next decade while encouraging active play and outdoor learning.
"The Zbar brand believes kids are born with an appetite for adventure, and every child deserves the opportunity to get outside, explore and experience the many benefits of active play," said Valerie Van Arkel, Director of Marketing for Zbar at Mondelēz International. "We're proud to extend the Zbar brand partnership with KABOOM! to 2028, and celebrate together with our first joint hands-on build as we honor our shared mission to help give kids access to high-quality nature playspaces for years to come."
The Zbar brand and KABOOM!'s initiative focuses on expanding access to nature-based, climate-friendly playgrounds for communities nationwide and creating opportunities for kids to experience the physical, social-emotional benefits of outdoor play where they are needed most. Builds are created with KABOOM!'s climate-forward playground design, incorporating natural elements like trees and shade structures, and often replacing heat-retaining materials with cooler, sustainable alternatives.
"Access to outdoor play is essential to every child's health, happiness and development, yet too many kids still lack quality places to play," said Lysa Ratliff, Chief Executive Officer of KABOOM!. "This week's playground transformation in Oakland, California is an exciting milestone in our partnership with the Zbar brand and demonstrates what's possible when organizations and communities come together around a shared vision. Together, we're creating a nature-inspired space where kids can learn, play and build lasting connections with the outdoors for the Oakland community."
For more information on the Zbar brand's partnership with KABOOM!, visit clifbar.com/zbar or follow the Zbar brand on Instagram, TikTok and Facebook.
About CLIF BAR
For more than 30 years, the CLIF brand has crafted delicious food with organic ingredients under its CLIF BAR, Zbar, and LUNA brands. In 2022, the CLIF brand became part of the Mondelēz International, Inc. (Nasdaq: MDLZ), portfolio of brands empowering people to snack right in over 150 countries around the world. With 2024 net revenue of approximately $36.4 billion, Mondelēz is leading the future of snacking with other iconic global and local brands such as OREO, RITZ, belVita, LU, and TATE'S BAKE SHOP biscuits and baked snacks, as well as CADBURY DAIRY MILK, MILKA, and TOBLERONE chocolate. Mondelēz International is a proud member of the Standard and Poor's 500, Nasdaq 100, and Dow Jones Sustainability Index. For more information about the Zbar brand, please visit Clif | Mondelēz International, Inc. (mondelezinternational.com).
About KABOOM!
KABOOM! is the national nonprofit committed to ending playspace inequity – the reality that quality places to play are not available to every child, especially in communities of color. Since 1996, KABOOM! has partnered with kids, communities, and public and private partners to transform 17,000+ playspaces, expanding access to the physical, mental, and social benefits of play for more than 12 million kids nationwide. As KABOOM! celebrates its 30th year, the organization is focused on community-driven solutions through public-private partnerships, research, policy, and advocacy to elevate the current state of our kids and center youth voice in shaping equitable access to playspaces and nature. Together with partners across sectors, KABOOM! is building the play infrastructure kids need to grow up happy and healthy for generations to come. Learn more at kaboom.org or join the conversation on Facebook, Instagram, and LinkedIn.
In this bonus episode of The Morning Filter podcast, co-hosts Dave Sekera and Susan Dziubinski talk dividend stock investing. They unpack the performance of dividend stocks during the first half of 2026, including how the performance of dividend stocks stacked up against that of the broad market and which sectors drove the performance.
For Immediate ReleaseChicago, IL – July 15, 2026 – Today, Zacks Equity Research Mondelez International, Inc. (MDLZ - Free Report) , Sysco Corp. (SYY - Free Report) , United Natural Foods, Inc. (UNFI - Free Report) and Mama's Creations, Inc. (MAMA - Free Report) .
The Zacks Food-Miscellaneous industry continues to face a challenging environment as elevated living costs and cautious consumer spending drive demand for value-oriented and private-label products. Uneven foodservice demand, coupled with intense promotional activity, has pressured sales volumes and limited pricing flexibility, creating a competitive landscape for food companies.
Despite these headwinds, companies are investing in product innovation, supply-chain modernization and operational efficiencies to strengthen profitability and competitiveness. Growing demand for health-focused and convenience-oriented foods is also creating new opportunities. Mondelez International, Inc., Sysco Corp., United Natural Foods, Inc. and Mama's Creations, Inc. are well positioned to capitalize on these trends.
About the IndustryThe Zacks Food-Miscellaneous industry consists of companies that manufacture and sell a wide range of food and packaged food items, such as cereals, flour, sauces, bakery items, spices and condiments, natural and organic food items and frozen products. Some companies also provide comfort food items, such as chocolates and ready-to-serve meals, soups and snacks. A few players are engaged in providing pet food products and supplements.
Several food companies also offer organic and natural products. Companies operating in this space sell their products mainly through wholesalers, distributors, large retail organizations, grocery chains, mass merchandisers, drug stores and e-commerce service providers. Some also cater to foodservice channels, including restaurants, cafes and hotels. Others offer services to schools, hospitals and industry caterers.
Major Trends Shaping the Future of the Food IndustryValue-Conscious Consumer Behavior Pressures Demand: Consumer spending patterns remain pressured, with shoppers increasingly prioritizing value and affordability in everyday food purchases. Elevated living costs continue to accelerate the shift toward private-label and lower-priced alternatives, creating volume pressure for branded food manufacturers. Foodservice demand has also remained uneven as consumers moderate dining frequency and increasingly favor at-home consumption. These dynamics have intensified promotional activity and competition across categories, weighing on organic volume growth and limiting pricing flexibility for several industry participants.
Persistent Cost Inflation Pressures Margins: Food companies continue to face elevated costs across raw materials, labor, packaging and transportation. Although prior pricing actions have provided partial relief, margin recovery remains uneven amid ongoing cost volatility. At the same time, companies are investing in supply-chain resilience, automation, manufacturing upgrades and operational efficiencies to strengthen long-term competitiveness. While strategically important, these initiatives have added near-term cost pressure, making profitability increasingly dependent on productivity gains, execution and disciplined expense management.
Health and Wellness Trends Drive Portfolio Innovation: Growing demand for health-focused, functional and premium food products continues to create long-term growth opportunities across the industry. Consumers remain increasingly drawn to brands offering cleaner labels, nutritional benefits and convenience-oriented solutions. In response, companies are modernizing their portfolios through product innovation, reformulation initiatives and expansion into adjacent growth categories. These efforts are helping strengthen brand relevance, support pricing resilience and position companies for more sustainable long-term growth within the Food-Miscellaneous industry.
Zacks Industry Rank Indicates Dull ProspectsThe Zacks Food-Miscellaneous industry is housed within the broader Zacks Consumer Staples sector. The industry currently carries a Zacks Industry Rank #214, which places it in the bottom 13% of more than 247 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates dull near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence about this group’s earnings growth potential. Since the beginning of May 2026, the industry’s consensus earnings estimate for the current financial year has declined 2.7%.
Let’s take a look at the industry’s performance and current valuation.
Industry vs. Broader MarketThe Zacks Food-Miscellaneous industry has underperformed the S&P 500 and the broader Zacks Consumer Staples sector over the past year.
The industry has declined 22.7% over this period against the S&P 500 and the broader sector’s growth of 24.2% and 0.6%, respectively.
Industry's Current ValuationOn the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing consumer staples stocks, the industry is currently trading at 14.41X compared with the S&P 500’s 21.23X and the sector’s 16.96X.
Over the past five years, the industry has traded as high as 19.32X and as low as 13.78X, with the median being at 16.67X.
4 Food Stocks to Keep a Close Eye OnUnited Natural Foods: This Zacks Rank #1 (Strong Buy) company is one of North America's leading grocery wholesalers, serving retailers with a broad assortment of natural, organic, fresh, specialty and conventional products. United Natural Foods continues to strengthen its position through an extensive distribution network, value-added services and private brands that help retailers differentiate their offerings.
The company remains focused on enhancing customer service, expanding digital and merchandising capabilities, modernizing its supply chain and improving operational efficiency through technology investments. United Natural Foods also continues to support retailers and suppliers with integrated solutions while maintaining disciplined cost management and productivity initiatives to drive profitable growth. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for UNFI’s current fiscal-year earnings per share (EPS) has remained unchanged at $2.52 over the past seven days. Shares of United Natural Foods have gained 109.4% over the past year.
Mama's Creations: This Zacks Rank #2 (Buy) company is a provider of fresh deli-prepared foods, offering a broad portfolio of ready-to-eat and ready-to-cook meal solutions, including meatballs, chicken, meatloaf, sausages, pasta and other prepared foods. Mama's Creations continues to strengthen its position through product innovation, an expanding manufacturing and distribution network and growing relationships with leading grocery, club and mass retail customers.
The company remains focused on enhancing operational efficiency through technology investments and supply-chain improvements while expanding its branded and private-label offerings. Mama's Creations also emphasizes disciplined execution, customer collaboration and strategic acquisitions to support sustainable growth and profitability.
The Zacks Consensus Estimate for MAMA’s current fiscal-year EPS has remained unchanged at 26 cents over the past seven days. Shares of Mama's Creations have rallied 115.2% over the past year.
Mondelez: As one of the world's leading snacking companies, this Zacks Rank #3 (Hold) stock boasts a strong portfolio of iconic brands, including Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop, along with premium chocolate brands such as Cadbury Dairy Milk, Milka and Toblerone. Mondelez continues to drive growth through its core categories, including chocolate, biscuits and baked snacks.
Strategic portfolio optimization, product innovation and strong brand activations remain key contributors to the company’s long-term growth strategy. Mondelez is also focused on enhancing brand relevance, improving operational efficiency and maintaining disciplined cost management to support profitability. In addition, the company continues to expand its presence in better-for-you and wellness-oriented snacking categories to address evolving consumer preferences.
The Zacks Consensus Estimate for Mondelez’s current financial-year EPS has fallen 0.3% to $3.05 in the past seven days. Shares of MDLZ have fallen 10.4% in the past year.
Sysco:This Zacks Rank #3 company continues to capitalize on opportunities in the expanding food-away-from-home market through its diversified foodservice distribution operations and customer-focused approach. Sysco's "Recipe for Growth" framework remains central to its business strategy, strengthening sales capabilities, supply-chain execution, digital solutions and customer engagement.
The company continues to enhance operational efficiency through technology investments, merchandising initiatives and disciplined cost management while improving service levels across its distribution network. Sysco is also expanding its reach across customer segments and distribution channels, supported by a strong sales organization and ongoing investments aimed at driving sustainable growth and profitability.
The Zacks Consensus Estimate for SYY’s current fiscal-year EPS has remained unchanged at $4.59 in the past seven days. Shares of Sysco have gained 9.2% in a year.
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July 14, 2026 16:05 ET | Source: Mondelez International, Inc.
CHICAGO, July 14, 2026 (GLOBE NEWSWIRE) -- Mondelēz International, Inc. (Nasdaq: MDLZ) will release its second quarter 2026 financial results on Tuesday, July 28, 2026, at 4:05 p.m. ET and will host a conference call at 5:00 p.m. ET that day.
Investors and analysts may participate via phone by calling (800) 347-6865 from the United States and (203) 518-9757 from other locations. To ensure timely access, participants should dial in approximately 10 minutes before the call starts. A listen-only webcast will be provided at www.mondelezinternational.com.
A replay of the conference call will be available until August 04, 2026, by calling 800-839-5130 from the United States and 402-220-2693 from other locations. The access code for both the conference call and its rebroadcast is MDLZQ226. An archive of the webcast will be available on the company's website.
About Mondelēz International
Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2025 net revenues of approximately $38.5 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit www.mondelezinternational.com or follow the company on X at x.com/MDLZ.
