Mondelez International, Inc. Class A (MDLZ)

Mondelez International's stock has declined, underperforming the industry, and is considered overvalued. This is due to a challenging macroeconomic environment, cost inflation, volatile currency movements, and volatile consumer behaviors. Analyst sentiment has also been slightly negative. However, Jefferies and Wells Fargo upgraded their outlook for Mondelez International. The company's first quarter saw organic net revenues rise, driven by strong pricing strategies, and the stock gained following dividend-related buying activity.

Mondelez operates in the snack food and beverage industry, which experiences seasonal fluctuations. Demand for certain snack products may increase during holidays or specific seasons. Sales volumes have been affected by seasonal timing shifts. The company's range of products and global footprint help mitigate significant overall demand seasonality. Mondelez focuses on product innovation and expanding its distribution network to drive consistent demand.

Mondelez International, Inc. is a global snack company that produces and sells chocolate, biscuits, and baked snacks. Its product portfolio includes brands like Oreo, Ritz, LU, Clif Bar, Cadbury Dairy Milk, Milka, and Toblerone. The company's core business segments are biscuits, chocolate, and gum/candy, with beverages, cheese, and grocery items making up the remainder.

Mondelez International has a significant global presence, operating in approximately 160 countries. The company distributes its products through a network that includes direct store delivery, company-owned and satellite warehouses, distribution centers, and third-party distributors. A large portion of its revenue is generated outside the U.S., with emerging markets contributing a significant amount and experiencing faster growth. Mondelez has a global manufacturing footprint with numerous manufacturing sites across various countries, producing a large amount of snack products annually.

Mondelez International's brand reputation is based on its global scale, strong brand portfolio, and extensive distribution reach. The company holds leading positions in the global biscuit and chocolate markets, with brands that enjoy high consumer loyalty. However, the company has faced challenges including a product recall, concerns over deforestation laws, and child labor allegations. Mondelez aims for full coverage with its Cocoa Life program to address ethical sourcing.

Mondelez International is primarily owned by institutional shareholders, who hold a majority of the company's stock. Insiders own a smaller percentage, and retail investors hold a small percentage. Major institutional owners include Vanguard Group Inc. and BlackRock Inc. The largest individual shareholder is Nelson Peltz.