Mondelez International
Makes Oreo biscuits, Cadbury Dairy Milk chocolate and other snacks for retail markets worldwide.
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Profile
Sells chocolate, biscuits, baked snacks and adjacent food and beverage products through retail and digital channels worldwide. Oreo, Cadbury Dairy Milk, Milka and other global and local brands drive sales, most of which come from outside the United States; earnings remain sensitive to cocoa and other commodity costs.
Makes and sells chocolate, biscuits and baked snacks, led by Oreo, Ritz, LU, Clif Bar, Cadbury Dairy Milk, Milka and Toblerone. Gum and candy, powdered beverages, and cheese and grocery products round out the portfolio. Sales span more than 150 countries, with most revenue generated outside the United States.
Execution combines brand investment and regional scale with local commercial teams, varied pack sizes and price points, and distribution through retailers, wholesalers, convenience outlets and digital platforms. Operations are managed through Europe, North America, Asia, Middle East and Africa, and Latin America.
Profitability depends on pricing and hedging against cocoa and other ingredient costs, while currency shifts, retailer bargaining power, private-label competition, and food labeling and marketing rules shape results across markets.
Company facts
Categories
Key statistics
Year to date +16.2% · Average volume (30d) 8.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 30, 2026 | Barclays | Reiterate | Overweight | $68 | $70 |
| Jul 29, 2026 | UBS | Reiterate | Neutral | $64 | $68 |
| Jul 29, 2026 | Coker Palmer | Target | $69 | $72 | |
| Jul 29, 2026 | BTIG | Reiterate | Buy | $70 | $73 |
| Jul 29, 2026 | Jefferies | Reiterate | Buy | $78 | $73 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.68 | $0.73 | +7.4% | $9.21B | $9.36B | +1.6% | +4.02% |
| Apr 28, 2026Q1 FY26 | $0.61 | $0.67 | +10.2% | $9.75B | $10.08B | +3.4% | +4.27% |
| Feb 3, 2026Q4 FY25 | $0.70 | $0.72 | +3.4% | $10.31B | $10.49B | +1.8% | −0.12% |
| Oct 28, 2025Q3 FY25 | $0.72 | $0.73 | +0.8% | $9.74B | $9.74B | 0.0% | −3.92% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $9.31B | $8.98B | $9.74B | $10.50B | $10.08B | $9.36B | |
| Gross profit | $2.43B | $2.94B | $2.61B | $2.96B | $2.80B | $3.99B | |
| Operating income | $680.0M | $1.17B | $744.0M | $979.0M | $860.0M | $1.95B | |
| Net income | $402.0M | $641.0M | $743.0M | $665.0M | $560.0M | $1.55B | |
| Diluted EPS | $0.31 | $0.49 | $0.57 | $0.51 | $0.43 | $1.20 | |
| Gross margin | 26.1% | 32.7% | 26.8% | 28.2% | 27.8% | 42.6% | |
| Operating margin | 7.3% | 13.0% | 7.6% | 9.3% | 8.5% | 20.8% |
Fiscal years (4-quarter sums)FY21 $28.72B · FY22 $31.50B · FY23 $36.02B · FY24 $36.44B · FY25 $38.54B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $1.72B · Total debt $22.06B · Total assets $71.25B · Shareholders' equity $26.64B
Dividends
Raised for 12 straight years — most recently to $0.50 from $0.47 in Sep 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 14 | $0.50 | |
| Mar 31, 2026 | Mar 31 | Apr 14 | $0.50 | |
| Dec 31, 2025 | Dec 31 | Jan 14 | $0.50 | |
| Sep 30, 2025 | Sep 30 | Oct 14 | $0.50 | raised from $0.47 |
| Jun 30, 2025 | Jun 30 | Jul 14 | $0.47 | |
| Mar 31, 2025 | Mar 31 | Apr 14 | $0.47 | |
| Dec 31, 2024 | Dec 31 | Jan 14 | $0.47 | |
| Sep 30, 2024 | Sep 30 | Oct 14 | $0.47 | raised from $0.425 |
Ownership
Shares outstanding 1.28B · Float 1.27B · 99.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 105.97M | 8.30% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 83.86M | 6.57% | 13F | Aug 13, 2026 |
| Capital Research Global Investors | 69.66M | 5.46% | 13F | Aug 12, 2026 |
| JPMorgan Chase & Co | 60.74M | 4.76% | 13F | Aug 12, 2026 |
| State Street Corp | 59.58M | 4.67% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Dirk van de Put | director, officer: Chief Executive Officer | −133,580 | $64.08 |
| May 1, 2026 | Brian Stevens | officer: SVP, CTR & Chief Accoun Off | −1 | $61.55 |
| Apr 30, 2026 | Brian Stevens | officer: SVP, CTR & Chief Accoun Off | −63 | $61.46 |
| Feb 13, 2026 | Gustavo Carlos Valle | officer: EVP and President, NA | −3,000 | $62.00 |
Peers
- Hershey
US chocolate leader in salty snacks and bars; head-to-head in cocoa crunch.
- PepsiCo
Frito-Lay DSD and Quaker bars contest Mondelez crackers and snack bars.
- General Mills
Largest US granola bar maker; Nature Valley and Larabar contest belVita.
- Campbell's
Pepperidge Farm crackers and cookies contest Ritz and Oreo.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Mondelez International | $62.76 | +0.66% | $79.59B | 23.0 | 19.3 | 2.0 | +4.1% |
| Hershey | $179.10 | +0.03% | $36.31B | 24.5 | 19.4 | 3.0 | +6.6% |
| PepsiCo | $141.75 | +0.48% | $192.70B | 18.5 | 16.2 | 2.0 | +6.4% |
| General Mills | $41.13 | −1.02% | $22.18B | — | 13.7 | 1.2 | +1.2% |
| Campbell's | $23.49 | +0.43% | $6.98B | 11.5 | 12.5 | 0.7 | −4.4% |
| Median | 18.5 | 14.9 | 1.6 | +3.8% |






