Core Insights - Mondelez International, Inc. (MDLZ) is valued at a market cap of $74.9 billion and operates in over 150 countries, focusing on premium snacking products like biscuits, chocolates, and candies [1] Financial Performance - In the third quarter, Mondelez reported a 5.9% increase in net revenue, with organic sales up 3.4% driven by price increases, but volumes suffered and margins were pressured due to high cocoa and input costs [4] - Adjusted EPS fell 24.2% year over year to $0.73, and operating income decreased 35.5% from the previous year to $744 million [4] - For the current fiscal year, analysts expect MDLZ's EPS to decline 12.8% year over year to $2.93 [5] Stock Performance - Over the past year, MDLZ shares have declined 17.2%, underperforming the S&P 500 Index, which has surged 17.4% [2] - Year-to-date, the stock is down 3.3%, while the benchmark index has gained 16% [2] - The stock has also trailed the First Trust Nasdaq Food & Beverage ETF's 14.4% loss over the past 52 weeks [3] Analyst Ratings - Among 26 analysts covering the stock, the consensus rating is a "Moderate Buy," with 14 "Strong Buy," three "Moderate Buy," eight "Hold," and one "Strong Sell" rating [5] - The mean price target of $71.56 suggests a 23.8% potential upside from current price levels, while the Street-high price target of $85 indicates an upside potential of 47.1% [6]

Core Insights - Mondelēz International reported a net revenue increase of 5.9% for Q3 2025, with organic net revenue growth of 3.4% despite a volume/mix decline of 4.6% [1][5] - The diluted EPS decreased by 9.5% to $0.57, while adjusted EPS was $0.73, reflecting a 24.2% decline on a constant currency basis [1][4] - The company provided a cash flow of $2.1 billion from operating activities and a free cash flow of $1.2 billion year-to-date [1] Financial Performance - Net revenues for Q3 2025 reached $9,744 million, with a gross profit of $2,612 million, resulting in a gross profit margin of 26.8%, down 580 basis points year-over-year [3][4] - Operating income was reported at $744 million, with an operating income margin of 7.6%, a decrease of 490 basis points compared to the previous year [4][19] - Year-to-date net earnings attributable to Mondelēz International were $1,786 million, with diluted EPS of $1.37, down 35.4% year-over-year [21] Regional Performance - In Q3 2025, net revenues from Latin America were $1,238 million, up 2.8%, while Asia, Middle East & Africa reported $2,017 million, a 9.0% increase [3] - Europe saw a 10.6% increase in net revenues to $3,674 million, while North America experienced a slight decline of 0.4% to $2,815 million [3] - Emerging markets contributed $3,881 million in net revenues, reflecting a 9.9% growth, while developed markets reported $5,863 million, a 3.0% increase [3] Outlook - For FY 2025, the company expects organic net revenue growth of over 4% and a decline in adjusted EPS of approximately 15% on a constant currency basis [7][8] - The anticipated free cash flow for 2025 is projected to exceed $3 billion, with currency translation expected to positively impact net revenue growth by about 0.5% [7][8] - The company remains focused on improving volume, increasing growth investments, and driving cost efficiencies despite ongoing challenges in certain markets [2]

Core Insights - The holiday season significantly influences snacking choices, with traditions and childhood memories playing a crucial role in consumer behavior [1][5][7] - The State of Snacking report, developed with The Harris Poll, highlights the global impact of cultural celebrations on snacking habits, particularly in Asian cultures [2][5] Company Overview - Mondelēz International, Inc. reported net revenues of approximately $36.4 billion for 2024, positioning itself as a leader in the snacking industry with a diverse portfolio of iconic brands [4] Consumer Behavior - A strong connection exists between snacking and cherished childhood experiences, with 76% of consumers recalling fond memories of sharing snacks with parents [5] - 78% of global consumers enjoy sharing their favorite childhood snacks, with particularly high rates in the Philippines, Indonesia, China, and India [5] - 73% of consumers believe certain snacks have been passed down through generations, especially in Indonesia, India, and the Philippines [5]

Core Viewpoint - Mondelēz International, Inc. is set to release its third quarter 2025 financial results on October 28, 2025, followed by a conference call for investors and analysts [1]. Company Information - Mondelēz International operates in over 150 countries and reported net revenues of approximately $36.4 billion in 2024 [4]. - The company is recognized for its iconic brands, including Oreo, Ritz, LU, Clif Bar, Tate's Bake Shop, Cadbury Dairy Milk, Milka, and Toblerone [4]. - Mondelēz International is a member of the Dow Jones Best-in-Class North America and World Indices, previously known as the Dow Jones Sustainability Indices [4]. Conference Call Details - The conference call will take place on October 28, 2025, at 5:00 p.m. ET, with a phone participation option available for investors and analysts [2]. - A replay of the conference call will be accessible until November 04, 2025, with specific access codes provided for both the live call and the rebroadcast [3].

Group 1 - Mondelez International, Inc. reported Q2 2025 results with an Adjusted EPS of $0.73, exceeding the consensus estimate of $0.68, and quarterly revenue of $8.98 billion, surpassing analyst expectations of $8.82 billion [2] - The company experienced a year-over-year net revenue increase of 7.7%, although there was a decline of 1.5% in volume/mix, indicating that favorable pricing significantly contributed to revenue growth [2] - Mondelez announced a 6% increase in its dividend and introduced new products in collaboration with Reese's, including the REESE'S OREO Cup, which is expected to perform well based on online excitement [3] Group 2 - The company has a dividend yield of 3.19%, providing stable income for shareholders and enhancing its appeal to potential investors [4] - Mondelez International is a global snacking company formed in 2012 from the spin-off of Kraft Foods' global snack and confectionery business, owning several billion-dollar brands such as Oreo, Ritz, Cadbury Dairy Milk, and Toblerone [4]

Core Insights - PepsiCo, Inc. (PEP) is experiencing strong momentum in its PepsiCo Beverages North America (PBNA) division, which has achieved high-single-digit growth in away-from-home channels and gained market share in no-sugar colas and Gatorade sports drinks [2][9] - The Frito-Lay North America (FLNA) division is facing challenges in stabilizing volumes across its core snack portfolio, particularly with the Lay's brand, while making progress in subcategories like Cheetos and Doritos [3][4][9] - The overall performance of PepsiCo in Q3 2025 will depend on whether the strong growth in PBNA can offset the ongoing headwinds faced by FLNA [4] PepsiCo Beverages North America (PBNA) - PBNA has delivered high-single-digit growth in away-from-home channels and gained market share in no-sugar colas and Gatorade [2][9] - The division's focus on innovation, affordability, and functional hydration products is driving consumer demand [2][9] - Management believes that PBNA will remain a key growth driver in the latter half of 2025 [2] Frito-Lay North America (FLNA) - FLNA is struggling with volume stabilization, particularly in the potato chip segment and Lay's brand, while making progress in other snack categories [3][4][9] - The division is addressing challenges through relaunches that emphasize natural ingredients and "real food" positioning [3] - Management is rightsizing its manufacturing footprint and pursuing productivity savings, but excess capacity and workforce adjustments may impact near-term performance [3] Competitive Landscape - Compared to Coca-Cola (KO), which is heavily beverage-focused and has a more straightforward growth trajectory, PepsiCo faces challenges in its snacking business [5][6] - Mondelez International (MDLZ) benefits from strong pricing power in its snacking category, unlike PepsiCo's FLNA, which is currently under pressure [7] Stock Performance and Valuation - PepsiCo shares have gained 12.8% in the past three months, contrasting with a 0.5% decline in the industry [8] - The company trades at a forward price-to-earnings ratio of 17.89X, slightly below the industry average of 18.24X [10] - The Zacks Consensus Estimate for PepsiCo's 2025 earnings implies a year-over-year decline of 1.8%, while the 2026 estimate suggests a growth of 5.2% [11]

Core Insights - PepsiCo's Frito-Lay snacks unit is a key growth driver, focusing on stabilizing the snacking category and engaging consumers through value, affordability, and innovation [1][3] - The company is refreshing major snack brands like Lay's and Tostitos, emphasizing natural ingredients and eliminating artificial components to enhance consumer trust [2] - Frito-Lay is expanding into the away-from-home channel, which offers higher margins and additional consumption opportunities, positioning it for long-term growth [3] Competitive Landscape - PepsiCo faces strong competition from Mondelez International and Campbell's Company in the global snacking market [4] - Mondelez has a significant presence in biscuits, cookies, and confectionery, expanding into healthier snacks through acquisitions to meet consumer demand [5] - Campbell's, with its Snyder's-Lance portfolio, competes in salty snacks, focusing on flavor innovation and better-for-you options to adapt to changing consumer preferences [6] Financial Performance - PepsiCo's shares have decreased by approximately 1.1% year-to-date, while the industry has grown by 6.4% [7] - The company reported Q2 EPS of $2.12 on revenues of $22.73 billion, driven by pricing strategies despite weaker volume trends [8] - PepsiCo's forward price-to-earnings ratio is 18.18X, slightly above the industry average of 18.05X [9] Earnings Estimates - The Zacks Consensus Estimate for PepsiCo's 2025 earnings indicates a year-over-year decline of 1.8%, while the 2026 estimate suggests a growth of 5.2% [10]

Group 1 - Mondelēz International, Inc. will participate in a fireside chat at the Barclays Global Consumer Staples Conference on September 3, 2025, at 8:15 am ET [1] - The presentation will be available via a live audio webcast on the company's investor website, with an archive also accessible later [1] Group 2 - Mondelēz International reported net revenues of approximately $36.4 billion for the year 2024 [2] - The company operates in over 150 countries and offers a range of iconic brands including Oreo, Ritz, and Cadbury [2] - Mondelēz is recognized as a member of the Dow Jones Best-in-Class North America and World Indices [2]

Core Insights - Mondelēz International reported a net revenue increase of 7.7% in Q2 2025, with organic net revenue growth of 5.6% driven by strong pricing execution in the chocolate segment and growth across most geographies [1][2][5] - The diluted EPS rose by 8.9% to $0.49, while adjusted EPS decreased by 14.5% on a constant currency basis to $0.73 [1][4][14] - The company returned $2.9 billion to shareholders in the first half of 2025 and announced a 6% increase in the quarterly dividend [1][14] Financial Performance - **Net Revenue**: Q2 2025 net revenues reached $8.984 billion, a 7.7% increase compared to the previous year, with organic growth of 5.6% [3][19] - **Operating Income**: Operating income for Q2 2025 was $1.172 billion, reflecting a 37.2% increase year-over-year, while adjusted operating income decreased by 14.0% [4][14] - **Gross Profit**: Gross profit was $2.937 billion, up 5.0%, but the gross profit margin decreased to 32.7% [4][14] Regional Performance - **Latin America**: Reported net revenues of $1.194 billion, a decrease of 3.1% year-over-year, with organic growth of 5.4% [3] - **Asia, Middle East & Africa**: Revenues increased by 14.7% to $1.821 billion, with organic growth of 8.6% [3] - **Europe**: Revenues rose by 18.7% to $3.412 billion, with organic growth of 12.5% [3] - **North America**: Revenues decreased by 3.5% to $2.557 billion, with organic growth declining by 3.4% [3] Cash Flow and Capital Return - The company generated $1.4 billion in cash from operating activities year-to-date and reported free cash flow of $0.8 billion [1][14] - A quarterly cash dividend of $0.50 per share was declared, marking a 6% increase [1][14] 2025 Outlook - The company maintains an organic net revenue growth target of approximately 5% for 2025, with adjusted EPS expected to decline by about 10% on a constant currency basis due to cocoa cost inflation [7][8] - Free cash flow for 2025 is projected to exceed $3 billion [7]

Core Insights - Mondelēz International, Inc. will release its second quarter 2025 financial results on July 29, 2025, at 4:05 p.m. ET, followed by a conference call at 5:00 p.m. ET [1] - The company reported net revenues of approximately $36.4 billion for the year 2024, highlighting its position as a leader in the snacking industry with a diverse portfolio of iconic brands [4] Financial Results Announcement - The financial results will be disclosed on July 29, 2025, at 4:05 p.m. ET [1] - A conference call will be held at 5:00 p.m. ET on the same day for investors and analysts [1] Participation Details - Investors and analysts can join the conference call by dialing 800-225-9448 from the U.S. or 203-518-9708 from other locations, with a recommendation to call in 10 minutes early [2] - A listen-only webcast will be available on the company's website [2] Replay Information - A replay of the conference call will be accessible until August 5, 2025, using the same phone numbers as the live call, with the access code MDLZQ225 [3] - An archive of the webcast will also be available on the company's website [3] Company Overview - Mondelēz International operates in over 150 countries, focusing on empowering people to snack right [4] - The company boasts a portfolio of well-known brands, including Oreo, Ritz, Clif Bar, and Cadbury Dairy Milk, among others [4] - Mondelēz is recognized as a member of the Dow Jones Best-in-Class North America and World Indices [4]