Mondelez International Inc
MDLZ—
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Mondelez International Inc AI Insights
Informational only. Not investment advice.Snapshot
- Negative working capital of -8.4B means suppliers finance operations - MDLZ collects before paying out, freeing 22% of revenue for other uses.[Working Capital]
- Goodwill of 24.3B is 93% of equity (26.2B) - tangible book value is negative 17.7B, creating material impairment risk.[Goodwill]
- Operating margin TTM 11.5% vs industry median 5.2% - 2.2x advantage reflects pricing power in snacks/confectionery.[Operating Margin TTM]
Watch Triggers
- Goodwill: Any impairment charge >1B — Would wipe equity cushion - 24.3B goodwill vs 26.2B equity means 4% impairment eliminates buffer
- Operating Margin TTM: Falls below 10% — Signals pricing power erosion - current 11.5% is key competitive moat vs private label
- Working Capital: Turns positive — Would indicate supplier terms tightening, reducing cash generation advantage
Bull Case
Supplier-financed model: -8.4B working capital with 10B accounts payable generates float that funds operations without debt increases.
Working CapitalAccounts PayableDebt to Equity
Margin superiority: 11.5% operating margin vs 5.2% industry median demonstrates brand pricing power that should persist in inflationary environments.
Operating Margin TTMGross Margin TTM
Bear Case
Balance sheet fragility: 22B total debt at 0.84x equity with negative tangible book (-17.7B) leaves no cushion if goodwill impairment materializes.
Total DebtTangible Book ValueGoodwill
Valuation premium: P/E 19.9x vs industry 17.8x median despite asset turnover of 0.52x (vs 0.93x median) - paying more for slower capital efficiency.
PE RatioAsset Turnover TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
55%
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Forward Thesis
FCF generation should sustain 5%+ dividend yield plus buybacks despite flat revenue growth
1-3yhigh
- Negative working capital model accelerates cash conversion
- Capex only 3.4% of revenue - mature asset base
- Dividend payout 70% of EPS leaves room for increases
FCF TTM 2.3B on 37.6B revenue (6.1% yield)Dividends 1.91/share vs EPS 2.75 (70% payout)Capex -1.3B vs 11.1B PPE (maintenance mode)
Valuation Context
Caveats
Public Strategies Rankings
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MDLZ Fundamentals
Manufacturing → Food Manufacturing
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$76.01B | — | ||
$95.69B | — | ||
31 | — | ||
$38.54B | +5.8% | — | |
$1.89 | -46.4% | — | |
9.39% | -8.9% | — | |
6.36% | -6.3% | — | |
$3.23B | -8.2% | — | |
9.29% | -7.4% | — | |
Beta 5Y (Monthly) | unknown | — |
MDLZ Dividend History
99 dividends
2026
$0.500003/31/26$0.5000
2025
$1.940012/31/25$0.5000
09/30/25$0.5000
06/30/25$0.4700
03/31/25$0.4700
2024
$1.790012/31/24$0.4700
09/30/24$0.4700
06/28/24$0.4250
03/27/24$0.4250
2023
$1.620012/28/23$0.4250
09/28/23$0.4250
06/29/23$0.3850
03/30/23$0.3850
2022
$1.470012/29/22$0.3850
09/29/22$0.3850
06/29/22$0.3500
03/30/22$0.3500
2021
$1.330012/30/21$0.3500
09/29/21$0.3500
06/29/21$0.3150
03/30/21$0.3150
2020
$1.200012/30/20$0.3150
09/29/20$0.3150
06/29/20$0.2850
03/30/20$0.2850
2019
$1.090012/30/19$0.2850
09/27/19$0.2850
06/27/19$0.2600
03/28/19$0.2600
2018
$0.960012/28/18$0.2600
09/27/18$0.2600
06/28/18$0.2200
03/28/18$0.2200
2017
$0.820012/28/17$0.2200
09/28/17$0.2200
06/28/17$0.1900
03/29/17$0.1900
2016
$0.720012/28/16$0.1900
09/28/16$0.1900
06/28/16$0.1700
03/29/16$0.1700
2015
$0.640012/29/15$0.1700
09/28/15$0.1700
06/26/15$0.1500
03/27/15$0.1500
2014
$0.580012/29/14$0.1500
09/26/14$0.1500
06/26/14$0.1400
03/27/14$0.1400
2013
$0.540012/27/13$0.1400
09/26/13$0.1400
06/27/13$0.1300
03/27/13$0.1300
2012
$1.000012/27/12$0.1300
09/17/12$0.2900
06/27/12$0.2900
03/28/12$0.2900
2011
$1.160012/28/11$0.2900
09/28/11$0.2900
06/28/11$0.2900
03/29/11$0.2900
2010
$1.160012/29/10$0.2900
09/28/10$0.2900
06/28/10$0.2900
03/29/10$0.2900
2009
$1.160012/28/09$0.2900
09/28/09$0.2900
06/26/09$0.2900
03/23/09$0.2900
2008
$1.120012/23/08$0.2900
09/22/08$0.2900
06/25/08$0.2700
03/12/08$0.2700
2007
$1.040012/21/07$0.2700
09/06/07$0.2700
06/26/07$0.2500
03/13/07$0.2500
2006
$0.960012/22/06$0.2500
09/07/06$0.2500
06/26/06$0.2300
03/13/06$0.2300
2005
$0.870012/22/05$0.2300
09/02/05$0.2300
06/24/05$0.2050
03/11/05$0.2050
2004
$0.770012/20/04$0.2050
09/10/04$0.2050
06/23/04$0.1800
03/11/04$0.1800
2003
$0.660012/18/03$0.1800
09/11/03$0.1800
06/25/03$0.1500
03/12/03$0.1500
2002
$0.560012/19/02$0.1500
09/12/02$0.1500
06/26/02$0.1300
03/13/02$0.1300
2001
$0.260012/20/01$0.1300
09/13/01$0.1300
MDLZ Stock Splits
No stock splits
MDLZ SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/04/26 | 12/31/25 | 10-K | |
10/28/25 | 09/30/25 | 10-Q | |
07/29/25 | 06/30/25 | 10-Q | |
04/29/25 | 03/31/25 | 10-Q | |
02/05/25 | 12/31/24 | 10-K | |
10/29/24 | 09/30/24 | 10-Q | |
07/30/24 | 06/30/24 | 10-Q | |
04/30/24 | 03/31/24 | 10-Q | |
02/02/24 | 12/31/23 | 10-K | |
11/01/23 | 09/30/23 | 10-Q | |
07/27/23 | 06/30/23 | 10-Q | |
04/27/23 | 03/31/23 | 10-Q | |
02/03/23 | 12/31/22 | 10-K | |
11/01/22 | 09/30/22 | 10-Q | |
07/26/22 | 06/30/22 | 10-Q | |
04/26/22 | 03/31/22 | 10-Q | |
02/04/22 | 12/31/21 | 10-K | |
11/02/21 | 09/30/21 | 10-Q | |
07/27/21 | 06/30/21 | 10-Q | |
04/28/21 | 03/31/21 | 10-Q | |
02/05/21 | 12/31/20 | 10-K | |
11/03/20 | 09/30/20 | 10-Q | |
07/29/20 | 06/30/20 | 10-Q | |
04/29/20 | 03/31/20 | 10-Q | |
02/07/20 | 12/31/19 | 10-K | |
10/30/19 | 09/30/19 | 10-Q | |
07/31/19 | 06/30/19 | 10-Q | |
05/01/19 | 03/31/19 | 10-Q | |
02/08/19 | 12/31/18 | 10-K | |
10/30/18 | 09/30/18 | 10-Q | |
07/26/18 | 06/30/18 | 10-Q | |
05/02/18 | 03/31/18 | 10-Q | |
02/09/18 | 12/31/17 | 10-K | |
10/31/17 | 09/30/17 | 10-Q | |
08/02/17 | 06/30/17 | 10-Q | |
05/03/17 | 03/31/17 | 10-Q | |
02/24/17 | 12/31/16 | 10-K | |
10/26/16 | 09/30/16 | 10-Q | |
07/27/16 | 06/30/16 | 10-Q | |
04/28/16 | 03/31/16 | 10-Q | |
02/19/16 | 12/31/15 | 10-K | |
10/29/15 | 09/30/15 | 10-Q | |
07/31/15 | 06/30/15 | 10-Q | |
04/30/15 | 03/31/15 | 10-Q | |
02/20/15 | 12/31/14 | 10-K | |
11/06/14 | 09/30/14 | 10-Q | |
08/08/14 | 06/30/14 | 10-Q | |
05/08/14 | 03/31/14 | 10-Q | |
03/03/14 | 12/31/13 | 10-K | |
11/07/13 | 09/30/13 | 10-Q | |
08/08/13 | 06/30/13 | 10-Q | |
05/08/13 | 03/31/13 | 10-Q | |
02/25/13 | 12/31/12 | 10-K | |
11/08/12 | 09/30/12 | 10-Q | |
08/03/12 | 06/30/12 | 10-Q | |
05/04/12 | 03/31/12 | 10-Q | |
02/27/12 | 12/31/11 | 10-K | |
11/04/11 | 09/30/11 | 10-Q | |
08/05/11 | 06/30/11 | 10-Q | |
05/06/11 | 03/31/11 | 10-Q | |
02/28/11 | 12/31/10 | 10-K | |
11/05/10 | 09/30/10 | 10-Q | |
08/06/10 | 06/30/10 | 10-Q | |
05/07/10 | 03/31/10 | 10-Q | |
02/25/10 | 12/31/09 | 10-K | |
11/03/09 | 09/30/09 | 10-Q | |
08/05/09 | 06/30/09 | 10-Q | |
05/05/09 | 03/31/09 | 10-Q | |
02/27/09 | 12/31/08 | 4 | |
10/31/08 | 09/30/08 | 10-Q | |
08/01/08 | 06/30/08 | 10-Q | |
05/02/08 | 03/30/08 | Unknown | -- |
02/25/08 | 12/31/07 | 10-K | |
11/02/07 | 09/30/07 | 10-Q | |
08/03/07 | 06/30/07 | 10-Q | |
05/09/07 | 03/31/07 | 4 | |
03/01/07 | 12/31/06 | 5 | |
11/09/06 | 09/30/06 | 10-Q | |
08/08/06 | 06/30/06 | 10-Q | |
05/09/06 | 03/30/06 | Unknown | -- |
03/10/06 | 12/31/05 | 5 | |
11/09/05 | 09/30/05 | 10-Q | |
08/05/05 | 06/30/05 | 4 | |
05/06/05 | 03/30/05 | Unknown | -- |
03/11/05 | 12/31/04 | 10-K | |
11/05/04 | 09/30/04 | 10-Q | |
08/06/04 | 06/30/04 | 4 | |
05/10/04 | 03/31/04 | 4 | |
03/12/04 | 12/31/03 | 10-K | |
11/13/03 | 09/30/03 | 10-Q | |
08/13/03 | 06/30/03 | 4 | |
05/14/03 | 03/30/03 | Unknown | -- |
03/25/03 | 12/31/02 | 10-K | |
11/13/02 | 09/30/02 | 4 | |
08/13/02 | 06/30/02 | 10-Q | |
05/13/02 | 03/30/02 | Unknown | -- |
03/14/02 | 12/31/01 | 10-K | |
11/13/01 | 09/30/01 | 10-Q | |
08/13/01 | 06/30/01 | 10-Q | |
03/31/01 | 03/30/01 | Unknown | -- |