Mondelez International Inc. - Ordinary Shares - Class A
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+ FollowMarket Cap$83.01B
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Earnings Call Q3 2026
October 29, 2026 - AI Summary
Macro/consumer read-through by region (overall “pretty solid,” but uneven):
- Emerging markets: Consumer confidence described as resilient—India very positive, Mexico/Brazil solid, China softer but management remains constructive (notably good volume growth and strong top-line growth).
- Category strength: Snacking remains the performance anchor; management is particularly pleased that category values are holding up (especially biscuits and chocolate).
- Distribution acceleration (key opportunity): India ~+130k outlets YTD, Brazil >1M stores, China still has a long runway.
- Europe: Confidence stable to slightly better but consumers remain cautious due to energy/cost-of-living; management cites rational pricing behavior across players.
- North America: Consumer confidence remains soft (fuel/energy). Management expects improvement to be limited near-term, with a K-shaped economy benefiting higher-income households.
2026 outlook maintained; 2027 confidence supported by volume + productivity/savings (EPS focus):
- EPS 2027 guidance reiterated for “strong EPS growth” (no change in forecast stance).
- How 2027 is expected to work:
- Volume-led growth into 2027 with strength in emerging markets, increasing stabilization in Europe, and continued momentum in the U.S.
- Productivity program expected to deliver meaningful savings into next year.
- Reinvestment discipline: Management said any upside is reinvested into innovation and A&C, including ongoing A&C and category priorities (e.g., Biscoff).
- Cost inflation challenge acknowledged: Freight/fuel and some commodities (e.g., dairy/oil/packaging) are rising, but management believes levers (productivity + mix + pricing selectivity) are sufficient.
North America: positive organic momentum driven by share gains and promo “precision” (pricing still selective):
- Company is among the few posting positive organic sales growth in North America (management cited volume + price historically year-to-date).
- Promotions strategy change is a central driver: management moved to more precise promo depth/frequency vs. prior switching behavior, aiming for incrementality rather than trading down.
- Share gains / brand performance:
- Biscuits: savory “on a roll”; candy also strong.
- Examples: Ritz innovation gaining share; Sour Patch Kids driving growth.
- Innovation support: Oreo Zero, Ritz Minis, Clif High Protein cited as positive.
- Pricing environment into 2027: Management will be selective—aims to protect volume/mix/share; expects most pricing actions via PPA (not broad price hikes).
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$78.84
19.5% upside
Current Fair Value
19.5% upsideUndervalued by 19.5% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $83.01 Billion |
|---|---|
| Enterprise Value | $103.68 Billion |
| Annual dividend | $2.02 |
| Dividend yield | 3.11% |
| Earnings per Share | $1.89 |
| Beta | 0.39 |
| Outstanding Shares | 1,276,000,000 |
Return
| Return on Equity | 15.34% |
|---|---|
| Return on Assets | 5.69% |
| Return on Invested Capital | 12.22% |
Valuation & Multiples
| P/E Ratio | 20.42 |
|---|---|
| PEG | 27 |
| Price to Sales | 2.13 |
| Price to Book Ratio | 3.3 |
| Enterprise Value to Revenue | 2.6 |
| Enterprise Value to EBIT | 17.19 |
| Enterprise Value to Net Income | 25 |
| Total Debt to Enterprise | 0.22 |
| Debt to Equity | 0.84 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 29, 2026
EPS Estimate
$0.71
Consensus analyst estimateRevenue Estimate
$9.98 B
Consensus analyst estimateNext Earnings Call
Expected Date
February 2, 2027
EPS Estimate
$0.88
Consensus analyst estimateRevenue Estimate
$10.58 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 101.35% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 3.27%▼ 83.47% |
|---|---|
| Total Invested | $2.44B▼ 96.24% |
| Investors Holding | 739▼ 1217.00% |
About Mondelez International Inc.
91,000 employees
CEO: Dirk van de Put
Mondelez International, Inc. engages in the manufacture and marketing of snack food and beverage products. Its products include beverages, biscuits, chocolate, gum and candy, cheese and groceries, and meals. Its brands include 5Star, 7Da...