Group 1 - The article does not provide any relevant content regarding the company or industry [1]

Mondelez International, Inc. (NASDAQ:MDLZ) is included among the 15 Best Wide Moat Dividend Stocks to Invest in. TD Cowen Raises Mondelez (MDLZ) Target While North America Volumes Remain Weak On February 4, TD Cowen lifted its price target on Mondelez International, Inc. (NASDAQ:MDLZ) to $65 from $62 and maintained a Buy rating. The firm noted that management’s early outlook for 2026 came in below consensus, with organic growth projected at 0%–2%. That range reflects the risk that competitors could cut c ...

Core Insights - Mondelez International reported a net sales of $10.496 billion for Q4 2025, representing a year-over-year growth of 9.3% and an organic net sales increase of 5.1% [1] Q4 2025 Performance - Chocolate net sales reached $3.8 billion, growing by 17.4% [1] - Biscuit and baked snacks net sales amounted to $4.7 billion, with a growth of 3.2% [1] - Regional performance showed North America at $2.8 billion, a decline of 0.6%; Latin America at $1.3 billion, an increase of 7.9%; Europe at $4.4 billion, a growth of 17.3%; and Asia, Middle East, and Africa at $2.1 billion, growing by 8.9% [1] Full Year 2025 Performance - For the full year 2025, Mondelez International reported net sales of $38.537 billion, reflecting a year-over-year growth of 5.8% and an organic net sales increase of 4.3% [1] - The CEO, Dirk Van de Put, highlighted the challenging environment in 2025 but noted the achievement of robust net sales growth, strong cash flow generation, and substantial returns to shareholders [1]

Core Viewpoint - The snack food industry is facing pressure from both foreign giants and local brands, with companies like Mondelez International and PepsiCo reporting revenue growth but significant declines in net profit due to high raw material costs, particularly cocoa [2][4]. Group 1: Financial Performance - Mondelez International reported a net revenue of $38.537 billion for fiscal year 2025, a 5.8% increase year-over-year, but net income fell by 46.8% to $2.451 billion due to high cocoa prices [2]. - PepsiCo's fiscal year 2025 results showed a revenue increase of 2.25% and a net profit decline of 13.97%, prompting the company to announce price cuts of nearly 15% on certain snack products [4]. Group 2: Pricing Strategies - Companies in the snack food sector, including Mondelez, have raised product prices to offset rising raw material costs, which contributed to an 8% organic net revenue growth for Mondelez in fiscal year 2025 [6]. - Recent data indicates that cocoa prices have started to decline, which may impact pricing strategies for chocolate products moving forward [6]. Group 3: Market Dynamics - The North American market is experiencing consumer pressure, with a shift towards lower-priced products and discount channels, affecting sales for both Mondelez and PepsiCo [7][8]. - Mondelez's CEO noted that the company does not plan to match PepsiCo's significant price cuts, indicating a strategic approach to pricing based on market conditions [8]. Group 4: China Market Strategy - Mondelez has made organizational adjustments in China, including the acquisition of a local frozen bakery company, which has contributed to revenue growth [9]. - The company is focusing on expanding distribution channels in China, with plans to introduce differentiated product offerings for the upcoming Chinese New Year [9][10].

Employee and Organizational Structure - The company had approximately 91,000 employees as of December 31, 2025, with 12,000 in the U.S. and 79,000 internationally[39]. - The company conducts annual engagement surveys to enhance its culture and improve employee engagement[46]. - The company’s last global pay equity analysis in 2025 found a pay gap of less than 1% between male and female employees performing similar work[50]. - The company has a diverse executive team with extensive experience in the food and beverage industry, enhancing its strategic leadership[64][65][66][67][68][69][70][71][72]. Product and Innovation Focus - The company focuses on five product categories: Biscuits & Baked Snacks, Chocolate, Gum & Candy, Beverages, and Cheese & Grocery[26]. - The company aims to enhance its innovation capabilities through the expansion of R&D Innovation and Consumer Research Centers in 2025[30]. - The company has a robust framework for innovation to drive a technology pipeline supporting new product development across various time horizons[30]. - The company has established a dedicated innovation hub, SnackFutures, to leverage emerging consumer trends in mindful snacking[32]. Sustainability and Compliance - The company is committed to sustainability, focusing on mindful snacking and reducing its environmental footprint[51]. - The company is subject to various laws and regulations affecting its operations, including workplace safety, data privacy, and environmental compliance[60][61][62]. - The company has implemented programs to meet environmental compliance requirements, including adherence to the Clean Air Act and Clean Water Act in the U.S.[62]. - The company is subject to extended producer responsibility (EPR) policies in the EU, making it responsible for recycling costs of food and beverage packaging[61]. Financial Risk Management - The company monitors currency exchange rates, commodity prices, and interest rates as part of its risk management program to mitigate financial volatility[308][311]. - The company utilizes derivative instruments to hedge against fluctuations in currency exchange rates, commodity prices, and interest rates[309][312]. - The company regularly evaluates its debt structure and uses interest rate swaps to manage its exposure to interest rate fluctuations[312]. - The company employs a Value at Risk (VAR) model to estimate potential losses in the fair value of its financial instruments[314]. - The VAR computation is a risk analysis tool designed to estimate maximum expected daily loss under specified confidence intervals[316]. - The computation does not represent actual losses and does not consider favorable changes in market rates[316]. - The company cannot predict actual future movements in market rates[316]. - The VAR results are not indicative of future movements in market rates or their impact on future financial results[316]. Cost and Pricing Strategy - The company has experienced input cost volatility due to international demand and macroeconomic conditions, prompting it to take pricing actions to mitigate impacts on earnings[311]. - As of December 31, 2025, the estimated potential one-day loss in fair value for interest rate-sensitive instruments is between $42 million (low) and $84 million (high)[316]. - For foreign currency rates, the estimated potential one-day loss in pre-tax earnings is $27 million (low) to $44 million (high) as of December 31, 2025[316]. - The potential one-day loss in commodity prices ranges from $22 million (low) to $104 million (high) as of December 31, 2025[316]. - As of December 31, 2024, the estimated potential one-day loss in fair value for interest rate-sensitive instruments is between $76 million (low) and $95 million (high)[316]. - For foreign currency rates, the estimated potential one-day loss in pre-tax earnings is $22 million (low) to $46 million (high) as of December 31, 2024[316]. - The potential one-day loss in commodity prices ranges from $14 million (low) to $99 million (high) as of December 31, 2024[316].

Core Insights - Mondelez International, Inc. (MDLZ) reported fourth-quarter 2025 results with revenues and adjusted earnings per share exceeding Zacks Consensus Estimates, driven by pricing and operational efficiencies [1][10] - Cocoa cost inflation was significant during the quarter, but management expects costs to moderate over time [1] Financial Performance - Adjusted earnings per share were 72 cents, a 4.6% increase on a constant-currency basis, surpassing the Zacks Consensus Estimate of 70 cents [2] - Net revenues rose 9.3% year over year to $10.5 billion, exceeding the Zacks Consensus Estimate of $10.3 billion, driven by organic growth, positive foreign-currency impacts, and contributions from the Evirth acquisition [3][10] - Organic net revenues grew 5.1% year over year, with pricing contributing 9.9 percentage points, while volume/mix declined by 4.8 percentage points [4] Regional Performance - Revenues from emerging markets increased 13.2% year over year to $4.1 billion, with organic growth of 8% [5] - Revenues from developed markets rose 6.9% year over year to $6.4 billion, with organic growth of 3.4% [5] - Region-wise, revenues increased 17.3% in Europe, 8.9% in Asia, the Middle East, and Africa, and 7.9% in Latin America, while North America saw a 0.6% decline [6] Margin and Profitability - Adjusted gross profit increased modestly, but adjusted gross margin declined 100 basis points to 30.5% due to elevated raw material costs and an adverse product mix [7] - Adjusted operating income surged 22.1%, with the adjusted operating income margin improving 190 basis points to 11.9% [8] Financial Health - MDLZ ended the quarter with cash and cash equivalents of $2.1 billion and total debt of $21.2 billion [9] - The company generated $4.5 billion in net cash from operating activities and delivered free cash flow of $3.2 billion for the full year 2025 [9] Shareholder Returns - Mondelez returned $4.9 billion to shareholders through dividends and share buybacks during 2025, highlighting its commitment to disciplined capital allocation [11] Future Outlook - For 2026, Mondelez expects organic net revenue growth to range between flat and 2%, with adjusted earnings per share projected to grow between flat and 5% on a constant-currency basis [12][13] - Free cash flow is anticipated to be approximately $3 billion, with currency translation expected to boost net revenue growth by about 2% and lift adjusted EPS by roughly 6 cents [13]

Group 1 - The core viewpoint of the article is that Mondelēz International reported its Q4 and full-year results for 2025, showing significant revenue growth [1] - In Q4 2025, Mondelēz International achieved a net revenue of $10.496 billion, representing a year-on-year increase of 9.3% [1] - For the full year 2025, the company reported a net revenue of $38.537 billion, which is a 5.8% increase compared to the previous year [1]

Group 1 - The core viewpoint of the article is that Mondelez International (MDLZ.US) reported solid fourth-quarter results, but the stock fell 4.5% in pre-market trading due to lower-than-expected future growth projections [1] Group 2 - Mondelez's adjusted earnings per share (EPS) for the fourth quarter was $0.72, representing an 11% year-over-year increase, exceeding market expectations of $0.70 [1] - The company's revenue reached $10.5 billion, a 9% year-over-year growth, surpassing expectations by $207 million [1] - Management forecasts organic sales growth to stabilize at +2% by 2026, with adjusted EPS growth (at constant currency) expected to remain at +5%, both below long-term targets of 3%-5% and high single-digit growth [1]

Investment Rating - The report maintains an "Overweight" rating for the food and beverage industry [9] Core Insights - The report highlights a structural differentiation in consumer recovery across various segments, with high-end consumption showing signs of recovery while mid-range and mass-market segments lag behind [1] - Foreign brands are facing challenges due to weak demand and a trend towards "de-branding," which has led to overall performance pressure [1] - Companies achieving growth are primarily relying on their own brand strength and channel strategies [1] Alcoholic Beverages - The overseas spirits giants are experiencing performance pressure in China, with Pernod Ricard and Diageo reporting significant declines in sales [2][13] - Diageo's management remains cautious, expecting continued challenges in the market, particularly in the white liquor segment [2][14] - Rémy Cointreau's sales in China have stabilized, but internal performance shows structural differentiation [2][15] Dairy Products - Foreign brands in the dairy sector, particularly in milk beverages and nutritional products, are performing well due to strong brand management and product innovation [3][22] - The market for dairy products is expected to continue growing, especially in segments like low-temperature fresh milk and cheese [3][32] - The high import dependency in certain dairy categories presents opportunities for domestic alternatives [3][32] Soft Drinks - The soft drink industry is experiencing varied performance across segments, with carbonated drinks under pressure while energy drinks and sugar-free tea are expanding [4][33] - Coca-Cola and PepsiCo maintain high market shares in carbonated drinks but face increasing competition from local brands [4][33] - Monster's sales in China are growing rapidly, indicating a positive outlook for the energy drink segment [4][44] Beer - The beer market is under pressure due to weakened dining demand, with Budweiser experiencing a significant decline in sales [5] - Carlsberg has stabilized its performance through product adjustments, while Heineken benefits from partnerships with local brands [5] Snacks - The snack sector is seeing a weak recovery, with foreign brands struggling against local competitors [6] - Mondelez has managed to maintain steady growth in China through localized marketing strategies [6] Condiments - Foreign condiment brands are focusing on improving product value and adapting to changing consumer preferences [7] - The market is shifting towards value-oriented consumption, prompting companies to adjust their strategies [7]

Mondelez (MDLZ) reported $10.5 billion in revenue for the quarter ended December 2025, representing a year-over-year increase of 9.3%. EPS of $0.72 for the same period compares to $0.65 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $10.3 billion, representing a surprise of +1.86%. The company delivered an EPS surprise of +3.14%, with the consensus EPS estimate being $0.70.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stree ...