Mondelez International (MDLZ)

• Market cap: $86.2B
• 1 day: -1.63%
• 5 days: -1.84%
• 1 month: -10.18%
• 3 months: -8.24%
• 6 months: -9.59%
• Year to date: -12.66%
• 1 year: -7.86%
• 5 years: 22.09%
• 10 years: 68.07%
• Sector: Consumer Staples
• Industry: Food & Kindred Products

About: Mondelez has operated as an independent organization since its split from the former Kraft Foods North American grocery business in October 2012. The firm is a leading player in the global snack enclave with a presence in the biscuit (49% of sales), chocolate (30%), gum/candy (12%), beverage (3%), and cheese and grocery (6%) aisles, as of the end of fiscal 2023. Mondelez's portfolio includes well-known brands like Oreo, Chips Ahoy, Halls, and Cadbury, among others. The firm derives around one third of revenue from developing markets, just more than one third from Europe, and the remainder from North America.

Employees: 91,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

133% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 14 (+8) [Q3]

25% more call options, than puts

Call options by funds: $372M | Put options by funds: $298M

7% more capital invested

Capital invested by funds: $70.7B [Q2] → $75.5B (+$4.82B) [Q3]

1% less funds holding

Funds holding: 1,928 [Q2] → 1,911 (-17) [Q3]

1% less repeat investments, than reductions

Existing positions increased: 723 | Existing positions reduced: 732

10% less first-time investments, than exits

New positions opened: 161 | Existing positions closed: 178

2.69% less ownership

Funds ownership: 80.52% [Q2] → 77.82% (-2.69%) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $74 15% upside
• Avg. target: $81 25% upside
• High target: $85 32% upside

9 analyst ratings

• positive: 9 100%
• neutral: 0 0%
• negative: 0 0%

Citigroup Thomas Palmer 42% 1-year accuracy 13 / 31 met price target	21% upside $78	Buy Maintained	30 Oct 2024
Piper Sandler Michael Lavery 46% 1-year accuracy 13 / 28 met price target	30% upside $84	Overweight Maintained	30 Oct 2024
Wells Fargo Chris Carey 46% 1-year accuracy 13 / 28 met price target	21% upside $78	Overweight Maintained	30 Oct 2024
Stifel Matthew Smith 56% 1-year accuracy 19 / 34 met price target	27% upside $82	Buy Maintained	25 Oct 2024
Piper Sandler Michael Lavery 46% 1-year accuracy 13 / 28 met price target	15% upside $74	Overweight Maintained	23 Oct 2024