Mondelez International, Inc. Class A (MDLZ)

Over the past six months, Mondelez International's stock has experienced various movements. As of early February 2026, the stock price was around $59.47, showing a 10.8% return over the last 30 days and a 9.3% return over the past year. Mondelez reported solid top-line results and strong cash flow for 2025, despite cocoa cost headwinds impacting profitability. High cocoa costs have been a significant headwind, with approximately $500 million in mark-to-market inventory costing impacts expected in the first half of 2026. The company has faced challenges in its North American segment, impacting stock performance. Piper Sandler raised its price target on MDLZ to $64.00 from $62.00 in February 2026, while maintaining a Neutral rating. Mondelez has maintained dividend payments for 25 consecutive years, with a current dividend yield of 3.36%.

Demand for Mondelez International's products exhibits clear seasonality driven by major holidays. Over 63% of all chocolate and candy sales occur during four key seasons: Valentine's Day, Easter, Halloween, and the winter holidays. Christmas is the biggest selling period, followed by Halloween, Easter, and Valentine's Day.

Mondelez International is a multinational confectionery, food, and beverage company. It manufactures and markets snack food and beverage products, including chocolate, cookies, biscuits, gum, confectionery, and powdered beverages. The company focuses on its core categories, which are targeted to generate approximately 90% of its total revenue, with biscuits and chocolate alone accounting for nearly 80% of the total segment revenue in 2024.

Mondelez International has a significant global presence, operating in more than 80 countries and achieving sales in over 150 countries worldwide. In fiscal year 2025, Europe represented the largest segment, contributing $15.03 billion, followed by North America at $10.68 billion, Asia, Middle East & Africa (AMEA) at $7.93 billion, and Latin America at $4.90 billion.

Mondelez International's brand reputation has been affected by several controversies. In May 2024, the European Commission fined Mondelez €337.5 million for anti-competitive practices. In July 2025, Mondelez's Milka chocolate was criticized with Foodwatch's Goldener Windbeutel award for "shrinkflation." The company faced criticism for continuing to do business in Russia after the 2022 invasion of Ukraine, leading to boycotts. Mondelez International was named in a class action lawsuit in 2021 by former child slaves from Mali, alleging the company aided and abetted their enslavement on cocoa plantations. An investigation in September 2017 found that a significant amount of cocoa used by Mondelez was grown illegally in protected areas, contributing to deforestation.

Mondelez International has a broad institutional ownership base. As of February 5, 2026, there were 2646 institutional owners and shareholders holding a total of 1,258,060,204 shares. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Capital International Investors, JPMorgan Chase & Co., State Street Corp, T. Rowe Price Associates Inc /md/, Capital Research Global Investors and Geode Capital Management, Llc.